Airbnb & VRBO Performance in Miami Beach Florida.

Short-Term Rental Regulations in Miami Beach, Florida for 2024

Licensing and Registration Requirements

• Vacation Rental License: Obtain a license from the Florida Department of Business and Professional Regulation (DBPR).
• Certificate of Use: Secure a Certificate of Use from the Miami Beach Department of Regulatory and Economic Resources.
• Business Tax Receipt: Obtain a business tax receipt from the Miami Beach Finance Department.
• Resort Tax Certificate: Acquire a resort tax certificate number and display it in online listings and ads.

Zoning Restrictions

• Prohibition in Single-Family Homes: Short-term rentals are banned in all single-family residential areas, including estates, single-family homes, and duplexes zoned SF, SD-B.4, and RM-1.
• Multi-Family District Restrictions: Short-term rentals are restricted in certain multi-family districts zoned RM-2 and RM-3 between specific boundary streets.

Occupancy Limits

• Maximum Occupancy: The maximum overnight guests allowed is two people per bedroom, excluding children under 3 years old. For example:
• Studios & 1 bedroom: 2 guests
• 2 bedrooms: 4 guests
• 3 bedrooms: 6 guests
• 4+ bedrooms: 10 guests.

Operational Guidelines

• On-Site Management: Ensure on-site management is available 24 hours a day, 365 days a year.
• Property Usage Restrictions: Only entire apartments or townhomes can be used for short-term rentals; renting individual rooms or portions is not allowed.
• Insurance Policy: Maintain an active insurance policy specifically designed for short-term rentals.

Compliance and Inspections

• Building and Design Codes: Properties must comply with local design and building codes, including passing building inspections for structural integrity and code compliance.
• Balcony Inspection: Properties in buildings three or more stories high or with balconies at least 17 feet from ground level must undergo a balcony inspection.
• ADA Compliance: Ensure compliance with the American Disabilities Act (ADA) regulations to make the property accessible.

Advertising and Guest Requirements

• Advertising Requirements: Include the vacation rental license number and maximum occupancy in all advertisements.
• Guest Register: Keep a register of all guests, and ensure hosts do not knowingly rent to sexual offenders or predators.

Taxes and Fees

• State Sales Tax: Collect and remit the 6% Florida state sales tax on the total rental amount. Platforms like Airbnb may collect and remit this tax on behalf of hosts.
• Registration Fees: Pay the necessary fees for registration, including a $170 annual license fee to the DBPR and other local fees.

Enforcement and Penalties

• Fines for Non-Compliance: Fines start at $20,000 and double with each repeated offense for operating an illegal short-term rental.
• Inspections and Audits: The city conducts in-person inspections and audits to ensure compliance with regulations.
• Code Violations: Non-compliance can result in substantial fines or code violation notices requiring immediate action.

Top Neighborhoods for Airbnb Revenue in Miami Beach, Florida

1. South Beach Area (ZIP: 33139)

• Why it's appealing:
  • Famous for its vibrant nightlife, beautiful beaches, and historic Art Deco architecture.
  • Includes sub-neighborhoods like the Art Deco Historic District, Flamingo/Lummus, West Avenue, and the exclusive Palm and Hibiscus Islands, and Star Island.
  • High demand due to its active atmosphere, shopping areas, and nightlife.
• Airbnb Metrics:
  • Average Daily Rate: $340
  • Max Daily Rate in March: $431
  • Occupancy Rate: 61%
  • Average Revenue: $75.2K
  • Max Monthly Revenue in March: $8,200.

2. Mid-Beach Area (ZIP: 33140)

• Why it's appealing:
  • Characterized by high-rise hotels and condominiums with scenic ocean views.
  • Known as “Millionaire’s Row” due to its opulent oceanfront properties.
  • Includes residential neighborhoods like Bayshore, Nautilus, and the exclusive Sunset Islands and La Gorce.
• Airbnb Metrics:
  • While specific metrics are not provided for Mid-Beach, its luxury properties and scenic views make it highly attractive to guests, contributing to significant revenue.

3. North Beach Area (ZIP: 33141)

• Why it's appealing:
  • Known for its historic districts, quieter beaches, and a more relaxed vibe compared to South Beach.
  • Includes Normandy Isles, Isle of Normandy, and Biscayne Point, offering picturesque residential areas and waterfront homes.
• Airbnb Metrics:
  • Although specific revenue metrics are not detailed, North Beach's quieter and more family-friendly atmosphere attracts a different segment of guests, contributing to its revenue.

Additional Insights

• Condo Buildings with No Restrictions:

• Some condo buildings in areas like Mid-Beach, South Beach, and Edgewater have no restrictions on short-term rentals, making them highly lucrative for Airbnb investments.

• Seasonal and Daily Rentals:

• Neighborhoods that allow daily or seasonal rentals, such as Brickell and certain areas of South Beach, can capitalize on high demand during peak travel seasons.

These neighborhoods are particularly appealing due to their unique blend of amenities, attractions, and the flexibility in rental policies, making them top choices for both guests and investors in the Airbnb market.

