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Real Estate Agent
Account Closed
  • Homeowner
  • Philadelphia, PA
4
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Rooming house license in Philadelphia

Account Closed
  • Homeowner
  • Philadelphia, PA
Posted Nov 28 2020, 21:38

Can someone tell me how pricey the process is to get rooming hosuing license in Philadelphia? I was told I would have to hire a lawyer to bring my case to the city and to get it approved and it would cost a lot of money and time. Can I transfer the license to prospective buyer and have that as a selling point in future?

Some context: I have a 5 BR/2 BA single family home that's RM-1 zoned. I looked at rental analysis few well reviewed property managers gave and looks like I won't be able to recoup my monthly mortgage out of rental income if and when I have tenant in this property. Some suggested to get rooming housing license and rent per room to maximize income. I wanted to know more about this process and it seems like the philadelphia gov site doesn't have much resource on this. I am in the process of making some phone calls to lawyers but your input is greatly appreciated. 

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