Wednesday, October 4, 2017

Why Miami Riches will be the best partner for Property Management?

Getting your first home is probably one of the greatest feelings in a person’s life, but there are some things that take first-timers by surprise and that can complicate things a little bit. The maintenance costs (regular and preventive), monthly fees, finding tenants, and all the expenses that come since day one when you buy a property can become a major headache, and it isn’t even a money issue, but time instead.

Even if you are not a first-timer and you’ve been through this whole experience before, and you are thinking about buying a second property, what might change your mind is the thought of dealing with all the responsibilities. For investors in South Florida, we have good news… Miami Riches will be your partner all the way!

What differentiates us from other real estate companies in South Florida is the commitment we show through the whole buying/selling process. Even after the deal is done, we continue working with our clients; managing their properties and handling all the responsibilities and legal matters, working as intermediates if you are renting your home, and optimizing all the expenses to make sure that you save money and maximize your revenue. Why should you work with Miami Riches? Here’s the answer:

About our property management service:

1.      For starters, we will go through a screening process to help you find a really good tenant who pays on time, rent for a longer period of time, puts less wear and tear on the unit, and overall, one that causes less problems.

2.      We will also save you a lot of time by handling everything that may cause you any legal problem. Evictions, inspections, lease addendums, terminating leases, and handling security deposits are matters that can take a lot of time, and if they are not managed correctly, they can become a headache.

3.      Shorter vacancy cycles. Keeping your home occupied is a priority, but it’s easier said than done. We will market your home effectively, we will give you some advice on how to improve your home (cosmetically) so you can maximize your revenue, and what’s most important, set an adequate rent price (not so high that you will scare off potential tenants, but not too low either).

4.      We guarantee a regular cash flow by collecting the tenants’ monthly payments. We work as intermediates the whole time, so you probably won’t have to interact directly with your tenants unless there’s an out-of-the-ordinary situation.

5.    Fewer taxes are always good news for homeowners, and that’s definitely one of the best features of hiring our property management services. We will help you gather and organize all the documentation required for this process.

Our experience and professionalism will help you achieve all your financial goals, and in record time too. If you are a first-timer or if you already have some experience in the real estate market, our services will suit you perfectly. Contact us anytime and ask about our property management services.

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Wednesday, September 20, 2017

All You Need to Know About Little Havana

We are always talking about all the flavor the Latino community brings to Miami; all that color and warmth can be seen at Little Havana, a beautiful Cuban neighborhood where you can have fun, eat delicious food, meet amazing people and also invest. And if you would like to know all there is about this famous area in Miami, you’ll soon be able to visit Little Havana’s first-ever museum.

Finally, this community decided to create a Museum dedicated to the preservation of all its colorful history, interesting tales, artifacts and facts in one place, at Calle Ocho, next to the popular Ball and Chain bar. Soon, at the end of 2017, this time capsule will open its doors to the public, so everyone can learn about the social, cultural and political importance that this neighborhood brings to South Florida. You can’t visit Little Havana without visiting the Maximo Gomez Park, where you will probably see elder Cubans playing domino or chess while they reminisce old anecdotes about their beloved Cuba.

Little Havana is a 98% Latino community where you can smell delicious coffee in every corner and hear vibrant music in every venue. It’s a great place to go and have fun, but it’s also a great place to live if you are into the Latin lifestyle. This neighborhood is considered by many one of the most undervalued neighborhoods in Miami. The median apartment price in 2015 was about $200,000, which is a “low” price considering this neighborhood’s proximity to urban areas and public transportation that will take you quite quickly to some of the hottest places in Miami, including South Beach, only 8 miles away (where apartments cost over $1M). In 2017, apartment prices were expected to rise, but they haven’t so far. Rent prices, on the other hand, did go up to a median of $1,900, which was a great news for many investors in the area. 

