Saturday, February 24, 2024

Two options to get an affordable rental in Florida

In the state of Florida there are two options for immigrants looking for an affordable rental: efficiency and studies. These alternatives have developed and been widely accepted by the Latino community in recent years. Here we mean.

In the case of efficiency These are spaces attached to a main house or large garages equipped for living. They have a separate entrance, kitchen, bathroom and small living room, parking for cars and include all basic services.

According to data from Fair Market Rental or FMR (for its acronym in English), this alternative consists of between 1,100 and 1,400 dollars per month, depending on the space and its conditions. They are usually set up for two or three people maximum, as agreed between the tenant and the owner.

For studios, this is a small option suitable for one person, maybe two. It is equipped with the basics: kitchen, bathroom and there is no need to have a room division. Its price is between 750 and 900 dollars, depending on the size of the area.

These types of spaces are not offered by real estate companies because in theory they are sites that are not authorized by the authorities, except for Miami-Dade. However, it is common to see street signs and trails and even posts on social networks.

Lease requirements

One aspect you should know is that not in all cases there is a formal lease contract, in most cases they are verbal deals directly with the property owner. This shows that it is based on a relationship of trust that can end at any time, although the minimum rent requested is one year.

The advantages of efficiency and the studies are that people do not need a credit record in the United States, nor a social security number. All that is required is the identification of the person, payment of two months’ rent and in other cases a deposit for any damages incurred to the premises.

Regarding the monthly payment, most owners request that it be in cash and a receipt is signed by hand.

A temporary option

The rent of houses and apartments in Florida, depending on the city, ranges from 1,700 to three thousand dollars and more. In addition, the renter must consider the costs of the basic services they use: energy, water and internet. For example, an apartment with two bedrooms, two bathrooms, living room/kitchen and parking can cost $1,800 per month. With basic services, this income can exceed $2,100. In addition, all the requirements requested by real estate companies must be met.

A study conducted in 2023 by RentCafe in the United States ensures that in Florida, Miami and Fort Lauderdale are among the most expensive metropolitan areas to rent in the entire country. On average, renting in Miami costs $2,451, but there are rentals over $3,500.

With efficiency and studies, a person can save between 800 and 900 dollars per month and are options that allow them to strengthen the economy to improve their living conditions.

World Nation News Desk
World Nation News Desk
World Nation News is a digital news portal website. Which provides important and latest breaking news updates to our audience in an effective and efficient ways, like world’s top stories, entertainment, sports, technology and much more news.
Latest news
Related news