Rental Property Investor · Miami, FL · Member since 2016 · 173 posts · 206 votes
6y
@Lucy Iburg well, right now, Airbnbs and other weekly/daily rentals aren’t allowed anywhere in Miami because of Coronavirus. So far, the mandatory shut down of STRs goes until April 30, 2020.
But if you’re talking before and (hopefully) after the shutdown, then if you’re beholden to Miami Beach, there’s an area about 5-10 min north of Miami Beach called North Beach where I believe the city doesn’t have regulations on Airbnbs. However, if you buy a condo, you have to make sure your COA allows it. Most don’t.
If you don't mind going even more north, Hollywood Beach, which is close to Ft Lauderdale airport, has places where you can just walk to the beach and the city of Hollywood, FL has regulations on how to get an STR permit, which means the city has actually thought about AirBnbs and is intentionally allowing them.
If you’re interested in this area, I have a lot of fellow Airbnbers who who were over-leveraged when the shut down hit and are now trying to get out of the game. So good time to get deals.
Rental Property Investor · Miami, FL · Member since 2016 · 173 posts · 206 votes
6y
@Lucy Iburg well, right now, Airbnbs and other weekly/daily rentals aren’t allowed anywhere in Miami because of Coronavirus. So far, the mandatory shut down of STRs goes until April 30, 2020.
But if you’re talking before and (hopefully) after the shutdown, then if you’re beholden to Miami Beach, there’s an area about 5-10 min north of Miami Beach called North Beach where I believe the city doesn’t have regulations on Airbnbs. However, if you buy a condo, you have to make sure your COA allows it. Most don’t.
If you don't mind going even more north, Hollywood Beach, which is close to Ft Lauderdale airport, has places where you can just walk to the beach and the city of Hollywood, FL has regulations on how to get an STR permit, which means the city has actually thought about AirBnbs and is intentionally allowing them.
If you’re interested in this area, I have a lot of fellow Airbnbers who who were over-leveraged when the shut down hit and are now trying to get out of the game. So good time to get deals.
Property Manager · Miami, FL · Member since 2019 · 3 posts · 1 vote
6y
Hi Lucy, that's what i thought too. However, there are certain areas on the beach where it IS allowed (see attached PDF link: Miami Beach Short Term Rental Map). Jean H is totally right about now being the right time to look for deals. That said, we have been able to obtain month-to-month leases on some of the short term rental properties that were previously set up as AirBnBs. The income in most of these units will cover the mortgage (in some cases more) until the Covid-19 Pandemic is over. I've been lucky to have found great real estate agents who are willing to put in the work to find the properties that make sense.
Real Estate Agent · Miami Beach, FL · Member since 2016 · 73 posts · 49 votes
6y
There is actually a map on the city of Miami Beach's website that lets you know which areas are ok for airbnb. Also certain buildings specify that as well.