Vacation Rental Management in Key Biscayne

Yours Truly Hospitality manages vacation rentals in Key Biscayne, Florida, and is taking on new homes there now. Key Biscayne is the island village across the Rickenbacker Causeway from Brickell, with bayfront estates, beaches on both sides and a Village rule that sets the minimum stay at fifteen continuous days. That rule suits the larger waterfront home well, we file the Village approvals for owners, and the fee and our guarantees are in writing.

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 three written guarantees: the Take-Home Guarantee, the Zero Bookings Guarantee and the 90-Day Satisfaction Guarantee. We manage larger homes with pools, three bedrooms and up, on the water or within about 30 minutes of it, in the neighborhoods where design and hospitality set the nightly rate.

Now taking on new homes in Key Biscayne

Yours Truly Hospitality already manages homes in Miami, across the causeway, so our cleaning and maintenance teams already work here. The homes that fit are the bayfront and canal pool homes on Mashta Island, Harbor Drive and the island's waterfront streets, three bedrooms and up, rented for two weeks to a season to families and winter guests. The first step is a Revenue Gap Audit on the address, with no obligation: Book a Revenue Gap Audit.

Yours Truly Hospitality has managed short-term rentals across Broward, Palm Beach and Miami-Dade counties since 2023.

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What management includes in Key Biscayne

Management is 20 to 25 percent of revenue, in two published tiers.

• Full Service, 20 percent. Guest operations (listing build and channel management across Airbnb, Vrbo and direct booking, guest vetting, all guest communication at any hour, review management, a guest welcome guide for the home), plus revenue management (dynamic pricing and minimum-stay adjustments reviewed daily, seasonal and event strategy), vetted cleaning and maintenance teams, maintenance handled at any hour and around the clock in an emergency, quarterly preventative maintenance checks, pool, lawn and exterior coordination, on-call repair contractors, vendor management and quality control, smart locks, noise monitoring, pre-launch staging and professional photography arranged by us, a light design package at onboarding (Need, Highly Recommend, Nice to Have), a monthly owner statement and an owner portal. The standard engagement.

• Estate, 25 percent. Everything in Full Service plus in-house interior design and furnishing led by Justina McRae, guest and household supplies covered, routine maintenance visits covered, and priority owner response, for waterfront and estate homes with a higher-touch requirement.

Three guarantees attach to Full Service and Estate: no confirmed booking in the first 30 bookable days and the setup fee is refunded; leave for any reason between day 90 and day 120 and the setup fee is refunded; and, for homes with a full year of rental history, the Take-Home Guarantee, under which you take home at least what you did the year before or management is free until you do. The onboarding fee is quoted per property, in writing.

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Key Biscayne short-term rental rules

The Village of Key Biscayne allows vacation rentals under Section 7-31 of the Village Code with a minimum rental period of fifteen continuous days, and where a condominium's documents set a longer period those govern. Before renting, the owner holds a Village Local Business Tax Receipt, a Certificate of Use and a fire inspection by the Key Biscayne Fire Department, plus the state DBPR license. On the Village's page the Certificate of Use is $120.00 and the fire inspection $75.00, both one time, and the Business Tax Receipt is $115.76 a year, an initial cost of $310.76. Every lease must be in writing, incorporate Section 7-31 and be available on site for inspection; renting without the receipt draws a $250 civil violation notice. Miami-Dade County collects a 6% tourist development tax on stays of six months or less. The county layer is in our Miami-Dade County requirements guide; the Village's own page is here. Yours Truly Hospitality files every city, county and state registration a vacation rental needs, on the owner's behalf, before the first booking.

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Key Biscayne neighborhoods and homes that fit

Key Biscayne is an island, so every home is minutes from the Atlantic beaches on the east and Biscayne Bay on the west, and the estate streets are where our portfolio fits. Mashta Island holds the bayfront estates with large lots, pools and docks with ocean access. Harbor Drive runs along the bay with waterfront homes and boat slips, and Island Drive and West Mashta Drive add bay and canal frontage. Key Colony is largely condominium, so a unit there works only where the building's documents permit rentals. What earns here is a waterfront pool home with three bedrooms or more and a dock, rented for two weeks to a season to a family or a winter guest.

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Key Biscayne owner questions

Is Airbnb legal in Key Biscayne?

Yes, with a fifteen-day minimum stay under Section 7-31 of the Village Code, a Village Local Business Tax Receipt, a Certificate of Use, a fire inspection and the state DBPR license. Yours Truly Hospitality files the Village approvals and the Miami-Dade registrations before the first booking, writes every lease to the Village's requirements and keeps it on site for inspection.

What does vacation rental management cost in Key Biscayne?

Management is 20 to 25 percent of revenue in two published tiers: Full Service at 20 percent (the standard engagement) and Estate at 25 percent. Three guarantees attach to Full Service and Estate: the Zero Bookings Guarantee, the 90-Day Satisfaction Guarantee and, for homes with a full year of rental history, the Take-Home Guarantee. The onboarding fee is quoted per property, in writing, before you sign.

How does a fifteen-day minimum affect what a Key Biscayne home earns?

It shifts the calendar toward two-week, monthly and seasonal stays, which is where a larger waterfront home earns best anyway: fewer turnovers, higher-quality guests and less wear per dollar earned. Winter season, spring break and the summer holiday weeks fill first. We model that calendar against comparable Key Biscayne homes before quoting a number.

What kind of Key Biscayne home earns the most as a vacation rental?

A bayfront or canal pool home with three bedrooms or more and a dock on Mashta Island, Harbor Drive or the island's waterfront streets, designed for a stay of weeks. The guest is choosing between a house on the water and a Brickell high-rise, and a designed island home with a pool and a boat slip wins that comparison. We model the home against its comparable set first.

If you own a larger home in Key Biscayne and want a manager who files the Village approvals for you and puts the fee and the guarantees in writing, we should talk. Call +1-561-473-0466, email hello@yourstrulyhospitality.com, or book a Revenue Gap Audit.