Vacation Rental Management
Vacation Rental Management in Miami, FL
From a Brickell high-rise to a Downtown loft, Fairly runs Miami vacation rentals end to end: listings on Airbnb, Vrbo and Fairly.com, pricing that follows the winter high season and the late-summer lull, guest messaging, and a caretaker who lives nearby and handles every turnover.
4.8
Average review in Miami, FL
Fairly is an Airbnb Superhost, and our homes average 4.84 stars across 21,000+ guest reviews. 96% of our reviews are four stars or better. Better reviews attract better guests, at higher prices, maximizing your revenue.
Miami market overview
Miami's rental calendar has a clear shape. Across the city's top-performing listings, demand builds through the winter: occupancy runs about 69% in January and peaks near 75% in February and March, when nightly rates reach their high of roughly $310. It eases through spring and summer, then bottoms out in September at about 46% occupancy and $195 a night, in the middle of hurricane season, before recovering through November and December.
Most of the city's short-term rentals sit in and around the condo towers of Downtown, Brickell and Edgewater. Guests come for the waterfront and Bayfront Park, games and concerts at the Kaseya Center, cruises out of PortMiami, and the restaurants of Brickell and Wynwood, while business travel to the Brickell financial district fills weeknights outside the peak.
What homes earn in Miami, FL
These figures come from Airbnb and Vrbo listings inside the City of Miami that clear a high bar: a review score of at least 4.8, and a calendar available or rented at least 300 days a year, so the comp set reflects full-time rentals run well rather than occasional ones. Monthly revenue follows that set's seasonality, strongest from January through March and softest in late summer and early fall. You can customize a projection for a specific home.
| Month | Total rent | Occupancy | Avg. daily rate |
|---|---|---|---|
| Jan | $5,668 | 69% | $265 |
| Feb | $5,985 | 75% | $285 |
| Mar | $7,043 | 74% | $307 |
| Apr | $5,141 | 63% | $272 |
| May | $4,612 | 57% | $261 |
| Jun | $4,538 | 55% | $275 |
| Jul | $4,570 | 54% | $273 |
| Aug | $3,190 | 49% | $210 |
| Sep | $2,622 | 46% | $190 |
| Oct | $3,512 | 55% | $206 |
| Nov | $3,899 | 57% | $228 |
| Dec | $5,468 | 63% | $280 |
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This is based on properties listed on Airbnb, Vrbo, and Booking.com with an average review score of 4.8 out of 5 or higher, limited to homes available or rented at least 300 days a year. Earnings vary based on the unique amenities and qualities of each home.
A guaranteed $5,000 increase in earnings
We guarantee that homeowners coming from self management or other managers will make an extra $5,000 in their first year with Fairly.
Vacation Rental Taxes and Regulations in Miami, FL
Where a Miami home can rent short term
It depends on the building. The City of Miami does not allow short-term rentals in single-family homes or duplexes in its T3 and T4-R zones. T3 covers most of the city's single-family neighborhoods, including the residential streets of Coconut Grove, Shenandoah, Silver Bluff, Flagami and the Grapeland Heights area, and Morningside, Belle Meade and Baypoint along Biscayne Bay. Condo and apartment units can instead be converted to short-term lodging through the City's Building and Zoning departments where the zone allows lodging, which is how most of the city's rentals operate in the urban-core towers of Downtown, Brickell, Brickell Key, Edgewater and Midtown (T6). The City's Short-Term Rental/Lodging page explains how to confirm a property's zone.
Florida law bars cities from banning vacation rentals or limiting how long or how often they rent, except under local rules that predate that preemption. The City applies the single-family and duplex rule above on the strength of its zoning code and the court ruling in City of Miami v. Airbnb.
The building comes first
A condo's own declaration can restrict rentals or set minimum lease terms, and the City's application needs the association to certify both the Operational Management Plan and the Short-Term Rental Evaluation Form. Under Florida law, an amendment that restricts rentals binds only owners who voted for it or bought after it passed. Once more than a quarter of a building's units are used as short-term lodging, the whole building must meet hotel standards under the Florida Building Code.
Registering your rental
The sequence runs: building permit for the conversion, a new Certificate of Occupancy, a public lodging licence from the Florida DBPR Division of Hotels and Restaurants, a new Certificate of Use from Zoning, then a City Business Tax Receipt and a Miami-Dade Local Business Tax Receipt. The Certificate of Use and the City receipt renew every year.
Lodging taxes
Stays of six months or less carry 13%: Florida's 6% sales tax and Miami-Dade's 1% surtax, filed with the Florida Department of Revenue, plus 6% in county tourist taxes, made up of a 3% convention development tax, a 2% tourist development tax and a 1% professional sports franchise facilities tax. The county taxes are administered by Miami-Dade's Department of Regulatory and Economic Resources, which expects a monthly return even when nothing was booked.
How Fairly handles it
We register your home for Florida sales tax and the Miami-Dade tourist taxes, and collect, remit and file all of them on every booking. We assist with the conversion paperwork, the DBPR licence and each Certificate of Use renewal, and your Fairly caretaker lives nearby and can serve as the plan's 24-hour contact.
Operating a vacation rental in Miami, FL
Running a Miami condo as a rental is mostly a building job. Guests check in through a lobby, so arrivals have to be registered with the front desk or concierge, keys and fobs handed over, and garage or valet access arranged before every stay. The City's Operational Management Plan for a short-term unit covers the same ground: front-desk operations, guest access control, housekeeping and a 24-hour contact.
The climate sets the rest. Air conditioning runs all year and a unit left closed and warm invites mildew, so empty weeks still need checks. Hurricane season runs June through November, and before a storm, balcony furniture comes inside and the unit is secured. Turnovers bunch up from January through March, when back-to-back stays leave a few hours between checkout and the next arrival.
Frequently asked questions
A flat 20% commission on the rental revenue your Miami home earns, paid only when it books, with no long-term contract and no hidden fees. It covers listings on Airbnb, Vrbo and Fairly.com, pricing, guest messaging, and collecting and remitting the state and county lodging taxes. Your caretaker earns the guest cleaning fee plus a share of Fairly's management commission.
A single-family home or duplex in the City's T3 or T4-R zones, which take in most residential streets in Coconut Grove, Silver Bluff, Flagami, Morningside and Belle Meade, cannot. Condo and apartment units can be converted to short-term lodging where the zone allows it, as in the Downtown, Brickell and Edgewater towers, provided the condo association certifies the application.
13% on stays of six months or less: Florida's 6% sales tax and Miami-Dade's 1% surtax, plus the county's 3% convention development tax, 2% tourist development tax and 1% professional sports franchise facilities tax. Fairly registers your home for each tax account and collects, remits and files them on every booking.
Late winter. Among the city's top-performing listings, occupancy peaks near 75% in February and March, with nightly rates highest in March. Demand eases through the summer and is lowest in September, at about 46% occupancy, before building again in November and December. Fairly prices each night against that curve.
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Fairly Vacation Rental Management
Serving Miami, FL and neighboring areas
Available 24/7