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Cap rate calculator
The cap rate calculator is used to understand and compare the potential return on investment from an investment property.
Enter the current market value or purchase price of the property. This is the basis for determining the capitalization rate.
Input the total yearly income generated by the property, including rent, fees, and any other sources of revenue, before expenses.
Input the percentage of annual gross income that represents the property's total operating expenses. This is an alternative way to represent operating expenses if the exact dollar amount is unknown.
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Input the estimated percentage of time the property is unoccupied or not generating income. This accounts for potential income loss due to vacancies.
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ResourcesseparatorProperty Management for Short Term Rentals

The Top 3 Miami Airbnb Management Companies: A Comprehensive Review

Key takeaways

The Top 3 Miami Airbnb Management Companies: A Comprehensive Review

BOTTOM LINE

Miami draws 24+ million visitors annually and delivers some of the highest ADRs in Florida. Strict city regulations — owner-occupancy requirements, occupancy caps — make compliance expertise essential. Awning by RedAwning is the top-rated full-service option: 10–15% commission, compliance support, and 24/7 management. Use the free Airbnb estimator to see what your Miami property could earn.

Miami STR Market Overview

Miami is one of the strongest luxury STR markets in the U.S. — 24+ million visitors per year, year-round demand driven by beach tourism, Art Basel, Ultra Music Festival, and international travel from Latin America and Europe. Average daily rates for Miami Airbnbs run $200–$350 for standard units, with waterfront and luxury properties commanding $500–$1,500+ per night during peak events.

Annual gross revenue for a well-managed 2-bedroom Miami Beach condo: $60,000–$95,000. A 4-bedroom waterfront property in Coconut Grove or Key Biscayne: $120,000–$200,000+.

Miami STR regulations: Florida requires a state vacation rental license. Miami's city regulations additionally restrict non-owner-occupied rentals in Estate and Low Density Residential zones to properties where the owner lives on-site for 6+ months per year and is present during all rentals. Maximum occupancy is capped at 12 persons. Miami Beach has its own strict overlay with additional licensing. Working with a manager who knows Miami's regulatory landscape by neighborhood is essential. For broader Florida context, see our Florida Airbnb management companies guide.

 

The 5 Best Miami Airbnb Management Companies

CompanyFeeService LevelRatingCoverage
Awning (RedAwning)10–15%Full-service4.7/5Nationwide
RedAwning15%Half-service4.2/5Nationwide
AvantStay20–30%Full (luxury)3.2/5Select markets
Evolve10%Half-service3.8/5Nationwide
Vacasa / Casago25–35%+Full-service2.1/535 states

1. Awning by RedAwning — Best Overall Miami Airbnb Manager

Factor Awning (RedAwning)
Management Fee 10–15% of gross revenue
Service Level Full-service
Coverage Nationwide
Response Time Under 15 minutes (guest)
Guest Rating 4.8/5
Contract Month-to-month

Awning — acquired by RedAwning in April 2024 — is the top-rated full-service Airbnb management company in Miami, Florida. At 10–15% of gross revenue, Awning delivers complete management with no hidden fees and no long-term lock-in. For a full review of services and pricing, see our Awning property management review.

What Awning handles in Miami:

•        Professional listing creation and optimization across 50+ booking channels including Airbnb, VRBO, and Booking.com

•        Dynamic pricing updated daily using market demand, local events, and competitor rate data

•        24/7 guest communication — inquiry through checkout — with under 15-minute average response time

•        Turnover cleaning coordination with vetted local vendor networks

•        Maintenance request management and on-the-ground coordination

•        Monthly owner statements with transparent, itemized accounting

•        Owner portal with real-time booking calendar and revenue tracking

 

Before comparing managers, use the free Airbnb revenue estimator to get an independent projection for your Miami property. That number gives you a baseline to evaluate every manager's fee structure on actual dollar terms rather than percentages.

Best for: Any Miami vacation rental owner who wants genuinely passive income, competitive fees, and no long-term commitment. Awning is the default right answer for the majority of properties in this market.

2. RedAwning — Best Half-Service Option

RedAwning is Awning's parent company and operates a technology-driven distribution platform across 50+ booking channels. As a standalone option, RedAwning offers half-service management — listing distribution and channel management without the full local service stack. See our RedAwning property management review for details.

Best for: Miami owners who already have local cleaning and maintenance teams and want enterprise-level distribution technology without paying for services they don't need.

3. AvantStay — Best for Miami Luxury Properties

AvantStay manages large luxury properties in premium Miami neighborhoods — Coconut Grove, Coral Gables, and select Miami Beach zones. Their group travel and luxury positioning generates rate premium in Miami's competitive high-end market. See our AvantStay review to see if your property qualifies.

Best for: Owners of 4+ bedroom luxury properties in Miami's premium neighborhoods who meet AvantStay's qualification criteria.

4. Evolve — Best for Hands-On Miami Owners

Evolve is a nationwide STR marketing platform, not a full-service manager. At 10%, they handle listing creation, dynamic pricing, and guest communication — but not cleaning, maintenance, or local operations. If you live near your Miami property and have vendor relationships in place, Evolve's low cost makes sense. If you want hands-off management, it doesn't. See our full Evolve property management review.

Best for: Miami owners who are actively involved in day-to-day operations and want the lowest-cost marketing and booking layer available.

5. Vacasa / Casago — Full-Service Option with Higher Fees

Vacasa / Casago operates in Miami under Casago's franchise model following its December 2024 acquisition. The full-service model remains intact in established Casago franchise markets, but fees run 25–35%+ of gross revenue — significantly higher than Awning for comparable service. See our full Vacasa review before signing any agreement.

Best for: Owners whose specific local Casago franchisee has strong reviews in this market, and for whom the higher fee is secondary to brand recognition.

How to Choose the Right Manager for Your Property

Every Miami property is different. The right manager depends on your involvement level, property type, and revenue goals. Use the free Airbnb revenue estimator to establish your Miami property's earning potential, then apply each manager's fee to understand what you keep. Also read our guide on how to find a trustworthy Airbnb manager for the interview questions and red flags to watch for before signing.

 

For context on STR compliance in this market, see our short-term rental laws guide. For insurance considerations, see our short-term rental insurance guide.

 

Also see: Florida Airbnb management companies for a broader view of the market, and our 7 best Airbnb management companies in 2026 for a national comparison.

 

Frequently Asked Questions

Is Airbnb legal in Miami?

It depends on your property's zone and your situation. Florida requires a state vacation rental license. Miami's city regulations restrict non-owner-occupied rentals in low-density residential zones. Condominiums may also have HOA restrictions. Always verify your specific address with Miami-Dade County before listing.

What do Miami Airbnb management companies charge?

Miami STR management fees run 10–35%+ depending on service level. Awning offers full service at 10–15% — the strongest value available in this market.

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