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Miami Real Estate Rental – 10 mistakes homeowners

Renting a property in the market for rental housing in Miami is difficult than ever. The number of tenants is huge potential problem. The owner must be able to establish the normal rental fee, advertising and aggressively market property, collect all deposits, a detailed examination of the tenants, collect rent, no evictions, residential lease complete and all other documents and information, tenants avoid the emergence and do not try to do it yourself.

These errors are the 10 owners to market rental housing in Miami.

1. Price – The owner does not know how to get fair rental price. He / she will listen to a family relative or friend who is an expert and give the wrong amount. The owner will lose hundreds of dollars a month if the house is rented for the wrong amount. The real estate agent in Miami should obtain comparable recent lease in the region to determine the best price for renting the property. Property should be comparable to similar goods in question. Renting not be negotiated.

2. Advertising – The owner trying to save and not to advertise rental properties. This lack of exposure will affect profoundly the owner. It is very important to advertise the property of all local newspapers, magazines, brochures, etc. The realtor in Miami must carry at least one day open doors for proper marketing of goods. The property must be listed in the multilateral system to ensure maximum visibility.

3. Strong – owner desperate to rent the property to the first person to walk and can not collect the money on deposit. This is a recipe for disaster real estate market in Miami. Never show that you have to rent the property immediately. A deposit of three months should be kept in the front. The deposition could be negotiated third month and paid in installments if necessary.

4. Projection – always a thorough investigation of the tenant screening for prospective tenants. Get a check credit, obtain a police report, call employers to check references, owners Call ahead and ask if they rent to tenants again and they did pay the rent on time. Make sure the tenant has not been deported before. appropriate selection of the tenant is an essential step in managing real Miami real property.

5. Evictions – Delay or not to evict a tenant fast and is a long and costly mistake that devastate the owner. The owner should be prepared to drive if after all the projection that the tenant has still not paid the rent due to job loss or other unforeseen problems. Evictions must be started immediately. The Miami real estate rental estate agent should be familiar with the tenant does not pay the eviction proceedings.

6. Emergency – Avoid the tenant must move immediately. Do not allow the tenant to move without a comprehensive, ongoing audit completion. The tenant has to go at once is usually deported or any other hidden agenda. Check all references before an owner and an audit of expulsion and a credit check. Do not let the tenant rush to make a decision.

7. month's rent on a monthly or not the worst ever – leasing rental property without a lease at all. Always ask the tenant sign a lease for a year and charge less than one month deposit. In the deposit market of real estate today in Miami two months' rent and one month's rent is the norm today. All legal documents must be written hoping to avoid any misunderstanding. A lease is still needed in court to provide compensation, terms, and the establishment of the expiry of the rental income y. All legal documents must be in writing.

8. Occupation – Never give the tenant possession of property without signing a lease or without deposit. Do not give the tenant the keys to place furniture or other small objects inside the property. Tenants have been known to move the facility before all the terms and conditions have been established. Tenants occupy the property and the keys should be delivered until all the papers are signed and all funds have been verified and deposited.

9. Repair – Do not allow tenants to make unnecessary repairs before leasing the property. Painting and cleaning of the property is normal to do. new refrigerator, new cabinets kitchen, new air conditioning, complete renovation is not normal and should not be tolerated. No rent to tenants that a long list of things to fix. Never allow the tenant to dictate all the conditions for the repair of the property as a condition of hire.

10. Do not do it yourself – always hire a professional Miami real estate to do all the work for you. A landlord who seeks to save money by doing it yourself you make a costly mistake. Usually, the fee is one month rent. collection services and evictions are not included and are billed separately. The money you save by doing it yourself will cost the triple top at the end.

Owners should avoid amateur mistakes Miami real property management of property. Certain rules must be followed to rent the property to a good tenant to pay who will pay rent on time and take care of the property. Most owners simply do not have the time or expertise to carry out successfully all steps necessary to ensure the rental property for the best candidate. The best way to avoid paying tenants and not to prevent the eviction is not for rent to tenants of all wrong. Hiring a real estate professional in Miami to rent the property for you is a necessity.

About the Author

Hector Lesende is Owner/Licensed Real Estate Broker in Miami South Florida. Please visit
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