May, 2018 Edition, by The REGNIER Group at SimplyWaterfront.com
May the month of May bring good fortune, health and new adventures in your life. With a winter that lingered well into April in the North East, many seasonal residents occupied their South Florida homes through the end of April.
Florida Tax Benefits
Did you know that there are tax benefits to owning real estate and living in Florida?
Florida has no personal income tax and there are many corporate and business tax benefits as well such as no business income tax. The favorable tax climate that recently became even more favorable makes the move to Florida very desirable to businesses and as primary homestead residences. Talk with your advisor for more info on tax benefits in Florida.
Do you have flood insurance on you home or business? Flood insurance covers damage caused by rising water. Clogged storm drains or poor drainage happens everywhere, not just Florida. Flood insurance policies begin 30 days after the effective date. With the start of hurricane season June 1st, now is the best time to add the flood insurance to your policy. In most cases the annual cost is less than $500.
Click Here then scroll down to view a list of a few insurance providers.
Click Here – Calendar of Events for May 2018 in South Florida
What’s Your Home Worth?
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