Property management
Delegating property management
Managing a rental property is both time and energy-consuming.
It involves managing the relationship and communication with the tenant, handling administrative tasks, managing financial flows, and dealing with operational issues that may arise (e.g., water damage).
Questions may also arise regarding how the co-property expenses are split between owner and tenant (accrued provision vs lump sum)
Finally, tax issues are crucial. For instance, furnished rentals offer significant tax loopholes (the « régime réel » plan allows amortization significantly reducing and sometimes even annulling the taxable base -not applicable to unfurnished rentals).
- What is included in property management
- Benefits of outsourcing property management
- Filling out tax return for rentals
How is rental income taxed
Owners generally focus on the gross rent they can earn but may overlook the opportunities offered by the tax system. In particular, the taxation of furnished rentals allows for optimization mechanisms that can, in certain cases, eliminate taxes on rental income. Don’t hesitate to contact us for more information