Should You Rent or Sell Your Miami Property?

1. Start with your goals and timing

Tell Raphael what you want the property to do for you. You may want to keep it for future use, generate rental income, or sell within a specific timeframe. Share the address, whether the property is occupied, its condition, and whether you would offer it furnished. If the home is occupied, bring the current lease dates. For a condo, share the association’s leasing rules if you have them.

2. Compare two estimates for the same property

Estimated monthly rent

Raphael reviews relevant leases and competing rentals, taking into account the property’s condition, furnishings, and the lease terms you can offer.

Estimated sale price

Raphael reviews comparable sales and competing listings to estimate the price the property could achieve, taking into account its condition and features.

The estimates are based on comparable properties and the information available at the time. They help you compare your options before deciding whether to list.

3. Choose the next step that fits your plans

Review the estimates alongside your timing, the work needed to prepare the property, and whether you want to keep the option of using it later. If you decide to lease, Raphael can discuss pricing, presentation, showings, and tenant placement. If selling better fits your plans, the conversation turns to pricing and preparation for sale.

How one Biscayne Point owner made the decision

The owner of 1560 Cleveland Road considered selling and chose to keep the home. Raphael coordinated showings while it was occupied and negotiated a 12-month lease at $19,000 per month. Read the Biscayne Point case study.

Talk through your Miami property

Start with the address and a brief note about what you’re weighing. Learn more about Raphael Sitruk or read the owner’s checklist for comparing renting and selling.

Discuss Renting vs. Selling