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❓ASK Are there differences in property management fees for offshore versus domestic properties?

B

Blaka

Guest
Taking care of properties far away like in other countries can cost more because its harder for managers to check on them and deal with issues.

There are also extra expenses for knowing the local rules and taxes. Managing properties closer to home is usually easier and cheaper because its simpler to follow the local laws.

Fees for managing properties nearby are often lower than for ones far away.
 
Unless the owner of an offshore property engages a local property management firm in the offshore jurisdiction, the cost of management of an offshore property would be relatively higher than that of a property in the base of the owner. That's because they would be need for travelling to inspect the properties.
 

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