AirBNB is a Great Real Estate Investment in South Florida

Do you own property in South Florida? Maybe you’re tired of leasing it to ungrateful and unhappy tenants and you’ve had enough of their problems for a change. You’ve decided that Airbnb might be a better option for you at this point but you aren’t certain.

To help you decide, we’d like to share some of the many reasons why we feel South Florida is the ideal place for Airbnb hosts. Not only is the money amazing (Airbnb hosts earned $111 million in South Florida in 2018), there are many other reasons why this is an attractive option to homeowners in Broward, Miami-Dade, and Palm Beach counties.

So, to help you determine if this is the best choice for you or not, we’d like to share some of the most important reasons why we feel Airbnb hosting is a great idea. So look at the information and make an informed decision based upon your wants and needs.

Why Air BNB is Doing Well in South Florida

Tourism Continues to Increase in South Florida

Florida Beach

Once again, tourism has increased exponentially in South Florida. In fact, according to Governor Rick Scott, tourism is thriving and reached an all-time record of 33.2 million visitors in the first quarter of 2018.

This is a massive increase. In fact during 2017 during the same timeframe, South Florida only had 31.1 million tourists visiting at the time. So this is a 7.4% increase year-over-year and a huge jump in tourism.

What does this mean for you, a potential Airbnb host? It simply means that your huge potential clientele is consistently getting bigger over time. It means you’ll have no trouble finding people to rent your home or apartment on a short-term basis. It means you’ll have lots of happy customers clamoring to pay top dollar to stay in your gorgeous place.

Guess what? We’ve only talked about tourism so far. There are also many people that visit South Florida each year for business reasons. And guess what? These people aren’t always looking to spend top dollar on hotel accommodations. They often prefer to have a more personal, homier experience in an affordable home, room, or apartment that they rent on Airbnb instead.

The State of Florida Has Record Numbers of Visitors Increase Eight Years in a Row

Not only is South Florida an incredibly attractive tourist spot, but the entire state of Florida is seeing more and more visitors every year. According to Visit Florida, the state’s official tourism organization, the entire state of Florida had 126.1 million out of state visitors in 2018.

Believe it or not, this record-breaking number actually happens fairly regularly since tourism has gone up eight years in a row. As an example, tourism in Florida in 2017 saw a record number of 118.8 million out of state visitors. The total increase from 2017 to 2018 is 6.2%.

Conventions and Trade Shows Are Abundant in South Florida

As if tourism wasn’t enough, it’s also important to know that a mass abundance of conventions and trade shows take place in South Florida each year. While many conventions are often held in hotels, plenty of convention guests tend to look for alternative housing nonetheless. So while this may seem like a dead-end to Airbnb hosts, nothing could be further from the truth.

The great thing about conventions and trade shows is they attract a lot of visitors to the area. Hotels sell out quickly when big conventions come to town and many people tend to look for alternative housing solutions. That’s where Airbnb hosts tend to make a killing because there are plenty of guests to go around for everyone offering accommodations in the area.

And the conventions bring people from all walks of life. You’ll see things like vegan food festivals, LGBT international business conventions, business expos, art showcases, and so much more happening at any given time. You can focus your advertising toward convention goers and attract many wonderful short-term renters throughout the year.

There’s Plenty to Do When Visiting South Florida

Last but certainly not least are the amazing attractions. The reason South Florida has so many visitors is because there’s so much to do. You can go to the beach, many of the wonderful museums, go fishing, play golf, or do any number of other things while visiting here. All of these wonderful experiences attract visitors in droves, which is excellent for Airbnb hosts.

Bottom Line

Do you now see why South Florida is such a great place to be an Airbnb host? Millions of people visit the area every year so you’ll never run out of guests. There’s so much to do and so many wonderful attractions that people can’t help but visit the area. So if you’ve been on the fence, it’s time to hop off and become an Airbnb host today.