Tips for Furnishing and Designing an Inviting Airbnb in Miami Beach, Florida

Embrace the Miami Vibe

• Incorporate Bold Colors and Modern Furnishings: Reflect Miami's vibrant and energetic atmosphere by using bold colors, sleek lines, and modern furnishings.
• Coastal Chic Ambiance: Use soft blues and sandy neutrals to create a coastal chic ambiance that resonates with the beach environment.

Quality Furnishings and Comfort

• Invest in High-End Furnishings: Choose high-quality, comfortable furnishings that exude style and provide a luxurious experience for guests.
• Plush Sofas and Luxurious Beds: Include plush sofas, designer chairs, and luxurious beds to enhance the overall comfort and style of the space.

Seamless Indoor-Outdoor Transitions

• Large Sliding Glass Doors: Install large, sliding glass doors that open up to a balcony or terrace to blur the lines between indoor and outdoor spaces.
• Consistent Color Schemes and Furnishings: Use similar color schemes and furnishings both indoors and outdoors to create a seamless transition.

Thoughtful Amenities

• High-Quality Linens and Toiletries: Provide high-quality linens, premium toiletries, and a well-equipped kitchen to make a lasting impression on guests.
• Unique Touches: Consider adding unique touches like a Nespresso machine, beach gear, or a curated selection of Miami-inspired literature.

Lighting Design

• Mix of Ambient, Task, and Accent Lighting: Incorporate a mix of ambient, task, and accent lighting to create a well-balanced atmosphere.
• Statement Lighting Fixtures: Use statement lighting fixtures that serve as both functional and aesthetic elements.

Clutter-Free Environment

• Built-in Storage Solutions: Select furniture with built-in storage solutions to keep the space clutter-free and organized.
• Minimize Decorative Elements: Maintain a tidy and organized space by minimizing decorative elements, which will give guests a sense of calm and relaxation.

Local Art and Personalization

• Incorporate Local Art: Adorn your condo with local artwork to add a touch of authenticity and support the local community.
• Personal Touches: Enhance the visitor experience with personal touches that give your apartment a distinctive and memorable quality.

Essential Furniture and Appliances

Bedroom

• Bedframe
• Closet or Clothing Rack
• Nightstand(s)
• Lamp(s)
• Mattress & Mattress Cover
• Sheets
• Pillows
• Duvet or Comforter
• Full-Length Mirror
• Hangers.

Living Room

• Coffee Table
• Couch or Sofa Bed
• End Tables
• Entertainment Center
• Smart TV & Mount
• Throw Pillows
• Area Rug.

Kitchen

• Dining Table & Chairs
• Kitchen Table & Chairs
• Barstools
• Refrigerator & Freezer
• Cooktop & Oven
• Microwave
• Coffee Maker
• Toaster Oven or Toaster
• Dishwasher (optional)
• Trash Can
• Recycling Bin
• Paper Towel Holder
• Cooking Utensils
• Pots, Pans & Cookie Sheets
• Plates, Bowls & Silverware.

Bathroom

• Basic Amenities: Leave basic amenities like shampoo, conditioner, and soap, as well as towels of all shapes and sizes.
• Towel Rack, Shower Rack, Storage Bins: Include these in larger bathrooms to fill countertop space.

Smart Home Technology

• Smart Home Devices: Install smart home devices such as thermostats, lighting controls, and security systems that guests can easily operate through their smartphones.

Outdoor Spaces

• Weather-Resistant Furniture: Use patio furniture sets that are weather-resistant and coordinate with the modern style of the property.
• Outdoor Lighting: Ensure the outdoor space is well-lit with modern-style solar landscape lighting or string lights.
• Optional Amenities: Consider adding a grill or BBQ, outdoor heating element, fire pit, patio umbrella, hammock, and lounge chairs depending on the available space and local regulations.

Discover the Best of Miami Beach: Local Attractions and Insider Tips

Local Attractions

Beaches and Parks

• 12th Street Beach: A popular spot for people-watching, especially known as the most popular gay beach in Miami Beach.
• Haulover Beach: Famous for being one of the only clothing-optional beaches in the United States, with additional amenities like tennis courts and a golf course.
• Lummus Park: A beachside park along Ocean Drive, perfect for walking, picnics, and accessing the beach. It features beach volleyball nets, playgrounds, and outdoor exercise equipment.
• Pine Tree Park and Flamingo Bark Park: Ideal for dog owners, these parks offer agility equipment, drinking fountains, and grassy areas for pets to play.

Art and Culture

• Historic Art Deco District: Explore over 800 stunning architectural landmarks from the 1920s on a self-guided or narrated tour.
• Wynwood Walls: An outdoor museum dedicated to street art, featuring murals and graffiti. Explore the surrounding Wynwood neighborhood for breweries, shopping, and more.
• The Bass Museum: Located in a 1930s art deco building, this museum showcases a wide collection of contemporary art from diverse backgrounds.
• The Fillmore Miami Beach at the Jackie Gleason Theater: A historic landmark hosting concerts, comedy shows, and other performances.

