The short-term rental market in Doral, Florida, is thriving, with strong demand and regulatory frameworks in place, offering investors potential for high revenue, particularly through strategic pricing and additional service offerings.
Thriving Short-Term Rental Market in Doral, Florida
Doral, Florida, is experiencing a robust and lucrative short-term rental market, driven by its appealing location and stringent yet supportive regulatory environment. While specific occupancy and average daily rates for Doral are not as detailed as those for nearby areas like Miami, the overall trend in South Florida suggests a high demand for short-term rentals. In nearby Miami, for example, short-term rentals achieve an average daily rate of $308.8, with peak rates reaching $362 in February and March, and an average occupancy rate of 57% that can rise to 68% during peak times.
In Doral, the city's ordinance ensures that short-term rentals are well-regulated, which helps maintain a positive experience for both hosts and guests. The requirement for registration and adherence to noise ordinances, parking rules, and safety standards contributes to a well-managed and attractive market for short-term rentals. This regulated environment, combined with the area's appeal, makes Doral an excellent location for investors and travelers alike, promising strong revenue potential and a high quality of service.
Short-Term Rental Regulations in Doral, Florida for 2024
Definition of Short-Term Rental
- A short-term or vacation rental is defined as the rental of any single-family home, condo, townhouse, or multi-family unit for a period between 7 days and 6 months. Stays shorter than 7 days are not permitted.
Registration and Licensing
- Property owners must register the property with the city and obtain a Certificate of Use prior to listing it.
- Initial application fee: $136.17
- Annual renewal fee: $36.70.
Required Documents
- Proof of ownership (e.g., deed or property tax bill)
- Copy of the property owner's driver's license or government-issued ID
- Written notification to the HOA or condo association
- Diagram or floor plan showing the location of fire extinguishers, smoke detectors, and emergency exit routes
- Proof of resort tax registration with the Florida Department of Revenue.
Safety Requirements
- One fire extinguisher for every 1000 square feet of indoor property
- A fire sprinkler system approved by the Miami-Dade Fire Department.
Compliance with City Ordinances
- Adherence to parking ordinances: all vehicles must be parked in the driveway
- Compliance with noise ordinances
- Adherence to trash collection schedules: no garbage containers at the curb before 12:00 PM the day before pickup, and containers must be removed before 11:59 PM on the day of pickup.
Affidavit of Compliance
- Property owners must sign an affidavit certifying that the short-term rental unit is in compliance with all applicable city ordinances and regulations.
Limitations on Registrations
- No more than three registrations issued per property within a 12-month period.
Enforcement and Penalties
- The city actively enforces these regulations, and violations can result in fines:
- First violation: $500
- Second violation within 12 months: $1,500
- Third violation within 12 months: $5,000
- Fourth or greater violation within 12 months: $7,500.
Additional Requirements
- Collection and remittance of resort taxes to the Florida Department of Revenue.
Top Airbnb Revenue-Generating Neighborhoods in the Miami Area (Including Doral)
While Doral itself may not be the primary focus of the provided sources, the surrounding neighborhoods in Miami that are often considered in the broader context of Doral's vicinity are significant for Airbnb revenue. Here are the top neighborhoods and why they are appealing to guests:
1. Brickell
- Average Daily Rate (ADR): $314.8
- Occupancy Rate: 61%
- Appeal: Known as the "Manhattan of the South," Brickell is a financial hub that attracts both business travelers and tourists. It offers high-end amenities, restaurants, bars, shops, and entertainment options. The area features luxurious condos, a vibrant nightlife, and easy access to Brickell City Centre and Mary Brickell Village.
2. Coconut Grove
- Average Daily Rate (ADR): $312.9
- Occupancy Rate: 63%
- Appeal: Coconut Grove provides a peaceful ambiance with a high occupancy rate. It is attractive for its tranquil environment, proximity to the beach, and a variety of dining and shopping options. The neighborhood is particularly appealing for families and those seeking a more relaxed atmosphere while still being close to Miami's amenities.
3. Little Havana
- Average Daily Rate (ADR): $178.5
- Occupancy Rate: 58%
- Appeal: Little Havana is a cultural hub known for its Cuban heritage, rich music scene, and culinary delights. Guests are drawn to its unique cultural experiences, including Domino Park, Calle Ocho Walk of Fame, and the Tower Theater. It is a more budget-friendly option compared to Brickell and Coconut Grove, making it appealing to travelers looking for an authentic cultural experience.
