Most boards in HOAs, condo associations, and coops are constrained by strict budgets. The challenge of allocating scarce resources to a growing number of different needs can be daunting. But choosing the lowest bidder when selecting a Miami property management partner can happen by default, and can be plagued by pitfalls.
Making your Miami rental property ready for the market is the important first step in the leasing process. You want to get it rented quickly, for the most money, and to the best tenants. You can’t do that unless it’s well-maintained, clean, and attractive. Showing a property that isn’t rent-ready is a huge mistake. That only turns away high quality renters and extends your vacancy time.
Investing in Miami real estate is a great way to build wealth and financial security. But to really maximize what you earn, you need to make smart decisions. Trident Management works with our owners and investors to increase their earnings and reduce their expenses. Tell us about your investment goals, and get some of the best advice we have for anyone who owns rental property in Miami.
Evicting a tenant in Miami can get complicated. Not only will it take more than a month or two to accomplish, there will also be expenses. For example, if you have won a Writ of Possession but the tenant doesn’t move out, you’ll need to pay the Sheriff’s office to show up and physically remove the tenant. That’s going to cost between $1,200 and $1,800.
Few positive and profitable real estate investment experiences are complete without good tenants. Finding those quality tenants requires some strategic and targeted marketing that is clear about what your property offers and the criteria that will be used to screen prospective renters. This will save you money and valuable time.