What you need to know about

Short Term Rentals in Miami

Helpful Tips Before You Start Searching

#1 If you're getting a loan, understand the Financing Rules

Condominiums that allow Airbnb have different financing rules and will probably not qualify for a traditional conventional loan (Fannie or Freddie) or require a larger down payment. Make sure you speak to a lender and have some upfront discussion before you start looking at properties.

#2 Condo-Hotels, “condotel”

Condo-Hotels are a great option since the buildings are designed and operated already for short-term. If you need financing Condo-Hotels are very difficult and almost impossible to finance. Most buyers purchase in cash. These properties also may have specific rules if you want to self-manage your unit instead of using the hotel's management program.

#3 Consider New Construction

Many new developers are now building condos that allow short-term rentals/airbnb as part of the amenities of the building. Benefits of buying pre-construction allows you to get in early at developer "early-bird" pricing and you get to pick exactly which unit and floor.

Don’t tour unrepresented

New construction is EXCITING but please contact me BEFORE you start looking or visit a sales office. Many times buyers find themselves surprised when they get to the contract and see hidden fees. Remember: The sales office only represents the developer and you are at risk when unrepresented.

#4 Miami Beach is zoning is NOT favorable for airbnb

There are only certain areas that are zoned for rentals of a period less than 6 months. Most condo buildings are not eligible for financing. If you want a STR in South Beach be prepared with cash

Pick a location to view STR collections

Edgewater

How many times can I rent my unit per year?

Below is a list of the most popular Miami condo buildings that allow rentals less than 6 months. Condo rules may change so it's still important to verify with the association and review condo docs after going under contract.

Midblock - Midtown Miami 

Daily Rentals (No Rental Restrictions)

The Grand - Edgewater

Allows Monthly Rentals (30 day minimum lease 12 times a year)

Opera Tower - Edgewater

Monthly

The Club at Brickell Bay - Brickell

Daily Rentals (No Rental Restrictions)

Brickell House - Brickell 

Monthly

Sail on Brickell - Brickell

Monthly

Icon Brickell Tower III - Brickell

Allows Daily Rentals

The Edition Miami - Miami Beach

Monthly

W South Beach - Miami Beach

Allows Daily Rentals

Setai - Miami Beach

Allows Daily Rentals

Akoya - Miami Beach

Monthly

Bel Aire on the Ocean - Miami Beach

Monthly

Roney Palace (1 Hotel) - Miami Beach

Monthly

If you'd like help searching for the right property schedule a call below.