Introduction

If you're considering building wealth through short-term vacation rentals, few opportunities shine brighter than oceanfront condos in Myrtle Beach, South Carolina. In this comprehensive feature, we sit down with Matt Fries—an experienced Airbnb host, real estate investor, and loan officer—who has spent the last eight years mastering the art of short-term rental investing in Myrtle Beach. From humble beginnings, including selling his primary home to buy his first condo, to now owning twelve profitable oceanfront units, Matt shares everything you need to know to get started.

Meet Matt Fries: Veteran Investor, Lender, and Family Man

Matt Fries is not just another real estate investor. He’s a husband, a father, and a man who took a calculated leap into the world of short-term rentals—turning that risk into long-term financial gain. After selling his personal residence to afford his first oceanfront condo, he moved into an apartment, started renting out his new purchase on Airbnb, and never looked back. Fast forward to today, Matt owns twelve oceanfront condos, nets $15,000–$30,000 per unit annually, and is living proof that this model works.

Why Invest in Myrtle Beach Oceanfront Condos?

Myrtle Beach boasts millions of tourists each year, thanks to its stunning coastline, family-friendly environment, and abundance of attractions. This consistent tourist demand makes it a hotbed for profitable short-term vacation rentals. As Matt puts it: “Yes, these condos have been profitable for me for the last eight years.” The model works when executed correctly, and Matt breaks it all down for us.

Profit Potential

  • Gross Income Range: $50,000 to $80,000 annually per unit.

  • Net Income Range: $15,000 to $30,000 annually per unit.

These figures, achieved through self-management and smart pricing strategies, are consistent and replicable, even for first-time investors.

Top Questions First-Time Investors Ask (And Matt’s Answers)

1. Are oceanfront condos allowed on Airbnb and VRBO?

Yes. Regulations are minimal, especially for condotels in Myrtle Beach. You can start listing your property on Airbnb or VRBO almost immediately after closing.

2. How do I price my unit?

Matt uses a "waterfall pricing" strategy. Each day, he slightly lowers the nightly rate until inquiries begin flowing in. This helps identify the optimal price point without relying too heavily on software.

3. What are the occupancy rates?

Consistently high—upwards of 90% year-round. This is thanks to the area’s popularity and the built-in demand from tourists seeking affordable beachfront stays.

4. What are the risks?

Matt has never had a guest destroy a unit. Minor issues like broken mirrors are covered through Airbnb’s AirCover protection (up to $1 million). With proper insurance (like HO6), even hurricane-related interruptions are mitigated.

5. How can I manage a unit remotely?

Matt lives 3.5 hours away and still self-manages all twelve condos. He uses automation software like HostAway to sync bookings, communicate with guests, and notify cleaners via integrated iCal feeds. Cleaners are automated; messages are pre-written. It’s a scalable and stress-free system.

Why Bigger Is Often Better

One of the most common mistakes Matt sees first-time investors make is opting for a “cheaper” or smaller unit to “play it safe.”

But the truth is, larger units in more reputable resorts offer:

  • Higher occupancy rates

  • More nightly income

  • Better guest satisfaction

  • Lower competition due to fewer similar listings

Investing in a smaller, lower-tier unit might feel safer, but it actually exposes you to more risk. If that one unit underperforms, your entire confidence in the investment strategy may collapse. On the other hand, a well-located, larger unit offers better odds of success and long-term appreciation.

The HOA Debate: Fear or Leverage?

New investors often fear high HOA fees, but as Matt rightly explains: “The guests are paying the HOA through their nightly rate, not you.” High HOA fees often fund premium amenities like indoor water parks, pools, and landscaping that elevate the guest experience—and your nightly rate.

Lower HOA = fewer amenities = lower guest satisfaction = less income.

You want the resort working for you, not against you. HOA boards are usually composed of owners, meaning they are financially incentivized to enhance property value. That’s a win for investors.

Best Areas for Investment: Matt’s Top Picks

  • The Golden Mile: From the SkyWheel northward, this stretch is known for strong occupancy and higher-end resorts.

  • Central Myrtle Beach: Still profitable with great properties.

  • South Myrtle Beach: Lower purchase prices, still strong rental performance.

Matt has found success in various areas, but he prefers the Golden Mile due to better reputation and guest demand.

Property Amenities That Maximize Income

If your goal is higher nightly rates and year-round bookings, prioritize:

  • Indoor water parks

  • Lazy rivers

  • Oceanfront balconies

  • Fully stocked kitchens

  • Proximity to attractions and dining

Properties with these features outperform budget units, especially during off-peak seasons.

Tech Stack for Remote Management

Matt uses:

  • HostAway: Channel manager + automated messaging + calendar syncing

  • iCal Integration: Real-time cleaner alerts

  • Airbnb/VRBO: Direct booking platforms

  • Google Vacation Rentals: Newest tool for direct guest exposure

Together, these tools create a frictionless, remote-friendly operation.

Insurance and Protection

  • HO6 Policy: Required if you have a mortgage. Covers interior and personal property.

  • HOA Master Policy: Covers exterior and building structure.

  • Airbnb’s AirCover: Protects against damage and liability.

After a hurricane caused a 45-day closure, Matt recommends always having an HO6 to cover lost rental income.

A Walk Through Unit 904: What to Look For

Unit 904 featured in the interview is a prime example:

  • Multiple full-size beds

  • Tile floors

  • Spacious kitchen with modern appliances

  • Living room with fireplace and ocean views

  • Large oceanfront balcony

  • Stackable washer/dryer

  • High rental capacity (sleeps up to 8)

Design matters. A unit optimized for families and groups will book faster and earn more.

Final Thoughts from Matt and Brandon

Success in oceanfront investing requires courage, discipline, and a willingness to learn. Matt's story illustrates that even regular people—when equipped with knowledge and strategy—can achieve extraordinary financial outcomes.

Whether you're looking to build a passive income stream, create generational wealth, or prepare for retirement, investing in Myrtle Beach oceanfront condos could be your next great move.

If you want personal help finding profitable condos, text Brandon at 843-360-1737. He and Matt are dedicated to helping investors like you take the first step toward long-term financial independence.