Short term rentals aren’t anything new in Miami Beach. During special events like Art Basel or even the Super Bowl, it’s become increasingly common for owners of Miami Beach condos and such to rent out their properties to visitors who’d rather stay in something closer to a home than a hotel room. For some however, short term rentals are essentially hotels where tenants get too loud and now the city plans to do something about it.
The complaints of Miami Beach real estate short term rentals functioning as hotels is growing increasingly louder as pundits single out the fact that hotels are not allowed in zoning areas per the city code and neighbors decry the noise. Miami Beach officials are now working out new legislation that could impose new restrictions on these rentals but may put an end to many rental properties altogether. The new criteria will require that owners register their properties as a “resort dwelling” and that there are few complaints from neighbors.
Should this new law go into effect, it will follow last year’s ban on single family home short term rentals, a ban that hasn’t really been enforced. Could this negatively affect demand for Miami Beach condos during peak seasons and lead to a drop in much needed tourism?