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Renter's Guide to Leasing in Miami

April 23, 2019

Key in palm

In the case that you are thinking about leaving your parents’ home and setting out on a new adventure called living on your own, or with roommates, you need to prepare for the life of a renter. In order to help you prepare in the best way possible, here we are providing you with a basic renter's guide. It is our hope that, having read this article, you will be ready to start looking for an apartment to live in. There are many different aspects of renting that you should look out for before renting a home. We are going to try and present you with as many of them as possible. Still, it is going to be necessary to gain some firsthand experience before you can call yourself a renting expert. 

Miami skyline seen from the ocean

What you need to pay attention to when renting a home

There are many people on this Earth that are renting their homes. There are also those who are not renters at the moment, but they are thinking about becoming one. So, what is the first thing that they should think about before starting to look for a place of their own? If you thought the location was the correct answer, this renter's guide is going to prove you wrong. Firstly, you need to determine your budget. Only after you have done that will you be able to move on to defining other aspects of your rental:

  • The requirements for renting
  • The type of home you are looking for
  • Location
  • The state of the house or the apartment
  • The type of landlord is going to play an important role in choosing your new home

Choosing whether you are going to require professional moving help from highly-rated moving companies like Orange Movers Miami is the last step in the process.

Determining your budget

First of all, you need to know how much money you are going to have on your disposal on a monthly basis. Out of your paycheck, you are going to have to pay for your rent, living expenses, and other daily needs.

Therefore, be truthful to yourself when making your calculations. It is always better to rely on having less money and making sure that you can make it that way. In this renter's guide, we are going to advise you to regard everything else that you can spend on top of that as a bonus. Of course, do not spend it right away if you do not have to, but save as much as you can. In order to save when relocating, make sure to obtain free supplies for your move. It will leave you with more money to invest in your new living space.

Renting requirements

Before you set out to rent a place for yourself, you need to make sure that you meet the set requirements. These can differ among landlords. Some are not going to ask you for more than a couple of months of rent up front. Others may be slightly more administrative.

Renter's guide: determine your budget right at the beginning

  • Usually, you would have to have a credit score higher than 620 in order to rent an apartment.
  • Your yearly income, according to the renter's guide, should be at least 40 times the price of your monthly rent. This, however, is one of the requirements that can be negotiated. This calculation is, still, one of the ways that landlords ensure that their tenants will not have issues with paying the due rent.
  • Security deposit is something that is a standard.
  • The minimum age for signing a lease is 18. If you are younger, you are going to need a co-signer such as a parent.

The type of home that you are looking for

When it comes to the type of home that you will be looking for, there are a few different characteristics that you are going to need to pay attention to.

  • In the case that you are going to live by yourself, our renter's guide is going to suggest looking for an economical solution. The apartment should be large enough to feel comfortable, but not too large as to not be too expensive.
  • If you are looking for a place to live in with a roommate or more of them, make sure that everyone has a room of their own. Privacy is underrated!
  • Lastly, if you are looking for a single-family home in Miami, think about the needs of all of you who make up that family. If you can afford to rent a house, go ahead and do it.

Location

There are many people who move because of where they work or where they are going to school. Location is crucial when renting a home. Therefore, be open to yourself about your needs and look for the best location that you can afford. That's right, beach life can wait.

Hands holding a map

The state of the house or apartment

This is an important one. Making sure that the home that you are going to be renting is in a good state should be of your utmost interest.

First of all, it is not healthy living in a place with mold, for example. Furthermore, make sure that the installations in that home, such as plumbing, are in working order. Check every detail possible in order to enjoy living there. You would not want to pay for something that you did not break. So, keep your eyes wide open. Write down anything that needs repairing. Lastly, do not move in until such things have been taken care of.

Renter's guide: Choosing the landlord

Finding a decent landlord can be very difficult. People are very protective of their properties, but, at the same time, can be unwilling to invest in them. Therefore, talk to your potential landlord and find out what he or she is like. After you have chosen the place, agree on house rules with the property owner. The last thing you want is having him/her over all the time. Once a month, when you are paying the rent, is more than enough.

Conclusion

Renting a house or an apartment is a big step in everyone's life. Although a difficult one, you can make it simple. Therefore, follow the pieces of advice given in this renter's guide and choose your new home wisely.

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