Rent
are you willing rent?
Many clients ask us if we take care of renting the property they bought as an investment. And the answer is yes! We want to help you find the best tenant and quickly. In addition, we support them in the search for a new place to live, we guide them step by step throughout the process and guide them with the necessary documentation.
WHAT DO I NEED TO KNOW BEFORE YOU SEARCH RENT?
Before you start looking for a rental property, the first thing we recommend is to seek the help of a real estate professional who can help you throughout the process. Then, know exactly what your budget is, so you can determine which zones fit within it.
Main steps when renting:
- Meet with a real estate agent. This will be your best ally since web pages and online ads should always be verified by your real estate broker so that you do not fall victim to scams or other crimes.
- Determine budget and location. Prices in Miami - Florida vary depending on the city you select, the location, and the amount of square footage. Renting adjacent to universities, airports, and large companies or business centers increases the cost of ownership.
- Meets all rental requirements. It is important that before viewing the properties, you obtain documents such as your proof of income, payroll or bank accounts to prove to the landlord that you have the means to pay the rent, a criminal record and have at least the first month to give. . As a deposit to separate the unit.
- Find properties within your budget. When renting, we must be aware of how much we can pay because that is a variable that the tenant also takes into account. We must earn at least three times what we are going to pay in rent. If the house costs $1,000, our monthly income (including our spouse's) must be at least $3,000. Your agent will send you a list of options that match the characteristics you established in the search.
- Visit properties. The real estate broker will contact the agents of the properties that you liked the most, to make appointments so that you can go in person to meet them. Please note that some may still have a tenant in the unit, so it is always recommended to make these appointments more than 24 hours in advance.
- Put rental offer. Before making an offer, the real estate agent will carry out a comparative analysis showing you which have been the last rented units in the community you have chosen and how much they have been rented for, to present a fair offer. both for the owner and for you.
- Request at the neighborhood council or management company. To apply for most rental housing, you must complete an application or form, pay an administrative fee, and submit your requirements in writing or by email. That money is not refundable. If the association rejects the application, it does not return it.
What documents do i need to rent?
Immigrants who do not have these requirements have two options; Look for a relative or friend who will rent you a property knowing that it does not meet the conditions, or go to a rental community that receives foreign tenants charging only a month's deposit (however, not all accept foreigners). You should bear in mind that having a bank account with sufficient funds can serve as a guarantee when demonstrating income.
- Credit history with a score greater than 620.
- Valid state ID.
- Demonstrate income of at least 3 times the value of the rent.
- Police Record: No felonies and/or evictions for the last 3 years.
Make these financial decisions before listing your home for sale.
What is the difference between a community for rent and condos?
An apartment rental community corresponds to a group of properties where the owner is a single person (person/person/corporation) and rents the units through a management company, which may be their own or a third party.
- A condominium also corresponds to a group of properties, but for each of them there is an owner. Of course, a single person or corporation can have multiple properties. Among all the owners they select a condominium board and a management board.
- This board of directors also has a series of requirements to accept future tenants, which are usually the same as those requested by the owner when renting.
How long are the contracts?
An apartment rental community corresponds to a group of properties where the owner is a single person (person/person/corporation) and rents the units through a management company, which may be their own or a third party.
- Leases are generally for twelve months, you can also get month-to-month or six-month contracts, but the value of the monthly rent increases.
- Investors like to have a contract that guarantees their income for a long period, so the longer the contract period, the cheaper the rent can be.
Do you allow pets?
Uno de los aspectos que puede complicar más el alquiler es tener una mascota. A muchos condóminos y condóminos no les gusta que sus inquilinos tengan animales, porque si hay multa, le cae a la propiedad.
- If in any case we want to keep our "best friend" it is important that they have an up-to-date vaccination record, as well as their identification card. Some properties allow pets weighing up to 20 pounds that fit the small to medium size dog classification. Typically, the owner will require a non-refundable pet deposit in the range of $250-$500
Note: All of the above may vary if your pet has a certificate of service or emotional support.
Contact
AIDA VIVIANA ÁLVAREZ GOMEZ
REAL ESTATE SPECIALIST
