Vacation Rental Management
Vacation Rental Management in Sunny Isles Beach, FL
From the oceanfront towers along Collins Avenue to the bayside condominiums off North Bay Road, Fairly runs Sunny Isles Beach vacation rentals for the winter high season and the slow late summer, with listings on Airbnb, Vrbo and Fairly.com and a caretaker who lives nearby.
4.8
Average review in Sunny Isles Beach, FL
Fairly is an Airbnb Superhost, and our homes average 4.84 stars across 21,000+ guest reviews. Fewer than 4% of stays rate below four stars. Better reviews attract better guests, at higher prices, maximizing your revenue.
Sunny Isles Beach market overview
Sunny Isles Beach is a narrow oceanfront city in northeast Miami-Dade County, between Haulover Park to the south and Golden Beach to the north, where a line of condominium towers faces the Atlantic along Collins Avenue. The draw is the beach, which runs the length of the city, with the Newport Fishing Pier at Sunny Isles Beach Boulevard; Bal Harbour, Aventura and the rest of Greater Miami are a short drive away.
Demand follows the winter sun. Among the city's best-run rentals, February occupancy reaches about 81% and March about 77%, at the year's highest nightly rates, with January close behind. June and July hold around half occupancy. August through November, the heart of hurricane season, is the slow stretch: occupancy bottoms out near 30% in September and rebuilds through the holidays.
What homes earn in Sunny Isles Beach, FL
The chart reflects Sunny Isles Beach rentals listed on Airbnb and Vrbo that hold a review score of 4.8 or higher and are available or rented at least 300 days a year: full-time rentals run well, not occasional ones. Revenue concentrates in January through March and is thinnest from August to October, so a strong year is made or lost in the winter. You can customize a projection for a specific home.
| Month | Total rent | Occupancy | Avg. daily rate |
|---|---|---|---|
| Jan | $5,122 | 68% | $243 |
| Feb | $5,914 | 80% | $264 |
| Mar | $6,517 | 77% | $273 |
| Apr | $4,284 | 60% | $238 |
| May | $3,426 | 50% | $221 |
| Jun | $3,227 | 45% | $239 |
| Jul | $4,075 | 53% | $248 |
| Aug | $2,345 | 39% | $194 |
| Sep | $1,647 | 30% | $183 |
| Oct | $1,996 | 35% | $184 |
| Nov | $2,732 | 44% | $207 |
| Dec | $4,132 | 56% | $238 |
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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 Sunny Isles Beach, FL
Can your home rent by the night?
A condominium, apartment or cooperative unit can, in the towers along Collins Avenue and on the bay side alike. It needs a city Short-Term Vacation Rental License, which covers any stay under six months, and the city sets no limit on how often a licensed unit rents. The association has the final word on top of that: the application includes the declaration, bylaws or a consent letter, and the city will not license a unit in a building whose association prohibits short-term rentals.
Single-family homes and townhouses are different. In the R-1 and R-TH districts (on the city's zoning map, the numbered streets from 186th Street to 191st Terrace west of Atlantic Boulevard, the blocks around 194th Lane at the north end, and Atlantic Avenue south of Sunny Isles Boulevard), each rental shorter than six months is registered with the city, stay by stay, and no more than four registrations are issued in any 12 months. Those homes suit a few seasonal lets a year, not nightly rental.
Licensing a condo unit
State and county accounts come first: a vacation rental license from the Florida Division of Hotels and Restaurants (required for a unit rented more than three times a year for stays under 30 days, or advertised that way), a Florida sales tax certificate, a Miami-Dade tourist tax account, and a city Local Business Tax Receipt. Then apply to the city's short-term rental program with proof of liability insurance, the unit's designated parking spaces, smoke and carbon monoxide detection, and a fire extinguisher. The license number must appear in every listing. Licenses expire September 30 each year, and renewal is due at least 30 days before.
The application names a responsible party: a person reachable by phone around the clock who can respond in person within one hour and inspects the unit after each stay. Your Fairly caretaker lives nearby and can act as the home's responsible party.
Lodging taxes
Every stay of six months or less carries 13% in tax. Florida's 6% sales tax and Miami-Dade's 1% discretionary surtax are owed to the Florida Department of Revenue. Miami-Dade County adds 6% in convention and tourist taxes: a 3% convention development tax, a 2% tourist development room tax and a 1% professional sports facilities franchise tax, filed with the county monthly. The city levies no lodging tax of its own.
How Fairly handles it
We register your unit for Florida sales tax and the Miami-Dade convention and tourist taxes, and collect and remit the full 13% on every booking. We assist with the state vacation rental license, the city license application and its annual renewal, and the association's consent.
Operating a vacation rental in Sunny Isles Beach, FL
Running a rental in Sunny Isles Beach usually means running it inside a condominium, under the association's rules as well as the city's. An association can set a longer minimum stay or bar short-term rentals altogether, and where its occupancy limit is lower than the city's, the lower one governs. A single page by the entrance door has to show the responsible party, the maximum occupancy, parking, trash days and the building's evacuation map. Outdoor amplified sound is not allowed at any time.
Salt air is hard on air conditioning, balcony doors and hardware, and hurricane season, June through November, calls for a storm plan: balcony furniture brought in and guests briefed on the building's procedures. Turnovers stack up in February and March. The city expects someone to inspect the unit after every stay, and your Fairly caretaker does that at each turnover.
Frequently asked questions
A flat 20% commission on the rental revenue your Sunny Isles Beach condo earns, with no long-term contract and no hidden fees, so we are paid only when it books. It covers your listings on Airbnb, Vrbo and Fairly.com, pricing through the winter peak and the slow late summer, guest messaging, and collecting and remitting Florida sales tax and Miami-Dade's convention and tourist taxes.
Yes, with a city Short-Term Vacation Rental License, provided your condominium association allows it. The city will not license a unit in a building whose association prohibits short-term rentals, and an association can set a longer minimum stay. Single-family homes and townhouses, on the streets west of Atlantic Boulevard and on Atlantic Avenue, are limited to four registered rentals in any 12 months.
13% on every stay of six months or less: Florida's 6% sales tax and Miami-Dade's 1% surtax, owed to the Department of Revenue, plus Miami-Dade County's 3% convention development, 2% tourist development room and 1% professional sports facilities franchise taxes. Fairly registers your unit for both accounts and collects and remits the full amount on every booking.
A state vacation rental license, state and county tax accounts, a city business tax receipt, liability insurance, your association's consent, and a named responsible party who can reach the unit in person within an hour. Licenses expire September 30, with renewal due 30 days before. Your Fairly caretaker can act as the responsible party, and we assist with the application and each renewal.
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Fairly Vacation Rental Management
Serving Sunny Isles Beach, FL and neighboring areas
Available 24/7