4. Coral Way
- Average Daily Rate (ADR): $246.3
- Occupancy Rate: Varies, but generally strong
- Appeal: Coral Way offers a blend of modernity and tradition, making it particularly appealing to families. The neighborhood features a robust mix of residential and commercial areas, with easy access to various amenities. It is known for its family-friendly environment and quick property turnover, indicating strong demand.
5. Wynwood
- While not explicitly detailed in terms of ADR and occupancy rates in the sources, Wynwood is known for its artsy vibrancy and is a popular destination for tourists.
- Appeal: Wynwood is famous for its street art, galleries, and a dynamic nightlife. Guests are attracted to its unique artistic vibe, trendy restaurants, and the Wynwood Walls, making it an ideal spot for those interested in art and culture.
These neighborhoods stand out due to their unique advantages, high demand, and the variety of experiences they offer to guests, making them lucrative options for Airbnb hosts in the Miami area.
Furnishing and Design Tips for an Inviting Airbnb in Doral, Florida
General Tips
- Choose Neutral Color Palettes: Opt for neutral colors on walls and large furniture pieces to create a relaxed and uncluttered atmosphere that appeals to a wide range of guests.
- Select Durable and Easy-to-Clean Furniture: Pick furniture that is sturdy, easy to clean, and maintain. Avoid materials like real or faux leather, and opt for sofas with washable covers.
Layout and Space Optimization
- Measure and Plan Your Space: Ensure the furniture layout does not block natural light sources and leaves ample space for guests to move around. Use smart storage solutions like beds with drawers, wall hooks, and stackable containers to maximize space.
- Define Functional Spaces: Create well-defined areas for different activities such as a reading nook, dining area, or relaxation spot to enhance the guest experience.
Local and Cultural Touches
- Reflect Local Culture: Incorporate elements that reflect Doral's unique culture and attractions. This could include local artwork, decorative items, or a guidebook with recommendations for nearby attractions.
- Tropical and Modern Themes: Since Doral is near Miami, consider tropical and coastal themes with light, airy colors and natural materials that reflect the Florida lifestyle. Mix modern design with mid-century accents for a unique ambiance.
Guest Amenities and Comfort
- Provide Essential Amenities: Stock up on essentials like toiletries, basic cooking ingredients, and a first-aid kit. High-quality, durable towels and linens in neutral colors are also a must.
- Comfortable and Functional Furniture: Ensure the bed is solid and easy to clean, with a mattress that is at least 8 inches thick. Opt for memory foam mattresses for durability. A full-length mirror and power socket for hair dryers/straighteners are also important.
- Well-Equipped Kitchen: Equip the kitchen with essentials like a coffee maker, microwave, toaster, and kettle. Ensure there is enough kitchenware for the maximum number of guests.
Smart Technology and Accessibility
- Smart Home Features: Consider adding smart home features like keyless entry, smart thermostats, or streaming devices to enhance the guest experience and attract tech-savvy travelers.
- Accessibility: Make your Airbnb accessible to guests with disabilities by including features like ramps, wide doorways, and grab bars in bathrooms.
Additional Touches
- Lighting and Smell: Use lighting fixtures that create a warm and inviting atmosphere. Avoid office-like lighting. Also, ensure the property smells welcoming by using quality shampoo and soap, and leaving scented candles for guests.
- Entertainment and Local Information: Leave games, cards, and informative books for guests to enjoy. Provide a guidebook or local recommendations to help guests explore Doral and its surroundings.
By following these tips, you can create an inviting and functional Airbnb space in Doral, Florida, that reflects the city's unique style and enhances the guest experience.
Discover Doral, Florida: Local Attractions and Insider Tips for Airbnb Hosts
Local Attractions
Outdoor and Family Fun
- Trump National Doral Miami: A premier golf course for serious golfers, offering a unique golfing experience.
- Planet Air Sports: An indoor park featuring ropes courses, climbing walls, glow-in-the-dark trampolines, a Ninja Course, and an indoor ski simulator.
- Doral Central Park: A community park with various amenities including playgrounds and sports facilities.
- Doral Glades Park: Offers nature trails, sand volleyball courts, and other outdoor activities.
Shopping and Dining
- Miami International Mall: With over 140 stores, this mall provides extensive retail and dining options.
