Miami-Dade County offers some of the best condo real estate in Florida, and perhaps the entire country. The Miami metro area is brimming with beautiful seaside communities and glittering highrises. Find a Miami condo for rent here, and try out the water on your own terms.
Beckett Realty are the experts in South Florida Real Estate
Why Should You Rent A Condo In Miami?
Many of Miami's condominiums are owned as second homes or vacation properties. As such, their owners will visit them for part of the year, and rent them out for the rest as a way to generate extra income. Because of this, the Miami condo market offers a wide range of condos for rent, providing an opportunity to enjoy the convenience and comfort of condo living at an attainable price.
Renting a condo in Miami has many benefits over other rental types, including:
Price - Renting a condo is often cheaper than staying at a hotel.
Variety - Condos can be found in a wide range of communities, with many lifestyle options to choose from.
Quality - Rental condos are often someone else's part-time home, so you're more likely to find high-quality appliances, furnishings, and more!
Flexibility - When renting a condo you will often deal directly with the owner, so you can build a relationship of trust that affords you more freedom.
Renting A Condo Versus An Apartment
When renting an apartment, you typically rent from a more centralized entity, such as the owner or management company responsible for the entire building. As such, the deal is usually more uniform and rigid, with little to no wiggle room. These organizations are typically only concerned about the bottom line, and as such you're likely to find fewer amenities and lower-quality appliances, furniture, and so on.
Also, the apartments themselves are usually quite uniform, without much variety, and they may be subject to higher levels of wear and tear.
Condos on the other hand are privately and individually owned and you have the opportunity to build a relationship with the person responsible for the condo
As mentioned, the amenities are often better with condos, as many are designed to entice long-term residents. When renting a condo in Miami you will probably be able to enjoy some of the following amenities:
Sports facilities, like tennis courts, and golf courses
Large resort-style pools
Room, concierge, and valet services - especially in condo hotels
Some of the best views in Miami
Buying Versus Renting A Condo in Miami
Buying a condo is a great way to generate extra income, secure equity, and have a place to call your own in a world-class city like Miami. However, condo ownership isn't all great. For a start, condos appreciate more slowly than other kinds of properties, and the HOA or management fees may eat into your rental income. HOAs and condo associations also apply a lot of rules and restrictions, meaning that many real estate decisions may just be out of your hands.
For example, condo associations don't allow short term rentals. which are often the most popular or sought-after.
However, if you're simply renting a condo, then you don't have to deal with any of the business with HOAs, condo associations, taxes, and so on. You can also change things up every few months. Live in a beachfront highrise the one year, and a quiet suburban townhouse the next.
Questions To Ask When Renting A Condo In Miami
What is included?
Will you be allowed to use all of the condo community's services, amenities, and common facilities? Are there any extra incentives attached?
What is the parking situation?
Where do you park your vehicle? Do you have private parking, or do you have to find off-site parking?
Are pets or guests allowed?
You never know who may show up! Better to check in advance, even if you're not planning on having guests over.
What are the conditions for changing the agreement?
What if you want to leave early? Or later? Check to see how and under what conditions you can make changes to your rental agreement.
What if something is (or gets) broken?
Make sure you get a proper run-down of known issues, and report any new issues as they come up. Have some agreement or policy in place for handling these.
