Rent
Are you ready to rent?
Many clients ask us if we take care of renting the property you bought as an investment. And the answer is yes! We want to help you get the best tenant and quickly.
Also, we support you in the search for a new place to live, I walk you step-by-step throughout the process, and we align with the required documentation.
WHAT SHOULD I KNOW BEFORE LOOKING FOR A RENTAL?
Before you begin looking for a property to rent, the first thing that I recommend is to seek the help of a real estate professional who can help you throughout the process. Then, to know exactly how much is your budget, so that you can determine what are the areas that will fit the same.
Main steps when renting:
Meet with a real estate agent. This will be your best ally because, web pages and online ads should always be verified by your real estate broker to not be a victim of scams or other crimes.
Determine budget and location. Prices in the South Florida vary depending on the city you select, the location and the number of square feet. The rent adjacent to the universities, airports, and large companies or business centers increases the cost of the property.
Collect all of the requirements for the income. It is important that before you can view properties, get documents as your proof of income, payroll or bank accounts to show the owner that you have the money to pay the rent, record the police and have at least the first month will be given as a deposit to hold the unit.
To search for properties within your budget. When you rent, you have to be aware of how much we can pay, because that is a variable that takes account of the lessee. There is to win at least three times more than what we pay in rent. If the house costs $ 1,000 and our monthly income (including our spouses) should be at least $ 3,000. Your agent will send you a list of options that match withthe features that set about the search.
Visit properties. The real estate broker will contact the agents of the properties you love, to make appointments and you can go personally to know them. Keep in mind that some may have still a tenant in the unit, so that it is always recommended to make these appointments more than 24 hours in advance.
Make offer-income. Before you make an offer, your real estate agent will perform an analysis of comparable where it will show you what have been the latest rental units in the community that you’ve chosen and how much is leased, to present an offer that is fair to both the owner as it is for you.
Apply to the neighborhood association or management company. To apply to the majority of the houses for rent you must fill out an application or form, pay an administrative charge and deliver the requirements in writing or by e-mail. That money is non-refundable. If the association were to reject the application, do not return.
What documents do I need to rent?
Record credit score above 620
Valid state id
To prove income of at least 3 times the value of the income
Record police: no criminal record and/or record of evictions for the past 3 years
Immigrants who don’t have those requirements have two options; find a family member or friend to rent a property knowing that do not meet the conditions, or to go on to a community of income that you receive tenants foreign charging just one month deposit (however, not all of which accept foreigners). You must have in mind that to have a bank account with sufficient funds can serve as collateral to prove income.
What is the difference between a community of rent and condos?
A community of rental apartments corresponds to a group of properties where the owner is only one (person / people / corporation), and rent the units through a management company, which can be own or a third party.
A condo also corresponds to a group of properties, but for every one of them there is an owner. A single person or corporation may of course have multiple properties. Among all the owners selected a board of condominium and a board administrator.
The board administrator has its own set of requirements in order to accept the future tenants, which are usually the same as the owner requested at the time of renting.
How long are the contracts?
The contracts of lease are for twelve months usually, you also get contracts, month-to-month or for six months, but increase the value of the monthly rent.
Investors like to have a contract that guarantees income for a long period of time, therefore, the longer the period of the contract more economic rent may be.
Do you accept pets?
One of the aspects that can make it more complicated income, is to have a pet. Many condominiums and home owners do not like their tenants to have pets, because if there is a penalty, the burden falls on the property.
If, however, we want to keep our “best friend” it is important that you have the immunization record to date, as well as the id tag. In some properties allow pets with a maximum weight of 20 pounds to fit in the classification of small dogs or medium. Usually, the owner will be asked for a non-refundable deposit for the pet that ranges from $250 to $500.