Looking for Qualified Property Management Companies in Miami, FL?

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Specialty # of Agencies
Single House or Condo 4
Apartment Buildings 8
Home Owners Association 6
Total Local Companies 14

The average rent for a 3 bedroom house in Miami, FL is $1,722.00. When you receive your requested free market assessment, compare the average rent to what a property manager expects your property to rent for before making your decision on which manager to hire.

Miami, FL Rental Market Overview

Vacancies Drop, but Miami Needs More Jobs and Less Rental Competition
Miami vacancies dropped to 3.5% in 2013, but projected job growth throughout the Miami-Dade County region isn't as strong as neighboring Orlando or Fort Lauderdale. That's one of the key reasons why Miami ranked near the middle of the 2013 Marcus and Millichap National Apartment Report (NAR). Some parts of the county, especially Miami Beach, continue to enjoy strong asset performance, but outlying areas may feel additional pressure as outside investors look for value entries and more new construction. Compared to other metropolitan regions, the Miami metro area has had low apartment unit construction. The NAR noted that only 1,000 new units were completed last year, which is the largest number of new completions in half a decade. The report anticipates more foreign investor interest from Israel, Canada and Latin America, especially relating to potential projects located in high density and beachfront locations.

Identify the Best Market Entry Points
We all can't be reluctant landlords who inherit immaculate beach homes next to Miami Beach, but Miami-Dade County does have some excellent single-home investment opportunities for those willing to tolerate hours of extensive research. Keep in mind that if you limit your searches to online property listings, you're probably missing out on some bargains. Expect to find deals beyond the dense metro regions and away from the beaches, but make sure that you have a plan in place to effectively market your property to tenants, especially since that predicted low vacancy rate applies more to the coastline and city than it does to Miami's outlying suburbs. Also remember that you're pitting yourself against full-time real estate pros during your bargain search. You're not the only one out there looking for deals. That's why a significant number of individual investors rely on Miami property management companies while searching for new assets. Property managers work with a variety of Miami clients, so they know local market conditions and sometimes even when new properties are poised to list. Property management companies also feature a range of services to help you balance the workload between your assets. That gives you more freedom to focus on the work your enjoy most, if that's any work at all. Learn more about Miami property management companies by reviewing the company profiles here and requesting your free information.

Top Single Family Managers

17891 S. Dixie Hwy, Suite 103
Miami, FL 33157

Managing: Single-Family : Multi-Family : Commercial
Highest income returns from short- and long-term rentals, since 1978.

17917 SW 97th Ave
Miami, FL 33157

Managing: Single-Family : Multi-Family :
Relieving you of landlord responsibilities while still allowing you to maintain property ownership and rental income.

P.O. Box 562691
Miami, Fl 33156

Managing: Single-Family : Multi-Family :
Specializing in Miami-Dade and Broward counties. We are committed to providing the most professional effective propert...

Top Multi-Family Managers

3436 N Miami Ave , Suite 1
Miami, FL 33127

Managing: Multi-Family :
Results Matter, we develop a tailored plan for your property to increase your bottom line.

17917 SW 97th Ave
Miami, FL 33157

Managing: Single-Family : Multi-Family :
Relieving you of landlord responsibilities while still allowing you to maintain property ownership and rental income.

17891 S. Dixie Hwy, Suite 103
Miami, FL 33157

Managing: Single-Family : Multi-Family : Commercial
Highest income returns from short- and long-term rentals, since 1978.

Top Association Managers

10112 USA Today Way
Miramar, Sunrise, Coral Springs, FL 33025

Managing: Association :
Is your community reaching its potential? Discover the possibilities of life with Associa..

9050 Pines Boulevard , Suite 480
Pembroke Pines, FL 33024

Managing: Association :
Our philosophy is simple: We'll make it happen.

12905 SW 132nd Street , Suite 5
Miami, FL 33186

Managing: Association :
Our full trained staff will handle your day-to-day operations and optimize your maintenance dues.

Additional Property Management in Miami, FL

12895 SW 132 Street, #103
Miami, FL 33186

Managing: Association :
Full service Community Association Property Management by a team of highly skilled bilingual customer service represen...

Managing: Single-Family :
Specializing in NICE Single family homes & condos in Nice areas.

1430 NW 15th Avenue
Miami, FL 33125

Managing: Multi-Family : Association :
Leveraging technology to stay ahead of the game and provide a better quality of living in your community.

12602 North Kendall Drive
Miami, FL 33186

Managing: Commercial
Ideal Management can help you out!