- CityPlace Doral: An all-inclusive shopping, dining, and entertainment venue featuring a movie theater, comedy club, and various restaurants.
- The Shops at Downtown Doral: A trendy outdoor plaza with upscale boutiques and fine restaurants.
Culture and Entertainment
- Downtown Doral Park: Hosts events like Movies at the Park and the Downtown Doral Art Walk. Enjoy family-friendly movies on a giant inflatable screen every Friday.
- Doral Contemporary Art Museum (DORCAM): Features exhibitions on pop art, fashion design, and photography.
- Baru Latin Bar: A Latin-inspired restaurant with live music, karaoke, and other events.
Nightlife and Leisure
- Kings Bowl America: A dining and entertainment venue offering bowling, ping pong, shuffleboard, foosball, and bocce ball, along with a variety of food and drinks.
- Doral Billiards and Sports Bar: A pool player’s paradise with 24 tables and multiple screens showing sports events.
Insider Tips
Getting Around
- Free Trolley Service and Freebee: Utilize the free trolley and on-demand electric-vehicle rides to explore Doral easily.
Local Cuisine
- Venezuelan Culture: Experience the vibrant South American culture through local restaurants serving arepas and other Venezuelan dishes.
Unique Experiences
- Airboat in Everglades: While not in Doral, this is a nearby attraction that offers a unique experience exploring the Florida Everglades.
Seasonal Events
- Día De Los Muertos Celebration: Join the festive celebration at Downtown Doral, featuring live music, food, and cultural activities.
- World of Nutcracker: An immersive holiday event at Downtown Doral, perfect for the festive season.
By sharing these local attractions and insider tips, you can enhance your guests' experience and help them make the most of their visit to Doral, Florida.
Practical Tips to Run a Successful Short-Term Rental Business in Doral, Florida
To ensure a smooth and profitable short-term rental business in Doral, Florida, several practical tips can make a significant difference. Here are some key considerations:
Noise Regulations and Guest Communication
Inform your guests about the noise regulations in Doral, which include adherence to the city's noise ordinance. Clearly communicate quiet hours and the importance of respecting the neighborhood to avoid fines and complaints. Including this information in both digital and physical house manuals will help set clear expectations.
Comprehensive House Manuals
Create detailed digital and physical house manuals that include essential instructions, such as Wi-Fi passwords, appliance usage, and emergency contact information. This will help guests navigate the property easily and reduce the number of inquiries you receive.
Simplified Check-in Process
Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide guests with clear instructions on how to use the smart locks and include photos to help them locate the lock and understand the process.
Parking Instructions
Ensure that guests are aware of the parking regulations in Doral, where all vehicles must be parked in the driveway. Include photos in your house manual to show the designated parking areas, helping to avoid any confusion or potential fines.
By implementing these strategies, you can enhance the guest experience, reduce potential issues, and maintain compliance with local regulations, ultimately leading to a more successful and stress-free short-term rental business in Doral, Florida.
Here is a brief list of house cleaning providers in Doral, Florida:
House Cleaning Providers in Doral, FL
1. Angie's List Recommended Cleaners
- A list of top-rated house cleaners in Doral, FL, with various services and pricing.
2. Merry Maids of Miami
- Offers professional cleaning services, including customized plans to fit your needs and schedule.
3. My Cleaning Angel
- Provides comprehensive house cleaning services, including dusting, vacuuming, scrubbing, and disinfecting.
4. MaidPro
- Customizes cleaning services using a 49-Point Checklist™ to ensure thorough cleaning and meets your budget.
5. eMaids
- Offers top-rated residential and commercial cleaning services in Doral, FL.
These providers offer a range of cleaning services tailored to different needs and preferences.
Short-Term Rental Management Fees in Doral, Florida
In Doral, Florida, managing a short-term rental property can come with a range of management fees, typically ranging from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management companies, which handle comprehensive tasks such as guest communication, marketing, and maintenance, tend to charge on the higher end of this spectrum, often starting at around 15% to 20% of revenue.
Basic services, which may include only the essential management tasks, can be less expensive. Additionally, hosts may incur extra fees for cleaning, repairs, or design services. For instance, companies like GoSummer and Awning offer full-service management that includes ongoing support, housekeeping, and routine maintenance, but these services come with corresponding fees. Understanding these fees is crucial for property owners to effectively manage their short-term rental investments in Doral.