 Could there be any nicer fantasy than living in South Beach? You may be surprised to find out that your dreams of south Florida living, rubbing elbows with your neighbors who also happen to be famous Hollywood actors, or musicians, or the hottest people the fashion world has to offer, may not be unaffordable. Another great choice for people who want to make a home in South Beach is to buy two homes, or buy one home and rent a condominium, apartment, or home. The benefit of this strategy is that South Beach is so popular that you can always find a tenant to live in the one home while you live in the other. Now you have your mortgage being paid by someone else! If you're planning to do this, it helps to have some basic knowledge of how the tenant/land owner relationship works in Florida. Although nothing can substitute for the advice of a lawyer, you can brush up on the general concepts.
 According to Florida statute, the property owner has certain responsibilities, as well as the tenant. The property owner has to provide a home that is considered habitable. This includes following all applicable health codes, and also maintaining the roofs, windows, screens, doors, floors, steps, porches, exterior walls, foundations, and so on, as well as the plumbing in useable states under normal conditions. You also have to provide locks, security, and smoke detectors. Don't be too concerned though! Although it sounds like a lot, the tenant has responsibilities too. He or she is required to maintain your property in a clean and safe fashion, adhering to applicable building and health codes. They also have to operate all appliances and plumbing in a normal and reasonable fashion. So what does all that mean? Well, in a nutshell, you have to make sure the toilet flushes, and the tenant has to make sure they aren't trying to flush an entire bag of concrete!
As with any business venture, you should always consult with an attorney before you set out to become an income property owner. It can be a terrific way to make money in South Beach, since this area is an extremely popular area all year long. You'll love the lifestyle you can afford when you invest in property in South Beach.
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South Beach Real Estate