Welcome esteemed property owners and valued clients to the FOPM family! To elevate your experience with us, we've meticulously crafted the Fox Property Management Portal, powered by AppFolio, tailored just for you. This online gateway offers immediate access to financials, property reports, inspections, and essential documents. Plus, stay connected: message your property manager and make requests whenever it suits you, 24/7. Facing login challenges? Consider clearing your browser's history and cache as a first step. Should you still encounter issues, we're just a call or message away. For those on-the-go: AppFolio has launched a dedicated mobile app, compatible with both Android and Apple devices, allowing you to manage your properties from anywhere.
Your partnership is treasured, and we pledge to offer you outstanding service as an integral part of the FOPM community.
Still deciding whether renting out your property is the right fit for you? On the fence about selling versus renting? Check out the Fox Property Management Portal for a financial analysis tool that might help you determine which route to take.
If you rent out your home in South Carolina, your property taxes can increase dramatically — in some cases approaching three times what you currently pay. There are two reasons for this:
First, your property's assessment ratio shifts from 4% (owner-occupied) to 6% (rental), a 50% increase in assessed value on its own. But the bigger surprise for many homeowners is the loss of the millage rate cap. Under SC law, owner-occupied homes benefit from a cap on millage rate increases tied to the Consumer Price Index. Over the years, this cap compounds into significant savings — meaning the rate you've been paying may be well below the full market millage rate.
Once your home is reclassified as a rental, that cap is removed and your property is taxed at the full, uncapped rate.
Combined, these two changes can result in a tax bill that is substantially higher than what you're used to — and that increase flows directly into your mortgage escrow, raising your monthly payment.
Use the tools below to estimate your exposure and avoid any unpleasant surprises. If you'd like help navigating the reclassification process or understanding your options, we're happy to assist.
Family Owned Property Management LLC
810 Travelers Blvd Suite C1 Summerville SC 29485
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