Also, 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.
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 how much your budget is, so that you can determine what they are
Miami areas that fit it.
Main steps when renting in Miami:
1. Meet with a real estate agent. This will be your best ally since web pages and online advertisements must always be verified by your real estate broker so that you are not a victim of scams or other crimes.
2. Determine budget and location. Prices in South Florida vary depending on the city you select, the location, and the amount of square feet. Rent adjacent to universities, airports and large companies or business centers increases the cost of the property. If you have children, you should take into account factors such as the classification of the schools (A and B are the most recommended).
3. Gather all the requirements for the rent. It is important that before viewing properties, get documents such as your proof of income, payroll or bank accounts to show the owner that you have what to pay the rent, police record and have at least the first month that will be given as a deposit for set the unit aside.
4. 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 more than what we will pay in rent. If the house costs $ 1,000, our monthly income (including that of our spouse) should be at least $ 3,000. Your agent will send you a list of options that match
the characteristics they posted upon the search.
5. 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 personally to meet them. Keep in mind 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.
6. Put a rental offer. Before placing an offer, the real estate agent will carry out a comparison analysis where it will show you which have been the last rented units in the community you have chosen and for how much they were rented, in order to present a
offer that is fair to both the owner and you.
7. Apply to the neighborhood association or management company. To apply to most rental units, you must fill out an application or form, pay an administrative fee, and submit the requirements in writing or by email. That money is not returnable. If the association rejects the request, they will not return it.
What documents do I need to rent in Miami?
To rent a home in Miami or another American city, the following basic requirements are needed (they may vary):
1. Credit record with a score above 620
2. Valid state ID
3. Demonstrate income of at least 3 times the value of the rent
4. Police record: no criminal record and / or eviction record in the last 3 years
Immigrants who do not have these requirements have two options; Find a family member or friend who rents you a property knowing that they do not meet the conditions, or go to a rental community that receives foreign tenants charging only one month’s deposit (however, not all accept foreigners). You should be aware that having a bank account with sufficient funds can serve as collateral when proving income.
What is the difference between a rental community and condos?
An apartment rental community corresponds to a group of properties where the owner is only one (person / persons / corporation) and rents the units through a management company, which may be its own or from a third party.
A condominium also corresponds to a group of properties, but for each of them there is an owner. A single person or corporation can of course have several properties. Among all the owners they select a condominium board and a management board.
That board of directors has in turn a series of requirements to accept future tenants, which are usually the same as the owner requests at the time of renting.
For how long are the contracts?
The leases are generally for twelve months, you also get month-by-month or six-month contracts, but they increase the value of the monthly rent.
Investors like to have a contract that guarantees them income for a long period, therefore, the longer the contract period, the cheaper the rent can be.
Do you accept pets?
One of the aspects that can make renting more complicated is having a pet. Many condominiums and homeowners do not like their tenants to have animals, because if there is a fine, it falls on the property.
If we want to keep our “best friend” anyway, it is important that they have an up-to-date vaccination record, as well as the identification tag provided by Miami-Dade County. Some properties allow pets with a maximum weight of 20 pounds that fit the
classification of small or medium dogs. Typically, the owner will ask for a non-refundable pet deposit ranging from $ 250 to $ 500.
Note: All of the above may vary if your pet has a certificate of emotional support or service.
