Airbnb rental property investments are a hot topic all around the U.S, but it is even more relevant in Miami and Miami Beach for a number of reasons. First, given the constant growth of the Miami area, many see Airbnb condo investments as a way to participate in the growth of Miami by creating cash flow while holding onto a property that is likely to continue increasing in value. Second, given the cultural benefits, quality restaurants and nightlife, and year-round warm weather, everyone wants to have a pie de terre here to come at will. Buying into an Airbnb-approved condo that allows daily rentals allows those folks to subsidize their amazing Miami lifestyle. They get the best of all worlds: enjoy Miami and Miami Beach when they want, and make an income when they are away.

Can You Airbnb a Condo?

The short answer is, yes, you can buy a condo and Airbnb it. But you need to understand a few key points, starting with whether the condo allows short-term rentals or not. The last thing you want to do is to buy the perfect condo but then realize it doesn’t officially allow Airbnb rentals, even though some other owners are doing it. Working with a real estate professional that knows how to pull up the condo short term rental rules of the building or looking them up yourselves in the condo docs and condo rules and regulations is key.

Quick Tips:

#1. Condo buildings that allow Airbnb (meaning daily or weekly rentals) have different financing rules than typical condos. Use our guide to how to finance a short-term or vacation rental to make sure you understand your financing options.

#2. Condo-hotels can be a great option to use for Airbnb rentals, since they have flexible rental rules. But Condo-hotels require special financing rules too and have their own rules if you want to manage your condo-hotel unit through Airbnb instead of the hotel’s management program. Use our guide to buy a condo-hotel in Miami to help you navigate that option.

Airbnb Approved Condo Buildings

Here is a list of all the buildings that allow daily rentals or there are a solid number of owners that are listing and renting their condo units via airbnb. It is still important to verify with the association whether airbnb rentals are allowed per the condo docs. There are occasions where the management may be allowing the airbnb rentals at the moment even though the building is not officially approved for daily rentals. Do your due diligence, or reach out to us to help you with your condo search and to help you verify the condo’s rules and regulations.

Photo credit: 57ocean.com