The average eviction costs $3,500, and $2,540 of that is rent you will never recover. Rent Protection does not make defaults disappear. It changes who carries the number when one happens.
Far more than a month of rent. A default in Miami is a chain: the missed rent, the weeks it takes to resolve, the empty unit afterwards and the cost of the turn — while the condo fee and the mortgage keep arriving on their own schedule, indifferent to what unit 704 did.
Put numbers on it. The average eviction costs $3,500, and $2,540 of that is rent nobody recovers. The turnover that follows adds $1,750 to $4,000. Then the unit sits: about $92 for every vacant day, 33 days on an average turn. One household's bad quarter can take a five-figure bite out of a single condo's year.
Meanwhile the fixed side of your month does not negotiate. Condo fees in Miami-Dade now average more than $1,900 a month, almost $500 more than the year before, and the building's own coverage alone runs $377 per unit. Management costs climbed more than 40% in a year. The margin that used to quietly absorb one difficult tenant is simply not there anymore.
Florida moves in fixed steps: a three-day notice that does not count weekends or holidays, five days for the tenant to answer, then a writ and twenty-four hours to vacate. Four to five weeks if nobody contests it, two to three months if somebody does. In Miami-Dade the filing alone is $185, plus $10 per summons, plus $115 for the sheriff — higher than neighbouring counties — plus service.
None of those weeks pause anything you owe, and none of them are rare enough to plan around. The real exposure for an owner with one unit or three is not that a tenant might stop paying — it is that your own month was built on the assumption that they never would. Protecting the rent exists to break that assumption, so a bad quarter downstairs stops being a bad quarter in your account.
One unit is not a small version of a portfolio. It is a concentrated one: there is no second tenant to average out the first. That is precisely why the arithmetic above matters more to you, not less.
Sources: RentCafe (Miami rental competition and occupancy, 2025); U.S. Census Bureau, ACS 2020-24 (Miami-Dade demographics and rents); CFPB (credit invisibility).
Your mortgage does not ask whether the tenant had a good month. Your rent should not either.
The principle, plainly. Grenty stands behind the rent obligation on the terms written into your agreement. Those terms are set out and visible before anybody signs anything.
What it is not. It is not cover for everything that can go wrong in a unit, and it never replaces your own decision about who ends up signing the lease.
Before, not during. The month a claim matters is the worst possible month to discover a condition. Everything you will rely on is on paper on signing day.
It means one thing, stated plainly: Grenty stands behind the rent obligation on the terms of the agreement you sign. Not a prediction about the tenant, not a promise made in a conversation — a written commitment, with its scope defined before anybody moves in.
What it is not matters just as much. It is not a decision about who lives in your unit: Grenty never buys an approval and never replaces your screening or your agent's. It is not a product that covers every possible loss in a building, and it is not a forecast dressed up as a promise. The terms — what is covered, under what conditions, how a claim is made — belong to your agreement, and they are agreed up front rather than discovered later.
Anyone can tell you the rent will arrive. The question worth asking of any arrangement is where that statement lives: in a phone call, in a relative's good intentions, or in a document with a counterparty, a scope and a procedure. Grenty provides a private contractual service — it is not a lender and not a bank — and what you hold at the end is an agreement that says what happens and who does it.
That is also why the price is simple enough to state in one line. Rent Protection starts at $399 as a single payment covering the entire lease term — not monthly, not renewed halfway — for rents up to $2,000 a month; above that it varies with the rent. Who pays it is settled deal by deal. Everything else about the arrangement lives in the document, which is exactly where it belongs.
Yes, and it works in your favor. The tenant signs knowing a third party is enforcing the obligation, which raises the cost of treating rent as the flexible line in the household budget.
No. The property is yours and every legal remedy in the lease remains yours. Grenty changes the financial consequence of a default, not your authority as the owner of the unit.
A private contractual commitment on the rent obligation, documented in the lease. Grenty provides administrative contractual services, not lending and not a co-signer's promise. What matters operationally is simpler than the label: the duty to pay you no longer rests only on one tenant's ability to pay.
No. It sits on the rent obligation, not on the condition of the unit. Damage is handled the way it always was, through your lease and through a dated record of how the apartment looked on the day the keys went out and on the day they came back. Those photos are the only evidence that survives an argument.
Late and unpaid are different things, and what applies to each is written into your agreement before you sign it. What you should do either way is act on the first short payment instead of the third. A dated log of every late date, every promise and every missing amount is worth more in month five than a good memory.
Tell us the day you find out, and re-list the same week. An early exit is a rent question, and what applies is set out in the agreement you already signed. The part that is entirely in your hands is the calendar: at roughly $92 a vacant day, the fortnight you spend deciding costs more than the decision.
One conversation, no commitment and no paperwork. Tell us where your rental stands today and we will show you exactly what changes on your side of the table.
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