Through iSella.com, we have several agents who can help you find the ideal property that can be used as a short-term vacation rental. It is very important to use a real estate agent who has this specialized expertise. The reason is that every city, and sometimes a community within a city, has different laws with regard to short-term rentals, and some cities have even regulated the industry.
We have many years’ experience in advising buyers as to how they can structure the ownership of their real estate with regard to various tax matters such as, for instance, avoiding estate/inheritance taxes. There are many factors that should be considered, and there is no one ownership structure that fits all buyers. Every buyer has different aspects that they need to consider when buying a secondary home in Florida.
We can help you set up a company in Florida, or if buying a property in your own name, help you obtain a tax id (ITIN) from the Internal Revenue Services, in addition to a multitude of other business services.
If you would like to look into buying a vacation rental home, please contact Lars Heldre.
iRenta.com offers more services than what is typically offered by other vacation rental management companies. The reason is that most of our owners are not locals and therefore are in need of a management company that can handle every aspect of running a successful vacation rental business. To meet this need, our company has become a so called “One Stop Shop!”
Licensing and registration:
We make it easy for you! Your vacation rental property would be registered under our collective license with the Division of Hotel and Restaurants. In cities where vacation rentals are regulated, such as Fort Lauderdale, we would also make sure that your house is registered with the city and complies with all of the cities vacation rental ordinances.
We have several cleaning companies that are 100% dedicated to our owners’ rental homes to ensure that every visitor has a superior stay. With check-outs and check-ins often taking place within the same day, our cleaners are able to help ensure that you will achieve a high occupancy rate. Checking in to a iRenta.com vacation home should be no different than checking into a four or five star hotel.
Maintenance and repairs
We have fulltime property managers who take care of all of our owners’ homes. If you have minor touch-ups or repairs that are needed, we are there to correct the problem as soon as it happens to ensure that your guests and future guest are not inconvenienced. Our company has several dedicated tradesmen that can quickly respond to any problems that may occur at a property. Our property managers also act as a liaison between you and vendors providing services such as pool maintenance, landscaping, and pest control.
Accounting and taxes
Any rental in the State of Florida that is for a period of six months or shorter is subject to a 6% sales tax and a 5% Tourist Development Tax (also referred to as tourist tax, bed tax or resort tax). Again, we make it easy for you by paying these taxes for you on a monthly basis.
Through our management software solution, we keep track of all of your revenues and, for most of our clients, we also pay invoices and keep track of all of their expenses. This makes it very convenient for you at the end of the year when it comes time to file your annual tax return. For international homeowners who don’t have their own accountant, we use an accounting firm that has special expertise in preparing tax returns for foreign nationals, foreign companies located abroad, or US subsidiaries that our owned by foreign-based entities.
Renovation & interior decorating
We can help you manage any renovation project and improvement to your property. Many of our vacation rental property owners have upgraded their homes with new floors, impact hurricane windows, etc. A majority of our vacation rentals have also been professionally decorated by B Pascuali Interiors.
Why should you use iRenta.com to manage and market your vacation rental home?
Simply put: The vacation rental properties that achieve the most online exposure with the best photos and presentation wins the game, and that’s where we come in!