How to legalize your Airbnb Property
Nowadays no one wants to own a car, people don’t own their phone, itis an inevitable pattern. Society is transitioning into a culture of zero attachments, anchors, it may even be the flexibility of payments. Early pioneers and explorers have a coined saying “I’m not sure where I’m headed. But I know I am headed there.”
With this in mind, it is safe to say one statement: Short Term Rentals are here to stay. After much controversy and debate, it has only begun to sink in and permeate our society with change and adaptation. Many government bodies in numerous cities have outlawed short term rentals and others have begun to adapt even embrace short term rentals with vacation rental license permits, inspections, and fees. For the handful of cities that have permitted Airbnb and short term rentals, I’ve developed a general guideline step process we must follow as hosts in order to determine where your property lies in terms of legality and how you should approach this.
This straight forward will save you the time and hassle of having to understand how it works. We, Stratton, are a Florida based real estate company and therefore use south Florida as an example.
It is as simple as four layers that function in the order of importance:
- STATE. Florida legislature allows short term rentals through a vacation rental license which is filed with the DBPR. This is an online process that requires submitting a form and payment of fees. Every city and or county will ask you for the vacation rental license from the State.
- County. Unincorporated areas are managed by the county and therefore legislation applies to the county. Miami-Dade county permits short term rentals through an online form submission very similar to the State level in which you must pay a fee that ranges anywhere from $100-300. Fortunately, our famed TheMangoHouse is across the street from the South Miami city line, which means it falls within the county!
- City. Incorporated areas in your town are mostly located in cities. This is where the tricky process starts. More often than not cities have a much longer and complicated process that may require inspection and strict requirements. Key West, for example, requires mailing a letter to communicate the purpose of this property to all the properties with 300 ft distance of the property being listed for short term rental purposes. Other cities such as Hollywood are long and tedious but not impossible. This is why I recommend you call or visit the city website to review their requisites and file accordingly.
- Condominium / Homeowners Association. Lastly and also most importantly is the association which is one that can make or break you. Certain buildings and associations will allow you to perform short term rentals. A majority of these are listed on this website.
Since the association is one that can penalize and limit your owner privileges. We recommend you not only speak with them but also read the association governing docs and bylaws.
In essence, these are the order of four layers that the legalization of Airbnb and Vacation Property fall down to. Below I will list a handful of helpful links that will take you to websites where you will need to review and see where your property stand in terms of legalizing for short term rental purpose.
- State of Florida License Application.
- Miami-Dade County Short Term Rental guidelines.
- City of Hollywood FL Vacation Rental License Application.
- City of Miami Beach Vacation Rentals Requirements
- Other useful links here.
Short Term Rentals are new, different and perhaps mysterious in its future. We know this may be the future of hospitality and travel. Eventually, the traveling nomad lifestyle will be prevalent. This is exciting, it is new, different and immensely rewarding when it is done correctly.
If you’d like to become a Short Term Rental owner and you’re too busy to do it, you should definitely consider hiring a Property Manager. Learn more in the link below.