Landlords
Rent out a Miami condo
Owners deciding to lease, list, screen, and manage a condo rental. Check whether the building even allows it, price with real expenses, screen hard, then run the lease like Florida law requires.
1. Getting started
Usually 1–2 weeksConfirm rental caps and waiting periods before you count on income. Then run cap rate with HOA, tax, and insurance — Miami’s three silent expenses.
- Read the declaration for leasing rules, minimum terms, and Airbnb bans.
- Run cap rate and rent vs sell with current dues and insurance.
- Learn Florida deposit rules and the Miami-Dade Tenant Bill of Rights.
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2. Going live
Usually 1–3 weeks to launchMake-ready, price, photos, and screening. The association is a second landlord — applications die when the board packet is late or incomplete.
- Price against leased comps in the same building, then set deposits clearly.
- Screen income, credit, and fraud — then send the HOA package the same day.
- Use a Florida Realtors lease you actually understand.
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3. Occupied
Through the tenancyDeposits, notices, repairs, and renewals. Florida is form-driven. A sloppy 3-day notice or a late deposit return costs more than a month of rent.
- Hold and return deposits on Florida’s clock; put claims in writing.
- Use proper notices for nonpayment — email is allowed now, but the form still matters.
- Start renewal talks 60–90 days out; HOA recertification of tenants can take time.
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4. Turnover
Usually 1–3 weeks vacantWalkthrough, deposit accounting, make-ready, and re-list. Photos from move-in are what make a fair deposit claim stick.
- Do a documented walkthrough against the move-in checklist.
- Return or claim the deposit within Florida’s deadlines.
- Price the next lease using current comps, not last year’s rent.
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