ANSWERING QUESTIONS
ABOUT THE PROCESS
Here are the answers to some of the most frequently asked questions by foreign buyers who want to make their investments by acquiring properties in Jacksonville, FL.
1. How quickly can you rent my property?
2. How do you value my property?
3. What sets ISTAMA Group apart from other property management companies?
4. When do I get my rental income?
5. What happens if my tenant doesn't pay?
Our strict tenant screening process greatly reduces the likelihood that your tenants will not pay their rent on time. However, even the best of people have bad things happen to them, so if a tenant can no longer pay the rent, we will begin the eviction process and place a tenant who can pay the rent.
6. What guarantees that the purchase is a legal and safe transaction?
7. What are the extra expenses that a property has in the United States?
In the United States, a property has 3 expenses:
Property Tax: It varies from 1% to 2% of the property’s cadastral value, which is equivalent to 35/40% less than the current market value. Property taxes are used by state and city for infrastructure expenses. Property tax values vary by state.
HOA (Homeowners Association Fees): These fees are paid monthly. They include an insurance policy on the management / maintenance of the common areas and front parts of the house and roof.
Property Management: this is the company that manages the property, the payment must be made monthly. Charges cover the search for tenants of the property, receiving the rent money and creating clear reports for the property owner regarding the financial status of the property, and providing the monthly report for the owner. The rate normally charged by management companies is between 8% and 12% of the rental cost.
8. Can I access a mortgage loan in the United States living in another country and not being an American citizen or resident?
Yes, each case to obtain a mortgage loan will have to be evaluated independently and according to the economic stability and the country where the applicant resides.
9. Can I open a bank account in the United States while living in another country and not being a US citizen or resident?
Yes, it is possible. In fact ISTAMA Group is able to manage everything so that your company has a bank account.
10. Can I create a company in the United States and can I buy the property as capital of the company?
invESTING IN Jacksonville
more information of interest
IN THE FORBES RANKING OF THE BEST CITIES FOR BUSINESS AND CAREERS
DOLLARS, IS THE AVERAGE OF THE VALUE OF MONTHLY RENT
BETWEEN 2010 AND 2018, THE POPULATION OF JACKSONVILLE INCREASED BY ALMOST 14%
BELOW THE NATIONAL AVERAGE IN HOUSING PRICE VALUE
NO. 1 IN THE RANK FORBES OF THE BEST CITIES IN FL TO RETIRE
FOR THE YEAR 2021 AN INCREASE OF AT LEAST 5.9% IN THE VALUE OF PROPERTIES IS EXPECTED
AFFILIATED MILITARY PERSONNEL NEEDING HOUSING ANNUALLY
JACKSONVILLE IS BELOW THE NATIONAL AVERAGE COST OF LIVING by 7%
JACKSONVILLE HAS AN UNEMPLOYMENT RATE LOWER THAN THE NATIONAL RATE OF 7.9%
PROPERTY INVESTMENT
Let us advise and support you in your search for great real estate investment opportunities and financial growth.
Property Management
We manage your property from the day it is acquired to the end of the lease. We handle each property with quality and professionalism.
MANAGEMENT SERVICES
We carry out all the procedures and procedures related to your investment, that of your property and / or that of your company.
what we do
OUR SERVICES
PROPERTY INVESTMENT
Let us advise and support you in your search for great real estate investment opportunities and financial growth.
Property Management
We manage your property from the day it is acquired to the end of the lease. We handle each property with quality and professionalism.
MANAGEMENT SERVICES
We carry out all the procedures and procedures related to your investment, that of your property and / or that of your company.
Reviews
What our customers say
A couple of years ago we acquired a property in Jacksonville through Istama Group as an investment, they took care of all the paperwork from the beginning and today they manage my property with total competence.
We currently have a house in Atlantic Beach, one of the areas near the coast. We live in Bogotá Colombia and they take care of the administration of our property, pay the taxes, and all the maintenance that a vacation home requires... thank you.
Schedule an Appointment
Write us to know our availability and schedule an appointment or video call with us. We will contact you as soon as possible.
Contact
ADDRESS
5121 Bowden Rd 32207 Jacksonville, FL.
Phone
USA +1 904 314 6112
Bogotá +571 3819689 ext 608
EMAIL
info@istamagroup.com
Hours
Monday to Friday: 9 a.m. - 9 p.m.
Saturday: 10 a.m. - 8 p.m.
Sunday closed
SCHEDULE AN APPOINTMENT
If you are a seller or buyer, request your appointment by writing to us to specify a convenient time.
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