Acquiring real estate for rent in Miami, guarantees some benefits such as the acquisition of an asset valued in the market and that can generate monthly income.

In addition to the climate considered ideal for Latinos, Miami is just a flight away from major Brazilian airports.

Economically speaking, Florida also attracts many residents as it is one of the states with the lowest tax rates.

In addition, in the US there are two income taxes, federal and state.

Florida has simply zeroed out this tax for its residents, meaning residents of the state only pay federal income tax.

All these issues, in addition to the beaches and paradisiacal landscapes, bring many people with the most diverse objectives to Miami: to live, to visit or to invest.

‍

‍

The profitability of Miami Properties.

Investors want to earn income by putting their assets to generate profit.

Whoever buys a property in Miami does not encounter difficulties due to the lack of tenants. Nor do locals, and even less tourists.

Thus, you can acquire a property for both residential and seasonal rental.

Miami attracts many real estate buyers precisely because it guarantees the necessary demand for the two characteristics that this type of investor seeks: income generation and high appreciation of the property.

‍

How to make a profit by renting from Miami Properties?

Renting your property to locals or tourists? This is a very common doubt among investors.

Both modalities are highly profitable and have their advantages.

It is up to the buyer to decide this even before the purchase so that the choice of unit to be negotiated is in harmony with this objective.

‍

Short term lease.

Short term rentals are those done for less than 181 days, where you can own a home and rent it out for short periods.

This investment is very interesting as, in some cases, the property itself pays for itself.

In other words, the value of the loan instalments and the property's expenses are covered by the income generated by the rental.

With this modality, the owner still has an option of own stay when visiting the city with family or friends.

Short term rentals tend to be the most lucrative, as you can rent several times a month, in different stay packages.

Miami has a great flow of tourists, people from all over the world visit the city at all times of the year.

Even in the months of "low season" (if you can use this term when it comes to Miami), there is still a good flow of tourists, due to the city's fame, which makes all travellers want to visit it.

And also by people who wait precisely for these less busy times to save on travel costs.

Furthermore, it is very close to Orlando, another Florida city that is highly valued and sought after by investors.

‍

‍

Long term lease.

Most residential properties can be rented out as long term, i.e. for more than 181 days.

Renting a property long term is renting for those who want to live in the city.

For those who wish to invest for this purpose, the advantage is to have a fixed and guaranteed income every month for the same amount, allowing the owner to make their income projections with more accuracy.

An important tip when choosing this investment profile is that you should consider the supply of schools in the neighbourhood.

In the United States, students must attend schools that are in the same neighbourhood as their home.

Consequently, houses located near good schools tend to appreciate a little more.

Therefore, if the option is for long-term rental, talk to your broker about it.

The proportion of city residents living in rented properties is 68% and more than half of Miami's households spend more than 30% of their income on rent.

In other words, we are talking about a large market, full of opportunities for those looking for safe and profitable investments.

‍

‍

Advantages of investing in the Miami real estate market.

In addition to the recurring income from rent, investing in Miami Properties is a way to appreciate your equity at a good rate.

Like several Florida cities, Miami's real estate market is among the top 10% most valued in the country.

Over the past 10 years, Miami properties have appreciated in value by 52.63%. This translates into an average annual rate of 4.32%. (data from 2020).

We emphasise that these are average and conservative statistics. There are properties that can appreciate by more than 10% per year.

The great economy of Miami

The profitability of investing in Miami real estate is provided by the city's huge economy.

The Magic City (as it is known) has the largest urban economy in the entire state and ranks 12th among the largest economic centres in the country.

This booming economy generates a huge demand for professionals in various sectors and this attracts many people to the city.

In other words, the search for property is frequent.

Miami's projected job market growth is higher than the national average.

It is estimated to increase by 42.7% over the next 10 years. While the American average is 33.5%. Almost a 10% superiority.

This demonstrates the strength and economic potential of the city.

‍

‍

High population growth rate.

Florida's cities never stop growing, and Miami is no different.

Every year, more people move to Florida.

The forecast is that in the next two years alone the state will have an increase of more than 700,000 new inhabitants.

Expanding labour market.

This item is one of those that justify the previous one.

The job market in Miami attracts many new residents.

The Florida government invests heavily in advertising to encourage more people to migrate to the region, and Miami has a special place in this process.

High quality of life.

Miami offers safety, infrastructure, education and job opportunities.

These factors combined with the tropical climate and the beautiful beaches, create the ideal environment for those seeking more quality of life.

Huge property market.

If the flow of people is great, consequently this has great reflection on the demand for real estate.

Aligned to this are the rental prices practiced in Miami, which are 10% higher than the national average.

Investing in the Florida real estate market is a guarantee of income, growth and protection of your assets.

‍

If you are looking to invest in Miami, we have the structure you need: the best developments and experienced professionals in the market to assist you throughout the buying process.

Click here and talk to one of our agents.