This historical area in Miami Dade brings very good opportunities for first time buyers looking for properties to invest, and it’s also important to mention that this hard-working community is also very welcoming to everyone willing to contribute to this neighborhood’s growth and preservation. Whether you want to invest, eat delicious Cuban/Latin food, have a great and refreshing drink, or experience the colorful lifestyle of Cubans, you should definitely visit Little Havana. On the other hand, if you would like to live or invest there, you can contact Miami Riches anytime and we will help you find the perfect property for you and your family.

Monday, August 21, 2017

There’s No Better Place for Millennials than Miami

Miami has always been one of America’s most famous vacation spots. The beaches, the weather, the many fun things to do, the Caribbean atmosphere, and most of all, the people make it a great place to spend a summer (or any holiday) and a particularly amazing place to live. Apart from this, since the beginnings of the 21st century, it has also become a very attractive place to invest, especially in Real Estate, and the economic growth of the entire city is remarkable. Currently, a very large percentage of the investors in Miami are Millennials, and how could it not be? There’s no better place for these young generations to live, work, settle down and grow!

The term “Millennial” is all over the internet, television, printed media, and basically in our daily vocabulary. Many argue about its definition, although it is very simple: people who reached their adulthood in the first 2-3 decades of this century; to be more specific, everyone born, approximately, between 1980 and 2000. This is quite a wide range, and this generation has some peculiarities that everyone should take into consideration if one is planning on working with them, especially if you want to sell them something (anything!). Of course, this applies to the Real Estate business too, and in this article, we are going to talk, from our experience, about which type of properties they are interested in and which is their target when it comes to investments.

In a city where the median individual income is about $23,000 a year, many people (particularly Millennials) decide to rent instead of buying, but that’s not the only reason. Every year, more and more new buildings are constructed, and one thing most of them have in common are the many amenities they offer. Gyms, pools, electric car charging ports, common rooms with flat screens, conference rooms, Wi-Fi everywhere, recreation rooms, valet parking, and other things are great features everyone enjoys, especially younger generations, and usually this type of buildings are quite expensive. Rents, on the other hand, are reasonable and affordable.

Another reason why Millennials would rather rent is because of the flexibility. Normally, buying a new home automatically “binds you” to it, and these generations, with a lot on their plates, don’t seem to want to make definitive decisions like that for the moment. A rental is much easier to leave behind, and that’s a very popular feature we now see more and more often. Another thing to take into consideration is the maintenance costs when you own a property, something you don’t have to worry about if you rent. Millennials usually have very active lifestyles, and the less they have to do around the house, the better for them, this means: smaller apartments. Studio apartments, single apartments, single-space apartments and lofts are the usual choice for these young investors, and the most common place where you can find them is Downtown. Location is also an important thing for Millennials because they are usually quite involved with their community, and this means frequenting restaurants, bars, lounges, malls, or any space where they can engage in social interaction, places usually found in the center of the cities.
Anyhow, in Miami there’s a place for everyone, and this city can meet everyone’s expectations, but Millennials are taking over the investing world and they have put their eyes on this beautiful corner of America. If you would like to invest here, contact Miami Riches and we will guide you and help you find the perfect place!


Wednesday, August 9, 2017

Miami Riches makes alliances with Altius Triathlon Team

Recently, Miami Riches began sponsoring the Altius triathlon team, coached by the outstanding Cuban athlete, Boris Fernandez, who has been living in Miami for several years.

This idea comes after Carlos Rojas, director of Miami Riches and friend of Fernandez, began training with the team a year ago. Currently, Altius is made up of approximately 35 members competing in the Elite and Age Group categories. Although all are professionals in different areas and come from different parts of the world, they share a common passion: sports. 

With great pride, the Miami Riches logo now shows on the team’s backpacks and uniforms. This sponsorship has emerged spontaneously; with it, the brand is going for a new form of marketing to have greater exposure, in addition to supporting a group of good friends and promote a practice as healthy and rewarding as triathlon.

 Without a doubt, teamwork, continuous learning, discipline and perseverance are the keys to success in both sports and the real estate business. That is why Miami Riches will keep including initiatives like this one in their marketing plans

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