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Archive for the Category ◊ Miami Rental Market ◊

• Monday, June 29th, 2009

Miami Fl

We have over 45 properties available for rent in the Miami, South Dade, South Miami, Homestead, Goulds and Florida City area. These rental properties are offered to Section 8 tenants with no deposit requirements. Properties have already passed inspection and are ready for occupancy.


There are 3 bed 2 bath available for only $1,000 a month and 2 bed 1 bath for only $700 a month. Section 8 tenants are required to stay at least one year as per HUD guidelines with mutual agreement. Tenants may renew the Section 8 lease after passing a yearly inspection. Section 8 tenants bring you voucher and we will pick up the difference if less than $100 dollars per property.


This is an excellent opportunity for Section 8 voucher holders to rent with no money out of pocket. Now Section 8 tenants can upgrade from one bedroom to the two bedroom units since the rental price is under the Section 8 price guidelines. Section 8 tenants can also upgrade from 2 bedrooms to three bedrooms.


These rental properties will rent fast since Section 8 is currently paying about $1,469 for a three bedroom unit and $1,200 for a two bedroom unit. The no deposit requirement is an additional incentive to Section 8 tenants to rent. We welcome Hialeah Housing Authority, Miami Dade Housing Authority Section 8, Homestead Section 8, Miami Beach Section 8 and all other related voucher and assistance programs.


Call Hector Lesende at (305) 300-7788 for details.


Hector Lesende is owner-licensed real estate broker in Miami, Fl. Serving Miami real estate, Miami Lakes, Coral Gables,  Hialeah,  Miramar, Miami-Dade and Broward Counties. We provide a South Florida Foreclosure List. We are HUD registered brokers. We offer Miami South Florida Eviction Services.

Category: Miami Real Estate, Miami Rental Market, Section 8 |  | Tags: , , , , ,  | 7 Comments
• Tuesday, March 03rd, 2009

snake Renewal Rental Commissions I have sticky situation with a Miami Lakes Realtor who works for a national franchise. We have an executed contract in one of my rental properties and the Realtor did not give me the escrow money and took the tenant to another property to rent. The Realtor was not happy with getting a rental commission. He demanded a commission for subsequent renewals or else.

I had listed the Miami Lakes property in the MLS and this Realtor showed it while the property was still rented and presented me a lease agreement signed by the tenants. I went to his office to exchange the keys for the money.  I signed the lease agreement and we had an executed contract. We agreed the starting date was March 1, 2009. The rent was $2,000 dollars a month with a year lease.

I asked the tenant in the back to leave since I had rented the whole house. The old tenant gave me the keys Thursday night. The Realtor emailed me and said he had the lease agreement signed and he had $6,000 dollars in escrow. He would deduct his $1,000 commission and give a check for $5,000 dollars. We would exchange the keys and the money.

We met in his office on Friday night. The Realtor gave me the lease agreement signed by the tenant and I signed it as a landlord. I also signed the contract to lease where it specified his renewal commission policy. I gave him the keys and asked him for my money. I did not receive the money in escrow and the house remains vacant and not rented. We have an executed contract and the Realtor did not give me the escrow money and took the tenants to another property.

The Realtor insisted I had to sign a renewal agreement where he would get paid on subsequent year’s renewal. He would get a commission every time the tenants would renew the lease. I objected at first and said that the rental commission was not renewable. It was only a one time lease and no renewal commission was allowed. The Realtor became very upset and said if I did not sign the renewal commission agreement he would take his clients and rent them another house. Reluctantly I signed the lease agreement and the renewal agreement. I was forced to sign since I did not want to lose the tenants.

We had another tenant interested in renting the property but did not rent to them because I had signed a lease agreement already with the Realtor. Also I asked the old tenant to leave because the new tenants wanted the whole house by March for 01. Now I am stuck with no tenants and a vacant house.

I have been blind sighted, blackmailed, ignored, and wronged by this Realtor. He never gave me the escrow deposit. I have called him many times and emailed him. I told him I was considering reporting his actions to the DBPR, FREC, and bring him up on ethics charges. I also told him I was considering taking legal action against him for damages. He has not answered any of my emails and telephone calls.

Is this ethical behavior? – The Realtor demanded renewal commissions or else he would redirect the tenants to another property even though we had an executed contract.

This Realtor is a piece of work. He said he was trained by the best and if I did not sign a renewal agreement the deal was off. Who does he think he is? What gives him the right to make decisions for the tenants with an alternative motive? How can he ignore an executed contract?  The tenants signed the lease and gave the deposit. Who is he to decide for them? Can he blackmail the landlords in this manner? Should he be allowed to demand a commission intefinitely. Tomorrow I will call our attorneys and the DBPR so they can tell me the proper way to proceed. In the future if the Realtor demands renewal commissions I would walk away immediately.

Hector Lesende is owner/licensed real estate broker in Miami real estate  Serving Miami, Miami Lakes real estate, Coral Gables real estate, Hialeah Real Estate Miami-Dade and Broward counties. We offer a South Florida foreclosure list  Property Search

Category: Miami Real Estate, Miami Rental Market, miami lakes rentals, miami rentals |  | Tags: , , , ,  | 3 Comments
• Tuesday, January 20th, 2009

homestead Miami Renters Number One Question   Is The House In Foreclosure? Renters are caught in the middle of the real estate foreclosure crisis in Miami. The number one question potential tenants ask is, is the house in foreclosure? The same scenario is evident again and again in today’s Miami real estate rental market. Renters are paying the rent on time yet the landlords have not paid their mortgage and the property is now in foreclosure. The tenant received a letter from the bank or a visit in person from a bank representative. The tenant is informed that they have to leave the house in less than 30 days. The landlord refuses to return the deposit and sometimes even demand the tenants to keep paying the rent.

 

The tenants produce a lease agreement and proof of payment receipts but it is rejected by the bank. The bank does not honor the lease since they did not sign it and the rental payments were made to the landlord who never paid the bank. The tenants are told by the bank not to pay the rent and are told by the landlord to keep paying the rent or face being evicted. The tenant calls their Realtor desperately to find a place to rent before it is too late.

 

I can hear the desperation in the tenant’s voices when they call. They need a place to rent immediately. It is not unusual for the tenants to rent the first property that I show them. Price, location, number of bathrooms, and repairs is not the issue; their number one concern is whether or not the property is in foreclosure. Tenants want some assurances and proof from the new landlord that the mortgage and property taxes are current. Proof of payments must be provided by the landlord before the tenants give the deposits.

 

If it is too good too be true just walk away. The tenants find a huge single family house on their own with 4 bedrooms 2 baths in Miami Lakes for $1,200. A property like this would rent for over $3,000 so the potential tenant must be very careful. This is the latest scam where the property is already in foreclosure and the owner is trying to over $5,000 dollars from the potential tenant before the bank takes over. Usually the tenant has less than one month before being evicted.

 

The list of tenants in this situation is staggering. They have to rent a house in one weekend. Tenants need a place to rent immediately. This scenario will not change anytime soon since the number of foreclosures in Miami keeps growing. Now the tables are turned in the Miami real estate rental market and it is the potential tenants that are screening the landlords.

 

Hector Lesende is owner/licensed real estate in Miami real estate. Serving Miami, Miami Lakes real estate, Coral Gables real estate, Hialeah Real Estate Miami-Dade and Broward counties. We offer a South Florida foreclosure list.

 

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