Rent Your Vacation Home or Condo in West Miami, Florida

When you're considering renting out your West Miami home as a short-term rental, it's important to keep in mind the current trends in the market. Here are some of the most popular positive vacation rental trends in West Miami: 1. Increased demand for vacation rentals among locals and tourists alike. 2. Increased popularity of Airbnb and other short-term rental platforms. 3. Rising prices for rental properties, which has made them more accessible to less affluent households. 4. Increased demand for vacation rentals among families, who want to enjoy their homes while they're away and enjoy the peace and tranquility of West Miami. 5. Increased demand for vacation rentals among retirees, who are looking for a quiet, relaxing environment in which to spend their golden years.

When partnering with RedAwning for your property management needs, we can make sure your West Miami rental is set up correctly and ready to generate the most amount of revenue possible per stay.

Current Vacation Rental Trends in West Miami

During the month of November, Miami, for example, is projected to generate over $211/night for a 2 bedroom vacation rental, on average! There were 14,587 vacation active rental properties in West Miami.  12,571 are renting the entire place, and 2,016 are shared rooms.  On average, during the month of November 2023, each vacation rental property in Miami is booked 59% of the time, and most hosts are projected to generate $2,687 or more during the month of November! Is your home in West Miami and areas including West Flagler, Westchester, West Little River, West Sweetwater Estates, West Kendall, West Tamiami, Westwood Lakes, Westview, West Miami, or another neighborhood in West Miami, Florida? See how much you could earn with your West Miami vacation rental.
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$211.00 Per Night*

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58% Occupied*

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$2,687.00 Per Month*

* Based on the median average of all vacation rentals in the West Miami area.
Get a free estimate for your home or condo.

Vacation Rentals in West Miami are generating record profits with RedAwning.
Find out how you can exceed your revenue goals with RedAwning's property management resources.

Successful short-term vacation rentals in West Miami, Florida

When you're considering renting out your home as a short-term rental, it's important to keep a few positive vacation rental trends in mind. One of the most popular trends right now is renting out homes in coastal areas. West Miami is especially popular for this reason, as it's located just minutes from the ocean. Additionally, many people are interested in renting out homes in warmer climates - like Florida - during the wintertime. So if you're thinking of renting out your home in West Miami, be sure to keep these trends in mind. You might be surprised at just how popular short-term rentals are these days, and you could easily make a lot of money by catering to these trends.

When you're considering renting out your West Miami home as a short-term rental, there are a few positive trends you should keep in mind. For starters, there's been a rise in tourists visiting the area. This is thanks to the growing popularity of luxury resorts like the Fontainebleau, which are located just a few miles from West Miami. Additionally, more and more people are choosing to vacation in Florida instead of spending their holiday in colder climates. This is due to the state's many cultural and recreational attractions, like its beautiful beaches and lush vegetation. So if you're looking to turn your West Miami home into a profitable short-term rental, keep these positive trends in mind. You'll be able to attract a wide range of tourists, who will enjoy your home's peaceful and serene atmosphere. And thanks to the state's growing popularity as a holiday destination, you'll be able to enjoy high rental rates without having to worry about long-term maintenance costs.

RedAwning takes the guess-work out of West Miami property management, and we work with you to ensure your West Miami short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.

See how much your West Miami vacation rental could earn:

Revenue Projections for Vacation Rentals in Miami/West Miami, Florida during December, 2023

Based on a 2 bedroom, which is the most common West Miami vacation rental home size, we've come up with an estimated rental amount you could charge per night and how much demand there is for each day in December. Higher bars below can command higher prices, if your West Miami vacation rental is available during these days.
 
