Brazilian rental agencies - fees, charges, VAT etc

[ExpatNick]

An easy question for this morning - what can I expect to pay a rental agency for a full property management service? And what taxes (at what rate) are also due?

The property is likely to be a two bedroom apartment, and the intention is for long-term leases (i.e. not a holiday let property).

Thanks in advance to all who contribute.

[Dotty]

Hi Expat Nick

On the first rental you will need to pay 50% of the first rent to the agent.

Then the agents charge 15% monthly from the whole rent.

They will collect and deposit your rent on a montly basis.

If the tents are late 3 days paying your rent you are intitled to juros(a few extra pennies) being added onto that particular mth.

They willl deduct money for any repairs needed and will need to show proof of payments made to the registered companies.

You will have to make a declaration of earnings ,with receipts and bank statements as proof of evidence anually to the Receita Federal as the person you will be renting to on a longterm basis will be doing the same.

I would like to add that this is different from a pool system.

Extra-I use a very good small agency(for private rents)and they are very reliable.I prefer them to the big agencies as I get more personal care .They deal in the local market,but not in the tourist market ,so if you are planning on renting to Brasilians on longterm contracts they could be ideal.There actually is shortage of properties to rent out to Brasilians so you are on the right track.

Hava a nice day

Originally Posted by ExpatNick

An easy question for this morning - what can I expect to pay a rental agency for a full property management service? And what taxes (at what rate) are also due?

The property is likely to be a two bedroom apartment, and the intention is for long-term leases (i.e. not a holiday let property).

Thanks in advance to all who contribute.

[ExpatNick]

Dotty,

Many thanks for the (very swiftly sent) info. Would I be wrong in assuming that there's nornally very little difference in rent between furnished and unfurnished?

Thanks again,

Nick.

[Dotty]

ExpatNick,

Save yourself the money as it is not necessary.You will receive the same rent unfurnished and it will rent quickly(all depending on the area it is in) and only on a holiday let would it need to be furnished.

Originally Posted by ExpatNick

Dotty,

Many thanks for the (very swiftly sent) info. Would I be wrong in assuming that there's nornally very little difference in rent between furnished and unfurnished?

Thanks again,

Nick.

[Coxy]

I manage rental properties in Jericoacoara, and I find it easier to rent furnished. We charge 15 to 20% as a rental agreement, we provide cleaning, gardening, maintenance and 24 hr security to ensure all the owners sleep peacefully back home in their country. All our lets are holiday lets and not long term (less than 3 months).
That's my bit. Cheers.

[debzor]

Originally Posted by ExpatNick

An easy question for this morning - what can I expect to pay a rental agency for a full property management service? And what taxes (at what rate) are also due?

The property is likely to be a two bedroom apartment, and the intention is for long-term leases (i.e. not a holiday let property).

Thanks in advance to all who contribute.

This must obviously depend on location. Where I live agents charge between 10 & 15% of the initial rent for medium term - 3 months plus, and the tenant pays all the bills including maintenance and repairs apart from IPTU - annual property tax.

But this will be cash terms...

[Dotty]

Hi Coxy,

Holiday lets definately need to be furnished.

Do you do rentals and sales for personal property and other clients properties also,or just rentals?

Regards.
D

Originally Posted by Coxy

I manage rental properties in Jericoacoara, and I find it easier to rent furnished. We charge 15 to 20% as a rental agreement, we provide cleaning, gardening, maintenance and 24 hr security to ensure all the owners sleep peacefully back home in their country. All our lets are holiday lets and not long term (less than 3 months).
That's my bit. Cheers.

[Coxy]

Hi Dotty, I'm building apartments in Jericoacoara. This is my second project. The first one is being managed and serviced by myself, I also administer the rental side of the business too.
You should come and see it, or take a look at my website.
Where are you based?
Regards
John

[Dotty]

We'll be in paradise over the holidays and pay a visit,ok?!

Originally Posted by Coxy

Hi Dotty, I'm building apartments in Jericoacoara. This is my second project. The first one is being managed and serviced by myself, I also administer the rental side of the business too.
You should come and see it, or take a look at my website.
Where are you based?
Regards
John

[Coxy]

Come on down. My contact details are on my website. When are the holidays? We have holidays every month in paradise!!!