Airbnb’s popularity is increasing as travelers tend to use it more often, giving people a better chance to invest in the real estate market from the comfort of their own houses. According to Airbnb’s 2018 Travel Trends, Miami is one of the ten most-booked global cities for Airbnb travelers after Tokyo, Paris, Osaka, New York City, London, Rome, and Orlando. Based on bookings already made for the first half of the year, Airbnb predicts that Miami will also be among top destinations for Airbnb travelers for the year 2018. The blooming industry of Airbnb in Miami real estate makes investment in short term rentals a wise decision for investors in rental properties, compared to traditional long term rentals.

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Moreover, Airbnb gave real estate investors who have vacation homes in Miami the chance to use them while also renting out some available rooms and generate positive cash flow, or use them for a certain period of time and rent them out when they do not need to use them. With long term rentals, real estate investors have to abide by legal contracts with tenants. This limits their ability to use the rental property and take advantage of it more often. Investors can also rent out a room or rooms in their primary residential real estate property and generate extra money. The flexibility of Airbnb short term rentals makes it a better rental strategy for investors in Miami real estate compared to long term rentals.

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The major reason why Miami real estate makes a better place for short term rental investment in comparison to long term rentals is its touristic location and the high occupancy rate as well as the constant demand on vacation rentals by travelers. However, this by itself does not guarantee a successful investment as real estate investors have to put time and efforts in preparing their properties, communicating with Airbnb guests, and using innovative marketing strategies to market their rental properties.