Rental property owners would be hard-pressed to find another apartment market where they could charge monthly rates substantially higher than nearly every other market nationwide and still see demand for leasing remain high than in Miami.
Famous for its luxurious beaches, high-class shopping venues, comfortable climate and lively culture, the metro Miami area is one of the country's hottest spots for property investors and renters.
The Magic City is the right locale for many renters who seek a respite from cold weather and bland amenities a number of other apartment markets offer. And for investors, securing a property in the Gateway to the Americas could yield big-time revenues.
Aside from having beloved features and attractions, including well-loved pro sports teams, international cuisine spots and the renowned Art Deco District, Miami is a considerable economic center where businesses from all over the world operate.
With residential and commercial construction taking off in the city in the past decade, the opportunity for investors to obtain a marquee property and renters to lease a stylish unit is there for the taking.
Property Management in Miami
One of the many industries conducting business in the Miami area is property management companies. This strong presence of management firms in the city is due to the rapidly growing apartment sector.
Miami property owners who feel they need help running their residences and meeting their tenants' needs and requests should look into hiring one of these businesses to give them a helping hand.
Miami Rental Market at a Glance
Rent Growth, July 2011: 6.5 percent annual increase
Job Growth, July 2011: 1.7 percent annual increase
Effective Rent Growth, July 2011: 6.2 percent annual increase
Rental Occupancy Rate, July 2011: 95.9 percent
Statistics courtesy of Axiometrics.
Finding Miami Property Management Companies
Looking for property management companies in Miami? Just give us your property type and zipcode, and we'll show you the companies who service your area. Get free quotes from property managers who interest you.