Rental Basics in North Miami>Question Details

Mia5063, Home Buyer in Hollywood, FL

In North Miami and North Miami beach area, what room type is in demand in rental market? one bedroom or two bedrooms?

Asked by Mia5063, Hollywood, FL Thu Jan 31, 2013

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2
We rent both 1 and 2br, as there are many different tenants.
Historically, price per sqft on the 1br is higher than on a 2br, and a 2br can be rented for more.
So, if ROI is working for you, I'd say 2br is a better investment.

However, this depends on what you can afford to buy as well.
So, do your best in the context of your life - and make sure that you have a
great professional realtor on your side!

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
IrinaKaran@gmail.com
0 votes Thank Flag Link Mon Mar 11, 2013
To me, the more important question is what is the return on investment. If you price the property correctly, you should always be able to rent your unit- regardless if it is a 1 or 2 bedroom. A 2 bedroom is more likely to attract a small family which is considered more stable, while a 1 bedroom is more likely to attract a single person. In any case, you should thoroughly screen your applicants.

Give me a call, and we can run through the numbers.
0 votes Thank Flag Link Fri Feb 1, 2013
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