Turnberry Ocean Colony North

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!

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.

We rate accessibility based on the degree of convenience or inconvenience involved in accessing the condo building and various points of local activity. In other words, how is the access and exit from the property and immediate area.

 

How do we know?  We are constantly driving in these neighborhoods and are very familiar with the traffic patterns of each area. Additionally, we drive to and from the buildings in the Ross100 Condo Index several times each month. We know which ones are easy to access and which ones require some maneuvering or timing.

We rate each building’s amenities based upon the quality, variety and scale of amenities. Typical building amenities include swimming pools, fitness centers, spas, tennis courts, party rooms, concierge services, security, valet parking etc.

 

How do we know?   Not only have we walked through all of the amenities in every building in the Ross100, but we constantly receive feedback from our clients as well. For example, some pool or resort decks can be windy or receive minimal direct light at times, while other buildings have both a sunrise and sunset pool for maximum sunlight exposure during the daytime.

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.