Luxury Short Term Rental Management in Miami
Yours Truly Hospitality is a short-term rental management and interior design company for waterfront and coastal homes in Southeast Florida, from Palm Beach south to Miami. Founded and operated by Brad and Justina McRae, it offers full-service management at 20 to 25 percent of revenue, backed by a 90-Day Satisfaction Guarantee and a Zero Bookings Guarantee. In Miami, management starts with zoning, and we check it before we quote.
We manage waterfront and coastal homes from Palm Beach south to Miami. In Miami that means waterfront homes in rental-legal zones and luxury condos in buildings that permit short stays. Miami is the corridor's highest-revenue market and its most regulated one; this page covers both sides.
By Brad McRae, founder. Updated July 2026.
How much does short term rental management cost in Miami?
Full-service luxury short term rental management in Miami runs 20 to 25 percent of revenue at Yours Truly Hospitality. One fee covers listing, pricing, guest vetting, housekeeping and maintenance coordination, the full licensing stack, tourist tax remittance, and a monthly owner statement. Any setup fee is quoted in writing before you sign. No repair markups, no surprise add-on schedule.
Full service has gotten too broad to mean anything. At YTH it means one thing: everything, in writing. Anything beyond the management fee, like a one-time setup or design package, is stated up front in writing. In Miami the compliance workload alone justifies professional management: the licensing stack below has four separate registrations, each with its own renewal clock. What full service includes corridor-wide is on the South Florida hub.
What should a luxury Miami property earn as a short term rental?
Miami is the corridor's highest-revenue market, and the spread between well-run and poorly run properties is widest here. We do not publish a market average we have not verified. We model each property against its own comp set, zoning first, and show you that model before you sign anything.
Miami demand is event-compressed like nowhere else in the corridor. Art Basel in December, the boat show in February, Ultra in March, and the Formula 1 Grand Prix weekend in May each produce short windows where nightly rates multiply, and a manager asleep at the calendar gives that revenue away. International guests book longer and earlier than domestic ones, and the luxury buyer pool keeps deepening: Miami's luxury median sale price reached $4,957,799, up 12.8% year over year (LuxuryDade market report from Redfin data, April 2026).
Tier-segmented numbers for all seven corridor cities are in the SE Florida Luxury STR Benchmark Report.
What are Miami's short term rental regulations?
The City of Miami allows short term rentals only where zoning permits them, and most single-family neighborhoods do not qualify. Under the Miami 21 zoning code, T3 zones, which cover the city's low-density residential areas, prohibit short term rentals; operations are generally permitted in T4, T5, T6, and CI-HD zones (City of Miami, Miami 21 zoning code).
If the zoning works, four registrations follow:
1. A Florida DBPR vacation rental license (Florida DBPR, Chapter 509, Florida Statutes).
2. A Miami-Dade County Certificate of Use, which must be obtained before the property is even listed: $139.44 for the certificate plus a $115.26 inspection, renewed annually (Miami-Dade County vacation rental standards, miamidade.gov).
3. A City of Miami business tax receipt (City of Miami).
4. A Miami-Dade Tourist Tax account for monthly remittance (Miami-Dade County Tax Collector).
County standards also cap overnight occupancy at 2 persons per bedroom plus 2 additional, to a maximum of 12 excluding children under 3, and require the certificate displayed inside the unit (miamidade.gov). Taxes total roughly 13%: 6% state sales tax, 1% county surtax, and 6% in county transient taxes, composed of a 2% Tourist Development Tax, 3% Convention Development Tax, and 1% Professional Sports Facility Tax (Florida Department of Revenue, local option transient rental tax tables).
Miami Beach is a different city with different rules. Short term rentals are prohibited in most of Miami Beach's residential districts, and fines for illegal rentals start at $20,000 for a first violation (City of Miami Beach, miamibeachfl.gov). Owners regularly confuse the two rulebooks. We map the exact parcel before anything gets listed.
Which Miami neighborhoods do you cover?
We manage luxury properties where the zoning and the building rules allow short stays:
• Brickell, Downtown, and Edgewater condo towers in buildings that permit short term rentals, including condo-hotel residences
• The Venetian Islands, where rules split island by island: Biscayne and San Marco sit in the City of Miami, while San Marino, Di Lido, Rivo Alto, and Belle Isle fall under Miami Beach's rulebook
• Coconut Grove, where most single-family streets are T3 and we advise seasonal leasing instead
• Morningside and the Upper East Side
• Key Biscayne and Bal Harbour, each an independent municipality with its own code, verified parcel by parcel
Before we sign any Miami property, we confirm transect zone, building rules, and county certificate eligibility in writing. Owners get the zoning answer before they get a sales pitch.
Why do Miami owners switch to Yours Truly Hospitality?
Owners switch because big-market managers treat a $2M condo like door number 400. Yours Truly Hospitality has managed short-term rentals across Broward, Palm Beach and Miami-Dade counties since 2023 and currently manages 20 homes. Every decision about your property gets paired with a number you can check, monthly, in writing.
The proof set:
• Our Broward County homes ran 73-87% past-30-day occupancy against comp sets averaging 66-68% (PriceLabs market data, July 2026)
• Our West Palm Beach home ran 83% occupancy against a 50% comp-set average (PriceLabs market data, July 2026)
• One West Palm Beach home grew year-to-date revenue 43% year over year, from $44,657 to $64,025, on pricing and calendar strategy (YTH portfolio data, July 2026)
• A 90-Day Satisfaction Guarantee and a Zero Bookings Guarantee, both stated in full in our management agreement
Frequently asked questions
Can I Airbnb my Miami house?
Only if the zoning allows it. T3 zones, most of Miami's single-family neighborhoods, prohibit short term rentals under the Miami 21 code; T4 through T6 and CI-HD zones generally permit them (City of Miami). Send us the address and we will confirm the transect zone before you spend anything.
My condo building allows short term rentals. What do I still need?
Four things: a Florida DBPR license, a Miami-Dade Certificate of Use with its inspection, a City of Miami business tax receipt, and a county tourist tax account (Florida DBPR; miamidade.gov). Building rules stack on top: minimum stay lengths, guest registration, elevator deposits. We manage all of it.
What is the difference between Miami and Miami Beach rules?
Different cities, different codes. The City of Miami permits short term rentals in specific transect zones with licensing. Miami Beach prohibits them in most residential districts and fines illegal rentals starting at $20,000 for a first offense (City of Miami Beach, miamibeachfl.gov). An address check settles which rulebook applies to you.
How much tax does a Miami short term rental pay?
About 13% on the rent: 6% Florida sales tax, 1% Miami-Dade surtax, and 6% county transient taxes (2% Tourist Development, 3% Convention Development, 1% Professional Sports Facility) (Florida Department of Revenue). Platforms collect some of it; the rest is remitted monthly. We file it all for managed properties.
What should I ask a Miami manager before signing?
Start with zoning: ask them to confirm your transect zone and certificate eligibility in writing. Then occupancy versus market, the full fee schedule, and guarantee terms. Our vetting guide, 21 questions to ask before hiring an STR manager, has the complete list.
Start with the zoning answer and the revenue number. One call covers both: Book a Revenue Gap Audit
Brad McRae is the founder of Yours Truly Hospitality and operates its portfolio of luxury short term rentals from Palm Beach south to Miami with his wife Justina. More about Brad and the YTH team.
Updated July 2026.