BUY VACATION RENTAL

[StevenHWicker]

So, you’ve been thinking about investing in real estate? Then you should definitely consider buying an investment property in Miami, which is a favorite tourist destination year-round both for Americans and foreigners because of the beautiful beaches, the amazing weather, the proximity to Latin America, and the multiple attractions. Let’s look at the most prominent features of Miami Vacation Rentals and the trends in the Miami real estate market. Miami vacation home rentals

Miami is a Hot Vacation Rental Market

To begin with, currently Airbnb in Miami is one of the largest short-rental markets in the US. To be precise, it is in the top five after NYC, Los Angeles, San Francisco, and Boston. These five cities generated 55% of the $2.4 billion revenues at Airbnb between October 2014 and September 2016. That should already sound quite convincing for someone considering real estate investing, right?

At the moment there are over 4,500 listings for Airbnb in Miami, and the number is constantly growing. Experts expect an accelerated growth in this market in most areas of Miami, not only along the beach. You can rent a room in someone’s house in North Beach for $85 per night at Airbnb in Miami; for $149 per night you can have a modern, furnished one-bedroom apartment; and for $300 you can rent a one-bedroom penthouse or Two Bedroom Condo. For comparison, a three-star hotel room averages at $111 per night, and a five-star – at $246.