Short Term Rental Guidelines Miami, Florida
When deciding to vacation rent, we can count on one had the complaint management firm out there, maybe on 3 fingers actually. We’re certainly one of them. It’s critical to select the right management firm when marketing your property for Airbnb and vacation rental in Miami or South Florida, in general.
MIAMI HOA'S
There are many HOA’s in Miami Dade County. It's important to know where your property is and what the rules and fees are for operating a vacation rental property in your community. If you have questions about how to operate a vacation rental property within an HOA, please contact our knowledgeable sales team.
BUSINESS TAX LICENSE
A business tax receipt, formerly known as an Occupational License, is required to operate a vacation rental property in Miami, Florida.
VACATION RENTAL REGISTRATION
It is important to follow the short-term rental laws in Miami if you want to operate a vacation rental. Miami, Florida, classifies a vacation rental as any dwelling unit or residence including, but not limited to, any unit or group of units in a condominium, cooperative, or apartment building that is rented in whole or in part to a transient occupancy for a period of less than 30 days or one calendar month, whichever is less. To operate your short-term rental, you are required to have the following:
Registration with Florida Department of Revenue for tax purposes
Tourist Tax Account to collect and remit monthly Convention and Tourist Development taxes
Approved Vacation Rentals Application
To manage, preserve, and maintain a profitable short-term rental property investment requires a lot of time, attention, and effort, from scheduling cleaners and maintenance crew to following building rules and city bylaws to communicating with guests and monitoring smart locks and volume sensors to ensure that your neighbors won’t be bothered or come to you with noise/party complaints. And there's that thing about needing to reprice your property every day after scouring the listing platforms for other properties, how much they've listed for, knowing how much they've booked out a night for, and remember if there are events in the area to maximize the full potential of your short-term rental income. It's our day job, not yours.
Contact us to learn more about our management program and if your property is a good fit.
