FOREIGN REAL ESTATE INVESTORS

FOREIGN INVESTORS

Flarent Inc. welcomes foreign investors! Our company is a dedicated Property Management firm since 1991 and has 30 years of experience doing business with foreign investors looking to maximize the return on their real estate investments. We manage long term rentals including completed homes, condos, townhomes. As a foreign investor, it is important that you understand what affects you and what are your responsibilities in the sale or rent of real estate. We are here to help you!

It is our objective to professionally manage each property with the highest level of service, while staying in compliance with state and local laws and keep up to date with industry standards.

Our goals are always to:

Find the best qualified tenant for your property.
Maximize earnings and minimize your expenses
Annually evaluate the rental market to ensure that we are generating the highest return on your investment.
Have timely and proper rental collections and payables disbursement
Provide up-to-date reporting and complete accountability
Inspect your investment property regularly and oversee all property maintenance to keep it operating in its best condition.

IRS FORM NEEDED TO DO BUSINESS IN USA

It is your responsibility to obtain your Tax ID and a completed W-8 BEN before you do business in USA. Without a Personal Taxpayer Identification Number (ITIN and completed W-8BEN) you are subject to backup withholding at 30%.

Form W-8 BEN – Certificate of Foreign Status of Beneficial Owner for US Tax Withholding and Reporting (Individuals)

SERVICES INCLUDED

Management Services

Administration, communication, and correspondence with owners, residents, and vendors
Advertise property when vacant
Property inspections, reporting and follow-up
Modifying and consulting when considered necessary
Preparing property for rental
Connect utilities when necessary for rental
Rigorous screening, tenant placement, and leasing
Hire an attorney for lease preparation, enforcing the collection of rent or the eviction of a tenant
Negotiate with and engage the services of professional and insured vendors
Evaluate and recommend purchases of equipment, materials and supplies required for regular maintenance
Provide an emergency service telephone number and immediate response to emergencies
Assess and supervise any required repairs
Send out notices to tenants
Coordinate monthly services such as lawn and pool maintenance

Financial

Management of accounts receivable and accounts payable
Monthly accounting statements
Monthly accounting is provided by Appfolio Property Manager Software
Collect all rents and disburse all debts, providing a detailed account of all transactions with vendor receipts
Provide administration and accounting for Security Deposits as required by Florida Statutes.
Render any final accounting required (Direct Deposit to USA banks is free of cost, however, International or Domestic Wire will have a transaction fee)
Financial Statements (monthly, yearly and preparation of annual budget)
Preparation of 1042-s to tax return

Additional Services for a minimum fee (not included in our contract)

Pay your real estate tax yearly
Pay your HOA or Condo Dues
Pay your home insurance a/k/a Landlord Policy
In case of major repairs or catastrophe we will meet the insurance company, representative or contractor on site during the claim and we will oversee the entire process.

FEES

Our fees may vary; therefore, we would like to offer you a no-obligation rent market analysis by taking an honest, thorough, and comprehensive look at your real estate portfolio and financial goals.

Please call our Real Estate Agent today at (407) 339-5797 or email us at info@flarent.com.