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Updated over 9 years ago on . Most recent reply

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Erod R.
  • New York City, NY
1
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Fees for city of Philadelphia PA

Erod R.
  • New York City, NY
Posted

hello everyone I'm new to this forum and I'm looking for advice.  I'm investing in the city of Philadelphia Pennsylvania and I would like to know information about fees I expect to pay in Philadelphia as investor of multi unit rental. I am aware of $50 rental permit per unit every year. Also, a friend told me that city of Philadelphia changes $300 a year for garbage and sewer. Are there other fees that I should he aware of? Annual report fee? Gross income fee filing? Please share as I'm trying to sum up all expenses to determine my profit at year end. Please share fees info and any other information regarding the city of Philadelphia that I should be aware of as aan investor of residential real estate

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Paulette Midgette
  • Investor
  • Philadelphia, PA
276
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Paulette Midgette
  • Investor
  • Philadelphia, PA
Replied

@Erod R.,  Before investing in any RE in Philadelphia I highly recommend that you take a look at phila.gov.  It is the official city government website and you can get information on all the fees here.  Your friend was incorrect about the $300.00 dollar garbage and sewer fee.  The $300.00 per year fee is a trash and trash only fee.  Water and sewer is a separate bill and is billed monthly.  Also take a look at the Philadelphia Gas Works website...there is a landlord program there you will need to educate yourself about.

Good luck.

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