All Forum Posts by: Lindsey Clark

The average daily rate is realistic. I've done the enemy method for that area and prices range between $300-$1,000/night depending on the time of year. I don't think investors are seeing an occupancy rate of 80% though. If you purchased the airdna data you may want to look at Occupancy rate from 2020 or 2021 pre covid.

Hi Daniel,

I am a realtor/investor in the Miami area. I specialize in new development, short term rentals and foreign investors. I also own a short term rental. I am familiar with the 72 Park development. Did you get those numbers from the developer or your agent? 

If the developer gave you these numbers they are basically getting them from similar units in the area. I like to use the enemy method. Basically looking up other units near by on airbnb to see if it matches up. I do think the nightly rate is realistic. When there are big events prices can go as high as $1,000/night. Like any market there is a high season and low season. Data rabbu is a free website to look up seasonality. Airdna charges but has very accurate information. It is good to make that part of your due diligence. I recommend reaching out to your developer or agent, if you have one, with all of these question. If you need an agent with experience in this field I would be happy to speak with you.

Hi Staccia,

I am an investor friendly realtor in Miami. I am also an investor myself with multiple LTR's in Miami. Check out my bio. Please let me know if I can be of assistance. I will PM you my number since I'm not able to post it here. 

Lindsey

Congrats on getting started in REI! I'm a realtor investor in South Florida. Please let me know if you have any questions or if I can help you in any way.

Hi Johan. I may have a cash buyer interested. Buyer can pay commission so you won't have to worry about it. Can you tell me more about the property? Is everything legal because I know there are reoccupancy certificates required with Hialeah. Also, can you share the zip code? Thanks. 

Best of luck with your goals this year! Miami is highly regulated when it comes to STR but there are a few places where it is allowed. Feel free to reach out if you have any questions.

Hi William!

I haven't seen anyone from Miami respond to your post so I thought I would offer some assistance if this is the area you are interested in. There are some condos that allow STR here in Miami. I also own an STR myself so I can guide you with the setup if needed. Feel free to reach out.

Lindsey Clark

Hi Curtis,

I did not end up purchasing a property here. I purchased one in Ellijay instead. I do think it is a great market. Best of luck. 

Ill be sure to keep that in mind Dave. Ill be getting a few bids from recommended contractors. Thanks for replying!