If you are relocating or setting out on a new adventure to live on your own, with or without a roommate, it is necessary to prepare for life as a renter. Our HomeSnatch Realty professionals will provide you with basic renter’s guide to help you make informed decisions as you embarked on your new journey. At HomeSnatch Realty, we aim to help you prepare for the many different aspects of renting. Let our team of real estate professionals help you find your rental home fast! Please contact us via our Office: (305) 816-6429 or Toll Free: 1(833) 4-SNATCH / 1(833) 476-2824, or Email: Info.HomeSnatch@gmail.com, or visit us at: 633 NE 167th Street, Suite 524, North Miami Beach, Florida 33162.
What You Should Know When Renting A Home
Many people rent their homes in South Florida, and there are many others who are considering becoming renters. However, many potential renters are unaware of the home rental process. Determining your budget should be your first step when considering renting a home. Only then, should you consider other aspects of the rental process such as, rental requirements, type of home, location, condition of the property, type of landlord, and self-moving or professional movers.
Know Your Budget… As previously stated, determining your budget should be your priority. You must know your monthly income and the amount you can afford to pay for your rent, living expenses, and other daily needs. Your calculations must be as accurate as possible.
Know The Rental Requirements… Once you have determined your budget, you must ensure that you meet the landlord’s specified rental requirements. While rental requirements may differ among landlords, you should be prepared to demonstrate certain elements. Generally, your monthly income should be at least three times the amount of your monthly rent. While this requirement may be negotiated, most landlords use this calculation to ensure their tenants are able to pay the due rent. Your credit score should be higher than 620 in order to rent an apartment in Miami. Therefore, it is vital to review your credit reports (from all three bureaus) prior to your home search. You may be required to pay the first and last month rents in advance. Additionally, a security deposit is a standard requirement. Lastly, in Florida, the minimum age requirement to enter into a leasing agreement is 18 years of age. If you are younger, a co-signer (such as a parent) is required.
Know The Type Of Home You Desire… Whether you are considering an apartment or a single-family home, you should pay close attention to a few different characteristics. If you will live alone, the property should be large enough to be comfortable, but not too large to be too expensive. If you will live with one or more roommates, ensure the property has enough bedrooms to accommodate everyone. Everyone should have a private room. Individual privacy is important for co-living.
Know Your Desired Location… The location of your rental home may be an important factor because of your school or work. Therefore, your needs should influence your decision. Notwithstanding, you should look for the best location that you can afford.
Know The Condition Of The Property… The condition of the rental property is crucial. Ensure the property is free of mold, the appliances are functional, and the plumbing works properly. Inspect the property thoroughly, document and communicate any deficiencies to your landlord. Do not take possession of the property until the landlord corrects the deficiencies. For assistance with your real estate rental transaction, please visit us at our office:
633 NE 167th Street, Suite 524, North Miami Beach, Florida 33162, or call us: (305) 816-6429 or Toll Free: 1(833) 4-SNATCH / 1(833) 476-2824, or Email us: Info.HomeSnatch@gmail.com.