Invest in Florida rental property from Monaco.
Monaco concentrates a great deal of capital into a very small market. Florida offers the opposite: a large, liquid rental market priced in dollars, at entry points a Monaco address rarely reaches.
Why Monaco-based 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 Monaco.
These are the points that come up in every conversation with Monaco-based 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 a property, a portion of the sale price is generally withheld for the IRS and credited against what is actually owed. It affects your cash at closing, so it belongs in the plan early.
No U.S. estate tax treaty
The United States and Monaco do not have an estate tax treaty, so a Monaco-based owner does not get treaty relief on U.S. situs assets. It is the first point to raise with your advisor, and it can influence how the property is held.
Monaco levies no personal income tax
Most Monaco residents pay no personal income tax, so the U.S. side is generally the only layer on rental income. Your advisor will confirm how that applies in your situation.
Income in a second currency
Rent is collected in U.S. dollars while your costs sit in euros, which is either diversification or exposure depending on how you look at it. Worth deciding 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 Monaco-based owners.
Yield. Florida rental stock in the $150,000 to $300,000 range produces rent-to-price ratios that prime European markets rarely match, in a market deep enough to buy and sell in.
No. The LLC, the purchase and the management all run remotely, and you approve the property before closing.
Through your own U.S. LLC, which we form. How that interacts with your estate planning is a conversation for your advisor, and we will work alongside them.
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.