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If I rent an apartment in Miami who pays the property tax?

Answer

The landlord usually pays the property taxes and maintenance fees.  Many condos have water included.  Expect to pay for electric for sure.Please be sure to use a Realtor when leasing in South Florida.  They should be using the newest version of the FAR lease (July 2010) to write your contract.  It is not advisable work out a "deal" with the landlord directly.This new contract to lease is very comprehensive and spells out every aspect of who is responsible for costs and maintenance at all levels.

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how do you find comps

Answer

Comps are usually found by the following (in approximate order):1) Within 0.5 miles2) Within the last 3 months3) Solds are top indicators, pendings next, listings are nice to see competition but rarely are accurate these days.4) Home size (within 10%)5) Lot size (within 10%)6) # of bedrooms and baths (+/-1)If comps can't be found using above, then the specs are expanded a bit.  For example, you may need to go out 5 months to get Solds in the area.I use the MLS first, but often need to look at local public records to account for FSBO sales.

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