South Florida Rental Market

Rehabbing, Fix and Flip, Rental Properties
1

I used to live in Ft Lauderdale and was wondering how the rental market is in Broward/North Miami Dade for single family homes and condos. With the huge numbers of foreclosures there has got to be a large influx of new renters. Have the rents decreased just as the house prices have?

Do any of you use rentometer as a starting point to determine possible rents in a given area? If so, how accurate have you found it to be?

2

I haven’t heard of rentometer. I just use local newspaper ads to get an idea of what things go for. Generally people are going to ask “market” rent for an area. You’ll get a better idea if you start exploring what types of houses are renting in certain parts of town, but the newspaper is a good place to start.