South Florida, Miami & Fort Lauderdale Single Family Rent Houses

If your Miami or Fort Lauderdale home and property are properly managed, renting out your single-family home can bring you in extra income. Although the management of single-family homes in South Florida is comparable to managing multi-family units, there are some key differences. One difference is being able to bring in high quality, lasting tenants.

Proper Preparation of Your Single Family Rent House
Curb appeal is important when renting out a house due to the fact that single-family homes often have lawns or porches. People want to live in a house that is in good repair and tidy in its appearance. Landscaping, yard and building maintenance, and even repainting the house may be necessary to attract tenants.

At Residential Leasing & Management Property managers we ask ourselves “Would live in this rental house if we had to?” Therefore it’s important that you have the house painted or the bushes trimmed if they are too high. Tenants are not second-class citizens and the better shape the property is the better quality of tenants you’ll get. Features that are appealing to home buyers are also appealing to home renters. Updated kitchens, bathrooms and hardwood floors tend to drive demand.

Renting Out Your Home
Demand for renting single-family homes is higher than the demand for apartments so you’ll want to play up the unique features of the house such as a functioning fireplace or a finished basement. These types of features can assist in renting out the home. The rent house location is the dominant factor in setting the rent price as it is with all rental properties. However, if the unit is top-notch, but the area isn’t, you can’t expect top dollar.

Since single-family homes are popular among families with children, another key factor in setting rent price will be the school district in the area, Research the schools surrounding the rent house before setting the rent price or even investing in a rental home. Other factors to consider when determining rent price are the size of the home, how many bedrooms it has and its condition.

Managing a Single-family Home
The biggest difference between the management of a single-family home as opposed to a multi-family unit is the time and cost that is required for on-site visits. Managing and maintaining several single-family homes can be a lot more time-consuming than just one apartment building.

Managing single-family homes also can be more expensive since there’s generally no economy of scale when it comes to maintenance concerns. It’ll cost more for the maintenance crews to show up on different sites.

That being said, there are advantages to renting single-family homes:

• They tend to rent faster.
• Sometimes the property owners will give the tenants renting the home the opportunity to buy.

Call Residential Leasing & Management Corp today at 832-585-8004 and let us help you rent your South Florida Single-family Home!