Trump Royale

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 financing rating is based upon the availability and ease of conventional financing in each building. Factors include: existence of recent sales in the building where buyers have obtained conventional or foreign national financing, Fannie Mae or FHA approval of the building, the “warrantability” of the project, and other lender risk factors considered in the underwriting process (such as owner to renter ratios, building reserves etc.).

 

How do we know?  We have considerable experience in dealing with conventional and foreign national financing and have successfully concluded over $250M in closed transactions with purchase money mortgages. Additionally, we have also researched the most recent sales data for all the Ross100 Condos to bring this information to you.

The walkability rating is based upon how friendly an area is to walking and the degree that developed environment is friendly to residing in the area.

 

How do we know? As an avid road cyclist and long time resident of many years in and around these areas, plus all of the feedback that we receive from friends and clients, we have our ears open and feet to the ground in the Ross100 neighborhoods. Some of the factors that influence our score include the availability of green space, safety, sidewalks, traffic patterns, as well as the presence of people, shopping, visiting or seeking entertainment options in the area.

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.

The security rating is based upon the levels or layers of security present to access the premises and the individual condo units. Factors include: guard gates, 24/7 roaming security guards, 24/7 concierge, secure parking, private elevator access, fingerprint elevator access, garage and common areas security.

 

How do we know? As we have to clear and negotiate the different levels of security when visiting clients, friends, or working with buyers or seller, we have first-hand experience with all of the buildings listed in the Ross100.