However, in late 2019, the courts ruled that the City’s fine is in conflict with state law and therefore unenforceable. Property owners have been fined as much as $20,000 for listing their properties on short-term rental sites such as, , and others. In fact, the city of Miami Beach and Airbnb had been in litigation for several years. Ironically, while Miami is an ideal location for Airbnb investment property, Airbnb has not exactly encountered a welcome committee, particularly in Miami Beach, where the local hotel industry wields lots of power and influence. This article was updated on May 27, 2021.
And business is booming as more and more tourists visit South Florida yearly. In fact, Airbnb rental hosts in South Florida (Miami-Dade and Broward counties) welcomed some 1.77 million guests in 2019, earning about $378 million in the process, up from 1.47 million guests and $315 million in earnings in 2018. It’s a year-round sunny location with great beaches, diverse cultures, internationally known cuisine, and some of the most impressive condo buildings in the world. It’s no secret that there’s money to be made in short-term vacation rental investments, particularly in a place like Miami.
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