La Perla

Typically, condominium buildings are managed by third party companies. We rate management based upon client feedback, response rates, efficiency, plus our experience working with management.  

 

How do we know? In almost every lease, purchase or sale transaction, we spend a considerable amount of time dealing with management to process applications for occupancy and condo approvals for our buyer clients. We have the inside scoop on management!

The most important factor affecting the value of real estate is location. In broader terms, the location of a condo building connects it with market demand and sets it apart from its competitors.

 

How do we know? We are intimately familiar with each and every one of these neighborhoods and condo buildings in the Ross100. Additionally, we are aware of the expected growth patterns in each area, current and future competition, and how each buildings location compares to competitive areas.

We rate rent friendliness based upon renting potential. The main factors include: number of leases per year, minimum number of days for each lease, existence of different rules for renters and owners, attractiveness of building and location to renters. An average, or three star rating, implies that an owner can rent out their property, twice per year with a minimum term of 180 days. This is the most common lease restriction for condos in Miami.

 

How do we know? We have advised many clients on their investment properties and have hands on experience dealing with renters and property management as well. Rentability is very important, especially to an international investor. We have the inside story, knowledge and experience on which buildings will work for our clients.

The pet friendly rating is based upon permissibility of pets for owners and renters, or both. An average rating implies that there are pet restrictions in place, which may include the number of pets, weight, type, breed, walking pets through common areas etc. Note: many buildings allow pets for owners but not renters.

 

How do we know? Not only do we have access to the rules and regulations of each building, but we also have extensive experience finding properties for clients with a variety of pets. As animal lovers, we know how important this can be.

Based on our experience, one of the most overlooked facilities of any condo building can be the parking situation. Many of our newer buildings have several levels of parking and it can be quite stressful to navigate. If this is the case, you may spend a significant amount of time each week driving in the garage.

 

How do we know?  We have parked in these buildings and know what to expect. Additionally, we often receive feedback from our clients on any challenges to park in their assigned space. Some buildings offer dedicated parking for motorcycles, and in others they may allow valet parking for all vehicles only.