Coral Gables Property Management

Property management fees in Miami typically range from 8% to 10% of the monthly rental income, depending on property type and services included. These rates usually cover standard management tasks without hidden charges.

Property maintenance is typically coordinated through licensed local contractors. Minor repairs under $300 are often approved automatically, while larger projects require prior owner authorization.

A thorough tenant screening process typically reviews credit history, rental background, employment verification, and proof of income (often 3x monthly rent). Many Miami properties require a minimum credit score of 650.

Rental income is commonly collected on the 1st of each month, with owner disbursements processed by the 10th. Detailed monthly statements outline all income and expenses for transparency.

Rental properties in Coral Gables often experience vacancy periods of only 5–7 days between tenants, thanks to proactive marketing that begins as soon as current tenants provide notice.