Let’s face it, Miami is expensive and seeking desirable cheap apartments in Miami, FL can be quite exhausting. The average one bedroom apartment is $1000 and up. Landing a good deal requires thinking outside the box, being patient and persistent. Some proven strategies that have lead to affordable rentals are:
Avoid Realtors When Seeking a Cheap Apartment for Rent in Miami.
Very few people have had great success in finding a cheap apartment in Miami with the help of a realtor. This is because the realtor’s commission is often very small or there is no realtor’s commission at all. Even if the property is listed with a realtor, don’t be afraid to speak with the owner for there is no rule prohibiting such contact. Sometimes speaking with the owner directly can reap great benefits as it did for Donald Trump when he negotiated a deal to acquire the 40 Wall Street Building in New York.
Avoid large rental communities with 50 or more units.
Large rental communities usually have large overhead which equates to higher rental rates. It is best to seek out condos that are independently owned or small apartment buildings that are being managed by the owner. Owner managed properties is the key to landing a good deal. Additionally, Condo Owners are more likely to work with a renter in terms of deposit and monthly rental amount. The rental rate is usually much lower than a traditional apartment, and condo rentals usually include cable, water, and internet.
Don’t assume the rental price is not negotiable.
Many renters assume that the advertised rental price is not negotiable, but that is not the case for many real estate owners seeking to rent their condos, townhouses, or homes. The bottom line is that the property owner is losing money if the property is not occupied. Make the property owner an offer. If the property owner rejects the offer, don’t feel discouraged just move on to the next property owner.
Visit Craigslist, Backpage, and Miami Ebay Classifieds
Everyday property owners are listing properties for rent on Craigslist. Craigslist appears to be a magnet for property owners. There are at least 100 or more new listings per day. Craigslist also has a search by owner feature that allows an individual to avoid viewing ads placed by realtors. Backpage and Miami Ebay Classifieds don’t have as many new listings as Craigslist, but they are still worth reviewing. Many cheap apartments have been located on these sites as well.