How Much Do Property Management Companies Charge in Miami, in 2025?

If you're a home owner looking to rent your property in Miami, figuring out how much a property manager will cost is one of the first steps in protecting your investment, and your time. But the truth is, pricing varies. A lot. Between traditional percentage-based models, flat-rate alternatives, and hidden fees, knowing what’s normal in Miami (and what’s not) helps you make smarter decisions.

This guide breaks down what property managers in Miami typically charge, what’s included, and which factors can impact the price. Whether you own a single-family home in Coral Gables, a condo in Wynwood, or a short-term rental in Miami Beach, here’s what to expect.

Typical Fee Structures in Miami

In Miami-Dade County, long-term rental property management fees typically fall between 8% and 12% of the monthly rent collected. That mirrors broader Florida metro norms.

Some companies offer graduated tiers: for example, a low tier might be 6.9%, mid tier 10%, and top tier 14.9%, depending on service levels and property type.

Long‑Term Rentals

Long-term rentals are highly stable in Miami. A one-bedroom unit in Brickell or Little Havana often rents for $2,700 to $3,500 per month. Vacancy rates are low, around 5-7% annually.

Typical cost breakdowns include:

• Management Fee: 8‑12% of rent.
• Leasing Fee: 50%-100% of one month’s rent.
• Setup Fee: $200-$300 locally
• Renewal Fee: Around $500-$1000.
• Maintenance/Inspection Fee: National average $110, though urban Miami condos may command higher local rates.
• Eviction Handling: $500–$1,000.
• Vacancy Fee: Some charge to cover marketing or upkeep during empty months.

Long-term management tends to be leaner. In neighborhoods further from the water, like Westchester or Doral, maintenance costs may be lower than in beachfront areas prone to corrosion or flooding risk.

Short‑Term Rentals

Short-term (vacation-style) rentals in Miami, especially in hotspots like Miami Beach, deliver higher revenue but come with more complexity.

Key stats:

• As of mid‑2025, average daily rate (ADR)daily rate (ADR) is $265 and occupancy is at 50% with a median annual income of $37,001.
• In Miami Beach specifically, occupancy averages 69% between June 2024 and May 2025, with strong seasonal peaks.
• Typical nightly rates are $150 to $300 and occupancy 60–80%, where one-bedroom units average $200/night and two-bedroom from $300 one way.

Fee structures here reflect demand spikes and guest turnover:

• Management Fee: Often 12–18%, ballooning as high as 25% in ultra-demand areas like South Beach.
• Additional costs include guest services, cleaning, dynamic pricing, and 24/7 support.

Short-term investing hotspots like South-West Coconut Grove yield  around $4,086/month with only 43% occupancy where Overtown sees $3,253/month and 53% occupancy. These figures underscore the balancing act between rates and occupancy.

Volume Discounts & Pricing Tiers

If you own multiple units, especially in areas like Downtown or Edgewater that cater to short-term travelers, fees often scale downward:

• 1-10 units: 10%
• 10-50 units: 4-7%
• 50+ units: as low as 2.5-3.5%

Long-term portfolios (e.g., several rentals in Hialeah or Little Haiti) may see 1-2% discounts if consolidated under one management.

Factors Affecting Fees

• Location Risk: Waterfront properties in Miami Beach or Key Biscayne face higher insurance and maintenance costs.
• Regulatory Burden: Miami Beach requires a Certificate of Use ($36.70) and annual inspections ($136.17) for short-term rentals.
• Licensing: Florida law mandates commission-based managers hold a real estate broker’s license.
• Late Fee Rules: Florida allows a “reasonable” late fee, typically $20 or 20% of rent, whichever is greater and must be in the lease agreement.

Belong: Making Local Property Management Lovable

Belong offers a new standard of property management in Miami, combining transparent pricing, full-service support, and tech-enabled efficiency that’s rare in the local market.

Here’s what sets Belong apart:

1. Transparent, Simple Pricing

Belong has 2 main fees: a one time placement fee of 60% (or minimum of $1,850) of one month’s rent. This fee is waived if we can’t find a tenant before 60 days, and a maintenance flat-fee of $199 a month. No bait-and-switch pricing. No surprise fees you didn’t know about.

2. Everything’s Included

While many Tampa firms upcharge for inspections, lease renewals, or maintenance coordination, Belong includes many services like:

• Regular inspections
• Eviction Protection
• Guaranteed Rent
• Mobile App
• 3D & Virtual Tours
• Premium Advertising
• 24/7 maintenance dispatch
• Vetted, rent-guaranteed residents

3. Local Data, Smarter Pricing

Belong uses Miami-specific rental market data to help you price your home right.

Whether you're renting a waterfront condo in Brickell or a bungalow in Little Havana, Belong's valuation engine factors in comparable listings, seasonality, and neighborhood trends.

4. Legal and Compliance Support

Belong helps ensure compliance with Tampa’s complex rental rules, including:

• Deposit handling timelines
• Pest control obligations (required only in multifamily units under Florida law)
• Licensing updates for short-term rentals

Belong delivers premium service without the premium price, backed by local expertise, full transparency, and support that’s actually responsive.

FAQ

Should I choose long-term or short-term rental management in Miami?

Long‑term offers stability (low vacancy, modest fees), while short‑term offers higher income potential but requires more involvement and involves deeper fee structures.

Can late fees exceed 5% of rent in Florida?

Yes, Florida law allows a “reasonable” fee up to $20 or 20% of rent, whichever is greater, but it must be written into the lease.

Do I need insurance for property near water?

Yes. Properties in flood zones or near the coast, like Key Biscayne, often require flood insurance, which can raise management and maintenance costs.

How does Belong differ from other property managers?

Belong stands out in Miami with clear pricing, no hidden fees, and 24/7 support from local experts. It’s a full-service, worry-free experience backed by guarantees, from fast leasing to guaranteed rent,  all designed to give you peace of mind.