1. Complete package:

• Weekly check and walk-through
• Mailbox check
• Make certain your lawn/ landscaping-, pool- and pest/ termit control service are performed properly
• Sprinkling system functional check
• Verify lighting and security system, bell, phone lines, air conditioning (HVAC), humidistat, garage door opener, toilette flushs, faucets) are in working order
• Order repair service if necessary
• Make certain repairs and other services are professionally performed
• Making the necessary arrangements to pay the bills on your property (running costs: water, electricity)
• Quarterly emailing of digital fotos from your property
• Monthly statement
• Including the costs for the following services: Pool, termite and lawn
  
  Costs: US$ 295.00/ month

FLORIDA
LEE COUNTY (Cape Coral, Lehigh Acres, Sanibel, Captiva Bonita Springs, Pine Island, Matlacha)

Tourist Development Tax Requirements

The Tourist Development Tax is a 5% tax on the rental amount. The owners, operators as well as applicable property managers ("Dealers") are responsible for collecting the tax from any person or other party who rents, leases, or lets for consideration living quarters or accommodations for a period of six (6) months or less. Here are examples of residential real property rentals that are subject to Tourist Development Tax per Florida Admin Code 12A-1.061:

Apartment-hotel	Hotel	Multiple-unit structure
Apartment-motel	Mobile home	Single-family dwelling
Beach house and cottage	Motel	Tourist or trailer camp
Condominium	Rooming house	Trailer
Cooperatively owned apartment	Resort motel	Vacant land for temporary living quarters

There is also a 6% State of Florida, Department of Revenue, Sales & Use Tax on rentals.

UPDATES AND INFORMATIONS FLORIDA REAL ESTATE

IRS: 1031 EXCHANGES ON VACATION HOMES

The Internal Revenue Service recently issued Revenue Procedure 2008-16, which spells out how vacation properties can qualify for 1031 exchanges. The guidance aims to clear up the debate over vacation homes, and whether they're an investment or personal use properties. To qualify for a 1031 exchange, the IRS says that the taxpayers must hold the property for 24 months. The holding period is broken further into 12-month blocks, and during each, the property must be rented at the fair market rate for no less than 14 days. Additionally, the owner can use the property for 14 days or 10 percent of the days rented, whichever is greater, plus devote a "reasonable" number of days to maintenance. Because it is a safe harbor ruling, experts say failing to comply with all the rules does not mean the exchange will be denied or an audit will automatically occur. However, they underscore the importance of keeping good records of the property's rental history and the dates the property was occupied by the owner for maintenance.

03/0/08