Rental Insurance Info

Our friend Ray Craver, from Seacoast Insurance here on Hilton Head writes to remind us of the insurance impact of changing your home from primary to a rental-

If you have decided to rent your primary home out, you need to let your insurance agent know.  A typical homeowners policy is written for the owner living in the house as his primary residence.  Renting it out creates circumstances that need to be addressed with a different type of insurance policy that we in the industry usually refer to as a “Dwelling” policy.   This policy still provides the essential coverage’s for your home including liability, but it takes into consideration the fact that you the owner are not living there, thus changing the exposure.

Thanks for the good advice Ray.

Call the Shipyard Real Estate specialists if we can help you with rental information about your Shipyard home or villa, or if you re looking to rent long term, seasonal and weekly.


Thinking of buying a rental income producing property?

Thinking of buying a rental income producing property here in Shipyard or the Hilton Head Island area? Be sure to give us a call first, and here is some helpful information to consider from a copy of a recent article in the Island Packet written by Robert Stenhammer, President of Hilton Head Accomodations-

With interest rates at historic lows and prices still in favor of the buyer, owning a vacation rental property is less expensive than at many times in the past. The short-term vacation rental market in our area is off to a strong start in 2012 and positive growth in number of renters and rental rates (compared to last year) is expected for the remainder of the year.

If you plan to buy a property that will be used as a second home for your family and as a vacation rental, it’s important to choose a house or villa that will meet your family’s needs and be attractive to renters. Here are some tips:

  • Make a list of your priorities, including desired neighborhood, square footage, budget and rental income expectations
  • Decide if you’re interested in a fixer-upper, as well as how often you intend to use the property; if you want a home or a villa; and whether you will retire there or eventually sell the property.
  • Work with a Realtor who has experience with vacation rental properties. (That would be us!)
  • Meet with at least one vacation rental manager to learn more about the short-term rental market and to help you decide if you are prepared to manage the property yourself or will hire someone to do so.
  • Consult your accountant and lawyer to understand the tax and insurance requirements, tax implications, how to structure your mortgage loan, whether or not to set up an LLC and whether it makes sense for you to purchase a property out of your IRA. Get these details worked out at the beginning of the vacation rental purchase process.

To be attractive to renters, Lowcountry rental homes and villas should have easy access to the beach and other key activities that vacationing renters enjoy. The view from the property is important, so be sure to check this while visiting potential homes. Higher rental revenue is determined by location, view from the property, size and condition of the home and villa.

If you are purchasing a single-family home, make sure that the community allows short-term rentals and that the home has a heated private pool. (Alternatively, you should have access to a community pool less than five minutes away from your property.) Avoid homes with too many stairs, as this can detract multi-generational travelers.

If you are purchasing a villa, consult the complex’s rules and regulations first before setting your heart on a particular property. The monthly fees for common area amenities such as a pool, hot tub, tennis courts, grill area or playground can have a big impact on rental revenue.

If the property you are considering has been a vacation rental before, be sure to obtain the last two years of revenue intake from the current owner so that you have an accurate picture of income potential.

Investor Alert!!

Recent changes in lifestyle living scenarios in the US as more folks choose to rent rather than own a home has caused an unprecidented opportunity for investors as evidenced by a recent quote from Moody’s Analytics

“Rental vacancy rates are heading down and rents are rising as weak income gains, favorable demographics, and the foreclosure crisis turn homeowners into renters and keep renters from becoming homeowners.”

“Households are turning to renting, as evidenced by the Census Bureau’s quarterly Housing Vacancy Survey, which shows an eight-year rise in both the number of renter households and the rate at which households are renting homes.”

—Moody’s Analytics

We have been successfully helping savvy investors navigate the Hilton Head – Bluffton area investment market since 1995. Contact us today if we can help you.


Shipyard’s Culinary Arts Center

After 30 years of professional kitchen experience, I still love to create dinner dishes with a little flair. Unfortunately the training I received back in the 70’s and 80’s wasn’t always healthy eating. Sauces made with eggs, butter, and/or a roux were all utilized in classic French cuisine.  While the sauces may have tasted good (and still do!), they were not always a healthy addition to one’s diet.

The Culinary Arts Center (CAC) at Hilton Head Health is designed to enhance the overall culinary experience through interactive cooking demonstrations and participatory hands-on sessions that take you from our healthy kitchen to yours.

Check out the CAC website or upcoming class schedule.


Shipyard Beach Pass Time!

It’s that time again! Time to use your Shipyard Beach Pass beginning Friday, May 25th.

Be sure your 2011 pass has been validated and updated. For questions about your pass contact Stacey at 843-785-3310 X 221.

No Pass- No Beach Parking!

Sumertime means bike time. Know the rules!

Whether you’re driving or biking in the Hilton Head area, know the rules of the road in SC-

Article from today’s Island Packet –

Wearing signs on their backs bearing slogans such as “Same roads, same rights, same rules,” Hilton Head Island cyclists took an 8-mile ride Wednesday evening commemorating fellow bikers who have died on public roads.

The worldwide “Ride of Silence” event is an opportunity to honor fallen cyclists and to highlight the right of riders to share the road with cars — an awareness effort that continues throughout the year, said island bicycle club Kickin’ Asphalt founder Ron Knight.

On Hilton Head, cyclists say conditions for bikers have gotten better over the past several years. Formerly dangerous intersections have been improved with signs, signals and crosswalks. Along with other safety features such as bike paths, those efforts earned the island a silver metal from the League of American Bicyclists last year — making the town the state’s only community and one of the few in the Southeast to earn the distinction.

Knight said that while Hilton Head is safer now, riding in more rural areas is still a risky venture.

In Beaufort County, the S.C. Department of Public Safety reported 32 accidents involving cyclists in which 28 riders were injured in 2010, the most recent year data is available. Three cyclists died on Beaufort County roads that year — the highest number in five years.

Statewide, cyclist advocates say the outlook is worse.

The Alliance for Biking and Walking’s 2012 Benchmark Report says South Carolina is the second most dangerous state in the nation for bicycling, with 13.5 deaths per 10,000 bicyclists.

A 2008 state law allows bicyclists to ride in the roadway if they choose. However, many remain unfamiliar with the law, especially visitors who may come from states that have different rules, said Frank Babel, an advocate for bicyclists’ rights on the island.

“In other states when a bike or pedestrian is in a crosswalk, traffic is supposed to stop,” Babel said. “In South Carolina, the car is supposed to yield.”

Skip the dorm- Buy your college kid a condo!

Interesting article on the benefts of purchasing a condo for your favorite college student or as an investment vehicle. Click here to read the article

We have seen positive results for investors and parents who have chosen to purchase a condo and reap the benefits of other students paying for your student’s housing.  For those parents sending their children to USC Beaufort, we have properties available here in the Hilton Head-Bluffton area. Give us a call.

Remember- Our focus is Shipyard but we sell everywhere and no one knows the market better!

Foreclosure Market Trends Report

We’re starting our new series of monthly and bi-monthly foreclosure news and trends report in an attempt to keep you updated.

Click here to stay informed!

If you have an interest in the best buys in the market today, click the links below.

Hilton Head 


Remember, our focus is Shipyard but we sell everywhere!!

Shipyard Racquet Club News!

Spring Tennis Season is in full bloom at the Shipyard Racquet Club with a full slate of events scheduled. This weekend you’ll find the Bullfrog USTA Southern Sectionals followed next week by the Hilton Head Island Open presented by Hilton Head Island Realty and Rentals.

Click here for the upcoming schedule of events at Van Der Meer Tennis.

Request your copy of the entry form for the Hilton Head Island Open – Send us an email