PROPERTY MANAGEMENT COMPANY: WHO CAN OPEN IT
Individuals who own several properties (houses, apartments, offices or shops) can open a property management company to manage their assets whether limited to one or two assets or in the case of multiple possessions. The real estate management company can also be opened by an existing company as a separate “branch” of the management of the assets belonging to the activity cam test in Nevada.
When the subject’s real estate assets are limited to one or two properties, the path chosen is often that of private ownership, but when the assets are more ambitious, it is advisable to consider setting up a real estate company in the form of partnerships or companies of capital (depending on the case). Taxation, however, is extremely different from one form to another and therefore it is important to make a preliminary assessment with a taxation simulation and understand which formula is the most suitable for your needs.
TIME ANALYSIS OF REAL ESTATE MANAGEMENT
To understand if the real estate company formula is the most suitable, however, it is necessary to consider the activity over time with an eye to the future. If the real estate investment and its management are long-term and therefore a generational handover of the properties is assumed, the company’s formula is the most suitable. In fact, the “succession” of real estate in a company allows an easier passage between heirs and allows to avoid the payment of mortgage and cadastral taxes that would otherwise affect the natural person. In this context, there is a particular advantage for real estate companies. With a real estate company, real estate can be transferred to the heirs by means of a limited liability transfer, which is cheaper than inheritance tax.
ASSESSMENT OF OBTAINABLE RENTAL INCOME
To understand if it is convenient to open a property management company, it is also necessary to consider the profitability offered by the properties, because the ordinary management of a company involves costs. To do this, it is necessary to take into account the marginal tax rate on income that the private individual receives outside the leases and the dry coupon is applicable to certain lease agreements. The dry coupon for private individuals is the most convenient tax regime, with rates ranging from 10% to 21%.