1 or 2 Bedroom AirBnb?

[Roxan Wais-Shirley]

Hello everyone! 
I would like to invest in a short term rental (Airbnb) property in Miami Beach. I’m trying to decide if I should purchase a 1 or 2 bedroom condo. Which would be more profitable?

Looking forward to hearing your thoughts and personal experience. 

[Tim Coffey]

Here is my take, but know I just started mid-October so I am not a pro. I have a 2 BD 1BA apartment over my workshop. While I do not have the beds for a large family or group of friends, my place had been very busy with singles and couples looking to get away by themselves, seeking options other that hotels when in town for work, small gatherings of friends that cannot afford a larger place. 

To me, I have more options and I don't have to wait on a larger group for a payday.

It is also up to how you manage. I self clean and I do not want to clean up after 8 or more folks.

Also, though, location is part of the equation. I am around wedding venues, wineries, hiking trails, mountains, etc. My place would not be a destination for families who want to pool their resources for a larger place where they can stay together.