Invest in Florida rental property from Canada.
Canadians are the largest group of foreign buyers in Florida, and most of them already know the state. We handle the part that is harder from across the border: the U.S. entity, the purchase, and running the property once it is yours.
Why Canadian buyers look at Florida.
New residents yearly
Florida has ranked as the top state for domestic migration for three consecutive years, adding more than 300,000 new residents a year. Every one of them needs somewhere to live, and most rent before they buy.
No state income tax
Florida charges no state income tax on rental income. Over a multi-year hold, that difference compounds against states with higher taxes, which is a large part of why people move to Florida in the first place.
The price range that works best
Florida still has a deep stock of single and multi-family properties between $150,000 and $300,000, where the rent-to-price ratios make sense, and where a first property does not demand a fortune.
What is different when you buy from Canada.
These are the points that come up in every conversation with Canadian owners. We flag them early so nothing surprises you later, and we work alongside your accountant on the detail.
Withholding when you sell
When a foreign owner sells U.S. property, the buyer is generally required to withhold a portion of the sale price and remit it to the IRS. It is credited against what you actually owe, but it affects your cash at closing, so it belongs in the plan from the start.
The Canada–U.S. tax treaty
Canada and the United States have a long-standing tax treaty covering rental income and capital gains, and provisions that affect U.S. estate tax exposure for Canadian residents. How it applies depends on your circumstances, which is a conversation for your accountant.
Reporting the property at home
Canadian residents report worldwide income, and foreign property above a threshold is reported separately to the CRA. We provide the statements your accountant needs to file accurately.
Currency works both ways
You buy in U.S. dollars and collect rent in U.S. dollars. For a Canadian owner that is either a hedge or an exposure depending on your position, and it is worth deciding which before you transfer.
Rentalogic is not a tax or legal advisor. The points above are the topics to raise with your own accountant, not advice on how they apply to you.
How it works from here.
Your U.S. structure
We form your LLC in Florida and, if you need one, help open a U.S. bank account. No residency or visa is required.
The property
You set the criteria. Certified partner brokers search against it and bring you options, you decide which one to buy, and we coordinate the negotiation and closing.
Rented and reporting
Tenants, rent collection, maintenance and monthly statements, with disbursements to your bank account.
Questions from Canadian owners.
No. Canadians can own U.S. property through a U.S. LLC without residency or a visa. We form the entity and, if needed, help with the banking.
You can, but it changes the tax and rental picture, and it takes the unit off the rental market. Tell us up front if you plan to and we will factor it into the numbers.
Monthly disbursements go to the bank account you nominate, with a statement showing rent collected, costs paid and the net sent to you.
Investing from somewhere else.
We work the same way from every country on this list. Pick yours to see what changes and what does not.
Let’s get started.
Tell us your budget and your goal. We come back with a plan, the numbers, and the exact costs.