$34784%1st
 
$35384%2nd
 
$32883%3rd
 
$31983%4th
 
$32383%5th
 
$33784%6th
 
$38087%7th
 
$41789%8th
 
$41989%9th
 
$35684%10th
 
$30280%11th
 
$29179%12th
 
$29479%13th
 
$30579%14th
 
$33681%15th
 
$33781%16th
 
$31080%17th
 
$29879%18th
 
$30179%19th
 
$30680%20th
 
$33680%21st
 
$38282%22nd
 
$40183%23rd
 
$40084%24th
 
$39184%25th
 
$38585%26th
 
$38885%27th
 
$40985%28th
 
$47086%29th
 
$47886%30th
 
$45685%31st
 

Average Daily Price & Percent Occupied Next Month In West Miami

Note: These averages are based on a 2 bedroom home in Miami. If you'd like to find out how much revenue your home could make by providing the number of bedrooms and specifics about your vacation rental, please try our  free vacation rental calculator and/or speak with one of our vacation rental experts about your vacation home, condo or unique vacation rental experience.

Interested in learning how you can maximize your vacation rental revenue in West Miami, Florida?

If you are a speculative home buyer or have another home in Florida, check out our other Florida Vacation Rental Management reports in Bradenton BeachBradentonBrooksvilleCape CanaveralCaptivaClearwater BeachClearwaterClermontCocoa BeachDade CityDaniaDavenportDaytona BeachEnglewoodFort LauderdaleFort MyersHaines CityHollywoodJacksonville BeachJacksonvilleJensen BeachKey WestKissimmeeMarathonMarco IslandMiami BeachOrlandoMiamiNaplesNavarreNew Port RicheyNorth Weeki WacheePalm BeachPompano BeachPunta GordaSaint PetersburgSanibelSarasotaSatellite BeachSt. AugustineSt. PetersburgStuartSurfsideTampaVero BeachWest Palm BeachFt. WaltonDestinPanama City BeachMiramarSiesta KeyPalm CoastFlagler BeachGeorgetownDatona BeachNew Smyrna BeachOak HillMelbornePalm BayFort PierceDelray BeachBoca RatonBrunswickHudsonVeniceBoca GrandeBonita SpringsEverglades CityOkaloosa IslandCape CoralDaytonaPort St. JoeCrystal RiverGainesvilleFort Myers BeachFort Walton BeachFernandina BeachSanta Rosa BeachHolmes BeachCape HazeSaint AugustineMiramar BeachTreasure IslandAnna MariaInlet BeachNavarre BeachInvernessChampions GateHollywood BeachSunny IslesPlacidaSeacrest BeachRosemary BeachHainesSunny Isles BeachIndian Rocks BeachDaytona Beach ShoresOkeechobeeLongboat KeyReunionPalm HarborProvidenceLake Buena VistaHernandoCortezOakland ParkMelbourneSeagrove BeachFour CornersFt Myers BeachOrmond BeachPanama CityCrescent CityLargoDavnportBlue Mountain BeachSaint Augustine BeachPanama Beach CityChampion GateSt. Pete BeachPlantationKissimmieeKissimmeMarco IsandPalmettoMarcoMirimar BeachSt AugustineHallandale BeachSeminoleIndian ShoresDvenportDeltonaDunedinFt. Myers BeachRotonda WestLauderdaleHainescityEastpointGrayton BeachSeasidePensacola BeachLake PlacidShalimarPort St. LucieWinter HavenOcalaPensacolaWilton ManorsDaviePort RicheyOcoeeHorseshoe BeachNorth Miami BeachMargateLehigh AcresLake PanasoffkeeCutler BayHaverhillLake WalesGolden BeachSea Ranch LakesPort CharlotteMiami LakesFloral CityHomesteadSt. CloudOrange ParkGulf BreezeNorth PortLighthouse PointHawthorneTarpon SpringsDuck KeyRiviera BeachDunnellonSouth DaytonaTamaracTallahasseeAuburndalePine HillsSebastianBrandonFernandinaCape San BlasCabo CoralSebringFort WhiteInterlachenSaint James CityPt CanaveralDoralIndialanticInd Hbr BchHomosassa SpringsRuskinPlant CityPoincianaQuail HeightsTemple TerrMiami GardensVlg WellingtnPonte Vedra BeachCoral SpringsDeerfield BeachSpring HillSaint Aug Beach,  and Palmetto Bay, Florida or view all of our vacation rental market reports

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