Windstorm, flood where elevation says so, and roof-age surcharges make insurance Miami's defining cost line. Quotes vary block-by-block; underwrite the actual address and favor newer roofs and impact openings — they pay for themselves in premiums.
Condo investors: HOA fees plus the new era of funded reserves and milestone-inspection assessments belong fully in your math. An underfunded association is a deferred bill with your name on it.
AC running cost (tenant-paid usually, but equipment cycles are yours), dehumidification in vacancies, and mold-prevention vigilance. A failed AC in a closed Miami unit grows problems in days.
Strong seasonal leasing demand, short vacancy in rentable buildings, and make-readies fighting sun and salt. No state income tax flatters the after-tax picture; insurance takes its share back.
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