A rental strategy for your Edgewater condo.

Compare the line, floor and view.

Start with recent leases in the same building, then broaden the search to genuinely comparable units. A direct bay view, a different line or a larger balcony can change the comparison. Condition, parking and furniture also need to be considered.

Current listings show the alternatives a prospective tenant can visit now. Keep them separate from signed leases and review any differences in term, included services or concessions.

A past Paramount Bay closing

Unit 1101 · 2020 N Bayshore Dr
2 bedrooms · 2 bathrooms · 1,588 sq ft
Rental shown in Raphael’s portfolio: $6,800 per month.

Presentation and access need a plan.

For a vacant unit, schedule preparation and photography before marketing. For an occupied unit, agree on showing access and consider how the current lease affects availability. Include the unit’s actual condition in the pricing conversation.

Furnished or unfurnished?

Compare the annual economics of each permitted option, including furniture, replacement, utilities and gaps between tenancies. A higher monthly rent on a shorter lease does not automatically produce more annual income. Verify the association’s minimum term and approval process first.

An owner can coordinate from elsewhere.

If you live in New York or abroad, identify the person providing access and gather the building documents early. Raphael works in Miami and New York and speaks English and French. Ongoing property management needs should be discussed separately from the leasing assignment.

See the leasing process, the pricing guide and the furnished versus unfurnished comparison.

Considering more than a lease? Compare renting and selling. For another property, explore Miami-Dade service areas and the house leasing service.

See the two Paramount Bay condo leases in Edgewater.