11401 S.W. 40th Street
Statewide, FL 33309

Managing: Multi-Family : Commercial
We offer boutique-style management services to our clients.

Managing: Multi-Family :
We successfully assist our owners and partners in strategic investments by adjusting quickly to market cycles, maximiz...

13200 SW 128th St. , Suite E-1
Miami, FL 33186

Managing: Multi-Family : Association : Commercial
Serving the needs of the business professional in Miami Dade County for over 20 years.


Q2 2015 Rental Ranking Report

The world-class beaches, numerous museums, vibrant nightlife, impressive cultural scene and business and international trade opportunities found in Miami have justifiably helped it earn the reputation of being a wonderful place to live, work and play. In fact, Forbes recently named Miami as the happiest city in the U.S. to work in.

Q2 2015 Miami Rental Market Update

In Q2 2015, Miami was the eighth-best housing market in the Southeastern U.S. for rental property owners and 37th-best in the country as a whole. Since Q1 2015, Miami retained its eighth-place ranking in the Rental Ranking Report's regional rankings for the Southeastern U.S. but dropped two spots in the national rankings.

Most real estate statistics indicate that Miami rental real estate is a lucrative investment. Miami rental prices jumped an impressive 6.45 percent year-over-year in Q2 2015, which was about 30 percent greater than the national average for that metric during that time period. Property values appreciated by an even greater amount, 10.73 percent year-over-year (more than twice the national average of 5.08 percent), a rate that was the third-highest in the U.S. in Q2 2015. Miami's moderately low vacancy rate of 5.70 percent (compared to the national average of 6.72 percent) and superb annual job growth rate of 2.83 percent (compared to the national average of 2.03 percent) further demonstrate that demand for housing there is quite strong and will likely remain that way for quarters to come.

Unfortunately, due to Miami's location in a region of the United States that is prone to tropical storms, rental property investors must take insurance costs into consideration when calculating the potential returns they could get there. The average annual homeowners insurance premium in Miami is over $2,000, the fourth-highest premium in the country. Forking over these thousands of dollars every year eats up a significant chunk of rental property owners' profit margins, making Miami a much less attractive metro for rental property investment.

Q1 2015 Miami Rental Market Update

The Q1 2015 Rental Ranking Report found that Miami is the eighth-best city in the Southeast for rental property investment and 35th-best nationwide out of the 75 markets it evaluated. House prices are booming in South Florida, and Miami and the surrounding Dade County are no exception. Prices climbed over 12 percent in Miami in the year ending in Q1 2015, the second-fastest price appreciation of home values in the country during that time. Miami's year-over-year job growth of 3.66 percent is also extremely impressive - the ninth-highest rate for that metric in the country. Rents have flattened out and, due to Miami's rapidly-rising home values, its rental housing cap rate must therefore fall. However, the Miami cap rate still remains at a respectable 6.95 percent, high enough for rental property investors to purchase homes, watch their prices increase and in theory get paid to wait! As a whole, the Miami real estate market is reasonably active, with homes for sale sitting on the market a median of 71 days prior to being sold. The median age of U.S. housing inventory is slightly lower, at 70 days.

What data is this Rental Ranking Report based on?

To calculate the statistics found in the Q2 2015 Rental Ranking Report, All Property Management gathered data, including the most recent government housing and jobs data, for 75 metros across the United States. Specifically, we looked at home vacancy, capitalization, home value appreciation and job growth rates, changes in rental prices, and the average number of days properties have been on the market to determine which U.S. metros will give investors the highest returns on rental investments. Click here to learn more about the Rental Ranking metrics.

Should I invest in Miami rental property?

Given how badly Miami was rocked by the 2007-2008 housing bubble burst, this is one of the best times in recent memory to invest in rental real estate in the Miami metropolitan area. Terrific home price momentum, strong job growth and an active real estate market suggest that there is healthy demand for rental units in Miami and that rental property owners can expect good rates of return there.

Thinking about renting out a property in Miami? Save time, avoid hassle and maximize your rental income by having a professional property management company operate your rental property for you. Click here to get a free quote from a local property manager or call 877-780-4510 to have the All Property Management staff get quotes for you.

All Property Management specializes in connecting rental property owners with professional property managers in communities across the United States. These property managers help set rental rates, advertise properties, screen and manage tenants, collect rent, manage vendor relationships and ensure compliance with local, state and federal housing regulations. They take the hassle and worry out of managing rental properties - all while maximizing rental property owners' rental incomes.