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Miami Rental News

• December 23, 2010Pembroke Pines Rentals Guide
• December 21, 2010Wellington Rentals Guide
• December 20, 2010Guide to Bal Harbour Rentals
• December 20, 2010Oakland Park Rentals Guide
• December 16, 2010North Bay Village Rentals Guide

Help/Landlord FAQ's What is the Miami rental market like? When would be the best time to start my rental search? What should I bring when I visit rentals? What application fees should I expect to pay? What money will I need to put down when I want to rent a place? Do I need to pay extra for my pet? If I view an apartment but am not sure if I want it, what should I do? How much do I need to make to rent an apartment? I always get an answering machine when I call the managers, is this normal? Q: What is the Miami rental market like? The Miami rentals market is a huge part of the real estate market here. According to a recent AOL study, almost 60% of the homes in Miami are rentals as of now. With the recent housing market downturn, renting has become an even more attractive option and renters (as of now) seem to be the ones with the strongest bargaining position. If you’re looking at Miami condos for rent, however, you may have trouble as quite a few buildings have few units available. This is especially true in Brickell and downtown Miami. [back to FAQ's]   Q: When would be the best time to start my rental search? It is always best to start searching for a home as early as possible no matter where you are. In South Florida, looking for Miami Beach condos and other listings during and just before the winter months may be difficult, as there are many people who rent homes around this time looking to avoid the colder temperatures of the North East. [back to FAQ's]   Q: What should I bring when I visit rentals? When visiting a rental unit, it’s always a good idea to bring someone with you who can be your second set of ears. Also be prepared with a list of any questions you may have about apartments in Miami as well as something to take notes with. You may even want to fill out the application. If that’s the case, be ready to provide references, identification and other similar items. Call in advance to check on any application fees so you can have that ready as well. [back to FAQ's]   Q: What application fees should I expect to pay? Some, although not all, landlords sometimes do charge a fee for applying to rent one of their units. This is usually to help them pay for a background check. You can expect this to run you around 20.00-40.00. Be wary of anyone who tries to charge more than that and check with the landlord about getting a refund if the landlord did not end up running the check. [back to FAQ's]   Q: What money will I need to put down when I want to rent a place? You can expect to put down at least first and last month. Normally, there is a security deposit included as well. This can be equal to another month’s rent. This can vary, however, so check with the landlord for specific costs. [back to FAQ's]   Q: Do I need to pay extra for my pet? You probably will get charged extra for a pet. This may come in the form of a slightly increased rent or another deposit. Check with the landlord to find out how they handle their specific unit. [back to FAQ's]   Q: If I view an apartment but am not sure if I want it, what should I do? If you are not sure you want it, address any concerns upfront and see if you can come back after you’ve checked out some other places. Don’t waste time filling out the rental application, either, if there are fees involved. [back to FAQ's]   Q: How much do I need to make to rent an apartment? There aren’t any specific numbers available, but landlords do check with past landlords, employers and credit agencies to make sure that you have a good payment history. Most rentals go for at least 700, some as much as 1500 a month, so work that into your budget first before applying to rent the unit. [back to FAQ's]   Q: I always get an answering machine when I call the managers, is this normal? As long as they call back within a day or so, that’s pretty normal. Property managers are responsible for running the whole show basically, so they are extremely busy people. [back to FAQ's]