A guide on choosing an apartment in Miami

Searching for an apartment in Miami can be daunting for a first-timer who has no idea what to expect. Apparently, Gene Bernshtam and his real estate firm are expanding their business in that place. So, for those of you who are planning to move to Miami, here are a few tips to consider.

Average rent

The cost of a 1-bedroom apartment in Miami averages around $1,800 per month. It also depends on the type of neighborhood where it’s located. In Little Havana, the monthly rent is about $1,400. In downtown Miami, it can go for $2,200.

Working with an agent or doing it solo

In Miami, it is the norm to have an agent assist you in your apartment search. Landlords pay these agents to connect you to the unit available. Agents save you the time and hassle of doing it alone. On the other hand, doing it solo is favorable if neither you nor the potential landlord have an agent as representatives. If you know the area pretty well, searching for an apartment alone could be okay.

Finding affordable apartments

Gene Bernshtam reminds everyone to be honest with their agent. Let them know your budget so they can find an apartment that fits your price range. At the onset, a discussion about the budget can help them determine if it is realistic based on current market prices. Friends can also be a useful source of information on available rentals. Search early for at least a few months, but seal the deal quickly, once a good opportunity presents itself.

Gene Bernshtam has been a CEO of a number of companies. He currently leads Avalon Holdings LLC, a commercial real estate investment and development firm, specializing in apartment buildings and mixed-use properties. Avalon looks to expand its operations in Chicago and Miami. For more about Gene, you may visit this website.