People rent mansions in Miami for many different reasons. A mansion located in Miami can be the perfect venue for a party, concert, wedding reception, music video shoot, or another type of event. Some of the world’s most unique and exclusive mansions are in the Miami area and renting them short term can get expensive.
This article is going to go into detail about the mansion rental business in Miami and provide you with some helpful tips on how to find the mansion you’re looking for at the right price.
Miami mansion rentals are a huge and complicated business
Throwing a house party is cool, throwing a mansion party is on a whole new level. Like in all real estate, it’s all about location. Miami is known as a destination for some of the most extravagant and elaborate parties in the world. Using a mansion in the Miami area as an event location is a bold statement that will elevate any event.
Mansion rental in Miami is not a new thing. People have been renting out their mansions as event venues for years, but only now with the advent of online rental platforms have we seen the business really explode.
Fines imposed by the city have tried to stem the short-term rental market. The $20,000 fine for unlicensed rental properties in Miami Beach starts to make sense when you can rent a mansion for $8000 a night like the one that Kylie Jenner famously rented. Many property owners see the rewards outweighing the risks, but there are ways to make your property legal for short-term rental and many people are starting to go that route. The regulations are less restrictive in the rest of the Miami area and having an event at a mansion on the outskirts of town can add a layer of exclusivity to your event.
Preparing for your mansion based event in Miami
There are plenty of ways to search for and rent mansions in Miami, but not all of them are designed for events. You have to be careful you understand exactly what is and isn’t okay to do in a specific mansion space before you plan your event.
Before you throw your mansion party there are some things that you should consider first. The most important is who is going to be attending. Your guest list makes all the difference and will set the tone for your event. The more interesting people you invite, the more fun your party will be. While the simple fact that the event will be held in a mansion will be a draw factor by itself, you should still have some type of entertainment draw prearranged. There are also a host of logistical considerations like door service and parking that need to be planned out before you start sending invitations.
The tricky thing about renting a mansion through traditional means is it’s hard to do on short notice. It takes a good deal of trust for somebody to hand you the keys to a mansion worth millions, luckily we have technology today that allows for this transaction to happen much faster and more secure than ever before.
Of course, Airbnb is a great option to find and rent mansions in Miami. You’ll find a good selection of mansions for rent on Airbnb, but you have to rent them for a full day and night which can get costly. If you only need the space for a short time, then you should look into renting mansions by the hour on the Madstudios platform. The most optimal choice for you will depend on your specific event.
What’s next for Mansion rental in Miami?
It’s an interesting question. While there is no doubt that the city government will continue their expensive fines for non-licensed operations, you can also bet that the rental business will grow. Technology has made the short-term rental marketplace too lucrative to set aside and more and more mansion owners are putting their spaces online every day. We should all expect a future with even more incredible properties in Miami becoming available for rent by anyone with the budget.
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