Choosing to rent an Upscale home can be a very difficult decision for both the landlord and tenant. All factors must be considered. Evaluating Pro and Con will help you decide the best choice for you. Buy vs Rent, for owners Sell vs Rent is this the right time for you.
Some rentals have Beautiful Kitchen, Relaxing swimming Pool some with waterfall or even a Koi pond
Executive Upscale houses for rent can be found in a selected area of Miami. Some of the more popular communities in South West Miami are Coral Gables, Pinecrest, The Falls, Kendall, Palmetto Bay and Cutler Bay.
Some beautiful rental homes are hidden behind palm trees or gates communities Beautiful homes for rent hidden behind palm trees
Pricing your Home for a Fast rental: Market Value VS Market Condition Always remember the first step is selecting a list price is to review all similar rental in your local area for the past six months. This will give you a good idea of the current market value. Minor adjustment can be made for any superior features or attractive amenities. Always remember prospective tenants will always gravitate to the best homes with the most amenities. Reviewing the available rental will show you the current market condition.
Let assume that four comparable properties are rented each month: It there is only one property currently available you will be able to get over the market value for your property. In an oversupply condition, you may need to discount the home for a fast rental. Lowering your list price by $1 or $10 will make it more competitive with a comparable home listed at market value.
Beautiful home for rent in Guard Gates communities with Gym, Tennis Courts, Swimming Pools & Club House
Accepting or Rejecting an offer: Not all offers will be for list price. Before rejecting an offer, Always calculate the amount that would be lost at the offer price over 1 year period. It the loss is less than 1 months rent you may need to review all active listings to calculate how much supply is available on the market. Accepting a lower offer in some cases is better than waiting for 2 additional months for a full price offer. Somethings to consider when negotiating with a potential tenant are
1. The amount and quality of their income.
2. The credit rating of the potential tenant.
3. The history of the tenant and background information.
Finding excellent tenants are always the best options. A small discount is sometimes appropriate to get a tenant with an excellent track record, income, and good credit rating.
Swimming Pool in Gated Community
Lease with the Option to Buy: Some landlord wants to sell. They may be waiting for the market to get better in order to sell. If you are planning to buy a home in the near future. It may be possible to make a lower offer and paying an option fee for the ability to buy the home at a future time. Great deals are made when two will party negotiate.
What my home worth: Knowing the current value of your home is critical in calculation your return on investment based on rental prices.
Amenities in this Gated Community
Joseph G Edwards – Broker- Associate – United Real Estate Miami
Contact us for all your upscale or luxury rentals needs anywhere in Miami Florida. Request your list of available Miami Upscale homes for rent