ILF LAW FIRM

Our commitment to your satisfaction and financial success of your property continues after your property is ready to be rented. The idea that you can just hand over the keys and collect the rent is a myth. Experienced landlords know there are diverse, time-consuming, and sometimes troublesome issues involved in renting a property. Sourcing and managing tenants is not a hobby. It’s a real job and a potentially challenging one at that. A foreign owner residing abroad may become overwhelmed by the responsibilities and commitment involved. There are many reasons why an owner can’t or doesn’t desire to manage their property. Perhaps you prefer not to have a direct relationship with your tenants. You may have too many properties to manage yourself. Or perhaps, you simply don’t have the time. So, why not have a professional do it for you? 

However, after some changes in the Italian legislation, the management of a SRL now requires more. That is specifically true with regards to the Budget Act coming into force in Italy from January 2019 and introducing the widespread obligation of electronic invoicin in Italy, both in commercial relations between private VAT payers (companies and professionals with VAT number) and to final consumers. Starting from January 1st, 2019, electronic invoices using the Interchange System shall always be issued for the sale of goods or the provision of services on Italian territory. In order to comply with the given legislation, though, a deep understanding of the legislative framework, as well as a thorough bookkeeping practice, are required.