Investors who have bought an apartment (or several apartments) with Paris Rental often become landlords, both for the furnished rental and for the rental management of their new real estate purchase. Before selling this property, Paris Rental has for many years rented this furnished apartment, so that it is totally aware of the history of that real estate property: the work that has been done, renovations and fixtures that were added, any water damage occurred, any upgrading to successive French standards, everything to be known about the apartment has been efficiently recorded. The result is a wealth of information for new buyers who know their investment’s health and its rental value.
No bad surprise when buying with Paris Rental!
Therefore, the investor’s property goes on with its yielding life.
On the 5th floor of an ancient building, bricks and stones, two bedroom apartment. Dining room, living room opening on a balcony with a view, fully equiped kitchen opening on the dining room, 2 bedrooms, one bathroom, separate toilets. Maids room, cellar.Lift Nice building, well maintained, Concierg...
€1,060,000 Agency fee included 3 % tax included payable by the buyer • Net seller price = 0 €In the midlle of the famous 7th arrondissement of Paris, apartment just like a house. Ground floor, living, study, one bedroom with bathroom en suite, family room, independant kitchen, on the first floor, three bedrooms with bathrooms. Dressings, laundry room, two entrances. garage with living auth...
€1,560,000 Agency fee included 4 % tax included payable by the buyerYou bought an apartment for its many qualities and its attractive price. However, your intention is not to live in this apartment. For example, you have anticipated for your children who in a few years will become students, or you have imagined this apartment as a lovely pied-à-terre in Paris, upon retirement.
But in the meantime, as the investor that you are, you wish to make this purchase profitable. Clearly, a rented furnished apartment is always more profitable than an empty one!
Advantages
The benefits are many, but the main benefit is a financial one. Indeed, the furnished rental is financially and fiscally more interesting than an empty rental.
On a financial basis : According to the the property’s location and its furnishings and amenities, the rent of a furnished rental is generally 10% to 15% higher than that of an empty dwelling.
On a fiscal basis : the income resulting from an unfurnished lease is called "Revenu Foncier", and is taxed on the basis of the “Micro-Foncier” (up to 70 000 € / year) or on the basis of the “Real scheme” (70 000 € / year and up).
The furnished rental revenues are considered "Industrial and Commercial Benefits" (in short, BIC), and they are subjected to the “Micro-BIC” regime (up to € 70,000 including charges / year) and to the “Real” regime above € 70,000 / year.
For example: In Paris, renting an unfurnished two-room apartment of 40 m² to 1,150 euros per month, brings 13,800 euros per year to the owner. The owner will have to declare the entire 13,800 euros of his property income.
Renting the same two-room furnished for a rent of 1,400 euros per month brings in 16,800 euros per year. The owner will declare only 8,400 euros in his income “BIC” (an advantage of a 50% discount).
But a furnished rental requests a bigger investment from the owner, financial and personal!
Some disadvantages
With Paris Rental’s assistance, small surfaces which are in high demand by expatriates on professional mobility in Paris, and which are the most profitable for landlords, will be immediately yield income. Contact "Home Management" to manage your Furnished Property Rental for you!