Legal short term rental is one of the BEST WAY to do high net profit in Miami
The new rules and restrictions in Miami, and especially in Miami and Miami Beach, made it harder for investors to find the right property to buy. This is the reason why it is really important for a buyer to work with real professionals specialized in this specific sector of activity.
OfCourseMiami sells twentyish legal short term rental properties every year in Miami and around. OfCourseMiami has a real expertise in this market, knowing all the legal areas and buildings where vacation rentals are allowed. A trustful relationship and full transparency will be guaranteed to our clients from the beginning to the end of the transaction. We will help them to do the right choice and select the properties corresponding exactly to their wishes.
Check this gorgeous 1 bedroom apartment located in the heart of South Beach making an annual 8% Net Profit
This beautiful 1 bedroom / 1 bathroom apartment is located in one of the rare Art Deco building where vacation rentals are legally allowed by the city of Miami Beach.
Ideally located in the heart of South Beach, close to all the best spots that tourists from all over the world are looking for during their vacations in Miami Beach. Lincoln Road Mall is located at only 2 blocks from the apartment. The Beach and the world famous Ocean Drive are also located at only 2 blocks. The charming and unique Espanola Way with all its Latin and European restaurants and bars are only half street away.
This beautiful 1 bedroom apartment is fully furnished and all equipped. The guests will only have to bring their clothes and toothbrush. The decoration and all the design has been done and managed by the team of OfCourseMiami. In the vacation rental business it is really important to have a modern and stylish apartment. The guests have to live an unique and memorable experience. The difference with the competition sometimes is done thanks to the little details. The quality of the service is also really important and the key of this business.
OfCourseMiami created its own Vacation Rental department in order to manage the little renovation, decoration and furnishing that need to be done before starting the rentals. Our management department will also manage all the bookings, check-in/check-out, maintenances, cleanings and the payment process.
Each month the owner will receive a full report with all the bookings made during the month. The owners will also have access to the online calendar of their property in order to check on live and by distance the evolution of the bookings. In OfCourseMiami we believe that transparency is the key for a trustful and long business relationship. The only thing our clients will have to do will be to check their monthly reports and check if their rents match with the numbers on their bank statement.
The occupancy rate for this 1 bedroom apartment is about 80%, and the net profit (after payment of the taxes, insurance, amenities and management fees) is close to 8%. This apartment is a little gem for all investors looking for a safe investment in Miami.
All the fees about the electricity, cable and internet are directly debited on the owner bank account thanks to an auto-payment system set up for the owners by our Vacation Rental department.
Contact us if you want to get more information about investing in a legal short term rental property in Miami and Miami Beach.