
Pro-Tip #3: Consider Buying a Pre-Construction or New Construction Condo Use our guide to buy a condo-hotel in Miami to help you navigate that option.

But Condo-Hotels require special financing rules, too, and often 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 on How to Finance a Short-term or Vacation Rental to make sure you understand your financing options.Ĭondo-Hotels can be a great option to invest in for Airbnb rentals, since they have flexible rental rules and already have management focused on clients renting for short terms. Financing for condos that allow 30-day or longer rentals is more conventional, while condos that allow daily rentals can require different types of financing. Pro-Tip #1: Understand the Financing RulesĬondo buildings that allow Airbnb or short-term rental (meaning daily or weekly rentals) have different financing rules than typical condos. Working with a real estate professional who knows which buildings are complete short-term rental options, or knows how to pull up the condo short-term rental rules of the building (or looking them up yourself) in the condo docs and condo rules and regulations is key. The good news is that many new buildings understand buyers want this option and are incorporating short-term rental plans into their building rules. The last thing you want to do is to buy the perfect condo but then realize it doesn’t officially allow Airbnb rentals or short-term rentals, even though some other owners are doing it. But you need to understand a few key points, starting with whether the condo allows short-term rentals or not. The short answer is, yes, you can buy a condo and Airbnb it or rent it out on a short-term basis.

They get the best of all worlds: enjoy Miami and Miami Beach when they want, and make an income when they are away. Buying into an Airbnb-approved condo that allows daily or short-term rentals allows owners and investors to subsidize their amazing Miami lifestyle. Second, given Miami’s rich cultural diversity, quality restaurants, the plentitude of outdoor activities and nightlife, and year-round warm weather, everyone wants to have a pied-a-terre here to come at will.

First, given the constant growth of the Miami area, many see Airbnb condo investments as a way to participate in real estate investing in Miami by creating cash flow while holding onto a property that is likely to continue increasing in value. 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.
