When searching for your pet friendly communities and buildings; tenants with pets need to be sure that they let their real estate agent know that they have a pet. Pets are often welcome in communities; however, everyone involved in the transaction, from the agent to the landlord to the tenant need to be aware of the pet policy in the community. As real estate professionals we have seen just about ever single pet restriction in the current market. Some of the more common pet restrictions are as follows:
1. Weight limit – this restriction will usually be for a specific weight limit, for example 20lbs, 30lbs or 40lbs maximum weight. If this is the case in your community of choice be sure to ask if this is combined weight among your pets or if it is per pet.
2. No aggressive breeds. Often a community will define a list of breeds which they consider to be aggressive; typically speaking about dogs in this instance. The breeds on this list will not be permitted. In some cases if the dog resembles too much of a non-desirable breed the community may request veterinarian documentation stating the exact breed.
3. Some communities will have a number of pet restriction; for example, one pet per unit or two pets per unit.
4. Some communities will allow pets for owners but not for tenants.
5. Many communities will require pets to use the service or freight elevator versus the regular passenger elevator. Yet, other communities will require residents with pets to carry their pets in common areas.
6. The majority of communities will have designated areas for walking pets and will provide “poop scoop” stations for resident use. In addition, most will have set fines for those that do not pick up after their pets.
Keep in mind that although these are many of the more popular rules and regulations the do not constitute all of them. we have also seen many combinations of these rules. Also, keep in mind that even if a community allows your pet the owner of the unit may opt not to accept pets in their unit or have their own set of rules. Furthermore, owners may require a pet deposit in addition to the regular security deposit or even go to the extent of having a pet fee which will not be refunded at the end of the lease term. Again, be sure to clarify these issues prior to signing your lease.
If you are looking for a pet friendly community be sure to consult your real estate professional before beginning your search.
There is no doubt in anyone’s mind that Miami has generated a tremendous real estate rental market in recent years. The fact is that the real estate boom of years past created many real estate investors hungry for qualified tenants to fill their properties. These investors range from the individual dabbling in real estate all the way up the spectrum to your complete real estate developer. This fact coupled with the fact that the recent down turn in the economy left many folks (unfortunately) losing their homes. Now take the people that have lost their homes (who normally would not have rented) and add them to the rental pool of tenants along with those that would normally rent anyway for other reasons and you have a larger pool of tenants to match the larger pool of rental inventory.
But still; why on Earth would you need a real estate professional to assist with a rental.Well, the reality is that there are several reasons for both landlords and perspective tenants to utilize a professional.
Lets start with the tenant:
With such a large inventory where would you even start? You cant just walk in to a building and ask the concierge what is available for rent. You may decide to visit craigslist or backpage but oh my godness that really didn’t narrow it down with about a 1000 posts going in daily. The newspaper is another option…. or really is it? In the information age the newspaper is way too slow by the time the add prints the unit is gone, again a frustrating waste of time!! So what to do? That’s right; your Realtor will be able to simply log onto the MLS and view what is available in real time based on your criteria, that’s right REAL TIME! OK, so you may not want to speak to someone who is going to be pushy and try to get you to come in so they could eventually ….. earn that commission. OK, got a solution for that as well, log on to a good Realtor website, I recommend one that does not insist that you register first, one that truly gives you FREE information with no catches, that is unless you just absolutely cant live without more junk email. Try Miami Rent Seekers this site will allow you to browse all available inventory on the MLS. Yes, I said the MLS, this information is provided to the public through a system called IDX which in layman’s terms just means it is syndicating the MLS for public view. You will be able to see ALL listings, not just the ones listed by that agency but ALL listings from ALL brokerages in the area! WOW!
Now, just pick an agent you feel you want to work with.
Your new agent and best friend (that is at least until you happily move in) will show you the properties that you are interested in, draft up the offer you want to make, prepare – review and explain the lease agreement and any addednums, guide you through any condo board or HOA application process, provide any local information you may require and assist you with your move in inspection.
Now how much will all this cost you???? You will get this for the bargain price of FREE!!! That is right free, the landlord actually pays his broker who in turn pays your broker, you pay nothing for the services.
Well, your next questions is probably – “well, wouldn’t I get a better deal if I deal directly with the owner?” To that I would say, “No, the owner will much more than likely (because of the benefits they receive) have listed the property with his broker, so at the end you will find yourself dealing with a broker, except this broker represents the landlord. Wouldn’t you like to have someone looking out for you?
So why would you use a broker if you have a property to rent out, you are the landlord?
These benefits are plenty. Number one is TIME. Do you have the time to run out and show the property every time someone calls or expresses an interest? What about MONEY? Do you want to pay advertisement to get the perspective tenants interest in the property you have available? What about EXPERTISE? Are you familiar with leases and addendums and the condo board process? What about the fact that your property will simply not be on the MLS if you are not listed with a broker? What about the monthly relationship with your new tenant? Did you know that many brokers offer property management services? What about the combination of TIME and MONEY, that is to say the faster I rent out the property the faster I collect more money!
In conclusion, in this great rental market the way to go is to use a Realtor and you will find the process much less frustrating and more enjoyable.
South Florida Brokers & Associates, Inc.