We outline all you need to consider if you plan on letting out your new US property with Luvanex Realty once you have made the purchase. Many investors who buy property in the USA do this to earn rental income. The US, of course, has its own rules, regulations and requirements that you need to follow to the letter in order to legally let your property out.
Are you legally able to let out your US property?
The answer is Yes! You can rent your property as an investor once you close on it. The beautiful thing about the Foreign investors’ program is the comparatives of the market are analyzed by seasoned professionals at Luvanex Realty to ensure that the monthly rental income received pays the monthly mortgage and often gives the investors some money for their pockets.
WHY YOU SHOULD HIRE A PROPERTY MANAGEMENT COMPANY?
If you plan on renting out your property, you need to employ someone to manage it for you. After all, you can’t hop on a plane every time someone new checks in, or something goes wrong. For these reasons, you should consider employing a property management company, that provide the following services:
- Repair request
- Bills and accounting
- HOA Notifications
- Tenant Applications & Screening
- Rent Collection and some cases organize eviction of recalcitrant tenants
- Tax on rental income:If you are earning income from your US rental investment, you will be liable to pay tax on it in the USA. To manage your tax liabilities correctly
We can help with leasing/renting out your investment property for a maximum of 60 days, once a property management agreement is signed with us. You can refer to our brochure for more details on other services we offer.
We recommend you contact or book a session with us to understand how property rental works in the US, and to understand all of your tax and financial liabilities as a landlord.
For answers to all your questions on letting US property, fill in this short form.