Miami is a city where it is pleasant to live and work.
The creation of new dynamic neighborhoods, the use of architects with futuristic designs, the frantic pace at which high rise buildings emerge, make Miami a city in permanent awakening that adapts to all tastes and all ages.
Miami is the city of fashion, entertainment and culture. It has the second largest opera house in the world, museums, a multitude of bars, restaurants, nightclubs, casinos and large shopping centers.
Its climate, white sandy beaches lined with coconut palms, year-round warm clear water, lush vegetation, natural parks, and trendy yet relaxed lifestyle are attracting record numbers of visitors from around the world.
With the creation of new jobs, the establishment of new companies and multinationals, there is now an increased demand for rentals.
In addition, Florida landlords are protected by law. Leases are in most cases for one year and require renewal. In case of non-payment, the eviction process takes approximatively 45 days.
Florida's tax system is very advantageous:
• No wealth tax
• Moreover, the investment via an LLC (Limited Liability Company) allows you to reduce the expenses related to this investment (condominium fees, travel, work, plane, restaurant, hotels ...)
• After one year of acquisition, the capital gain is 20%.
• If it is a residential rental property(less than 5 units), the depreciation of the acquisition is deducted over 27.5 years and 39 years for commercial like multifamilly with more than 4 units.
• In real estate, a single tax called the "Property Tax" includes the property tax, the housing tax, (about 2- 3% of the value of a property)
We are waiting for you in Miami, do not hesitate to contact us for more information