Nightlife and Dining

• Ocean Drive: Known for its vibrant nightlife, top-tier restaurants, and historic Art Deco hotels. Take a walking tour during the day and enjoy the bars and nightclubs in the evening.
• Lincoln Road: A mile-long pedestrian mall with a diverse mix of shops, dining options, and a vibrant outdoor atmosphere.
• Mango's Tropical Café: Experience lively reggae music, salsa dancing, and Caribbean-inspired cuisine in a festive atmosphere.
• La Sandwicherie: A small, highly-regarded sandwich bar serving authentic French food and fresh smoothies.

Family and Outdoor Activities

• Miami Seaquarium: One of Florida's first marine attractions, offering dolphin interaction programs and environmentally inclined exhibits.
• Crandon Park: A large beach park with amusement rides, tennis courts, bike paths, and a historic lighthouse.
• Fairchild Tropical Botanic Garden: A captivating attraction featuring orchids, native plants, and a butterfly garden.
• Zoo Miami: Home to over 3,000 animals, making it a great family outing.

Day Trips and Unique Experiences

• Everglades National Park and Biscayne National Park: Explore these national parks through boat tours, airboat rides, or driving through the parks. Access points include Homestead and the Tamiami Trail.
• Swimming Pigs Tour: A day trip to the Bahamas to swim with pigs, nurse sharks, and explore marine life at the Exuma Cays.

Insider Tips

Getting Around

• Use the Miami Beach Boardwalk for walking, running, or cycling while enjoying ocean views and beach access.
• Take advantage of public transportation or ride-sharing services to navigate the area efficiently.

Dining

• Try Joe's Stone Crab for a legendary dining experience, known for its fresh seafood.
• Explore the diverse dining scene along Lincoln Road and Ocean Drive.

Local Events

• Check out the local art fairs and performing arts events in the Wynwood and Miami Beach areas.
• Visit during the Brazilian Carnivale for a unique cultural experience at Mango's Tropical Café.

Hidden Gems

• Visit the Venetian Pool in Coral Gables, a natural swimming pool set in a coral rock quarry.
• Explore the Vizcaya Museum and Gardens, a romantic Italianate villa overlooking Biscayne Bay.

By sharing these attractions and tips, you can help your guests make the most of their visit to Miami Beach and experience the vibrant culture, beautiful beaches, and unique activities the area has to offer.

Practical Tips to Run a Successful Short Term Rental Business in Miami Beach, Florida

To operate a successful short-term rental business in Miami Beach, Florida, several practical tips can help you navigate the city's stringent regulations and enhance the guest experience.

Noise Regulations and Quiet Hours

Inform your guests about the strict noise regulations in Miami Beach. Clearly communicate quiet hours and the consequences of noise complaints to ensure compliance. This can be included in both digital and physical house manuals.

Comprehensive House Manual

Create a detailed digital and physical house manual that includes essential instructions, Wi-Fi passwords, and other important information. This manual should also outline the city's regulations, such as occupancy limits and on-site management requirements, to avoid any violations.

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 access the property, and consider including a video tutorial to make the process smoother.

Parking Instructions

Include detailed parking instructions with photos in your house manual. This will help guests understand where they can park and how to access parking facilities, reducing the likelihood of parking-related issues.

By following these tips, you can ensure your short-term rental business in Miami Beach operates smoothly, adheres to local regulations, and provides a positive experience for your guests.

Here is a brief list of house cleaning providers in Miami Beach, Florida:

House Cleaning Services in Miami Beach, FL

Cleanzen

• Offers quality maid and house cleaning services in Miami.
• Provides regular and deep cleaning services, including kitchen, bathroom, and floor cleaning.
• Uses eco-friendly, non-toxic, and biodegradable cleaning practices.

MaidPro Miami Beach

• Provides top-tier residential and commercial cleaning services.
• Customizable cleaning plans, including weekly, bi-weekly, or one-time cleanings.
• Uses a 49-Point Checklist™ to ensure thorough cleaning.

My Cleaning Angel

• Matches clients with local cleaners for various house cleaning services.
• Offers one-time, move-in/move-out, post-construction, recurring, and vacation rental cleaning.
• Uses eco-friendly cleaning products and provides a 100% satisfaction guarantee.

Sparkly Maid Miami

• Offers standard cleaning, deep cleaning, and move-in/move-out cleaning services.
• Uses 100% natural cleaning products and advanced equipment.
• Provides flexible scheduling and a satisfaction guarantee.

Aloha Maids

• A referral agency offering various house cleaning services, including deep cleaning, move-in/move-out, and post-construction cleaning.
• Cleaners are vetted and background-checked; offers steam cleaning services and frequent cleaning schedules.

Short-Term Rental Management Fees in Miami Beach, Florida: A Range of 10%-30%

In Miami Beach, Florida, the fees for short-term rental management can vary significantly based on the level of service provided. Typically, these fees range from 10% to 30% of the rental revenue. Full-service management, which includes comprehensive services such as guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum, often starting at around 20% of the revenue.

Basic services, which may include only certain aspects like booking management or guest communication, can be more affordable, sometimes as low as 10% per booking. Additionally, property owners may incur extra fees for services like cleaning, repairs, or professional design and furnishing of their vacation rental properties. These additional costs can contribute to the overall expense of managing a short-term rental in Miami Beach.