Renters License - When to acquire? (Philadelphia)

[Kenneth C.]

BP Community,

I close on two SFH in approximately one month (BTW - This will be my first deal!!!). Both properties currently have tenants that would like to stay. They are currently on month to month leases, but my intention is to have them sign new leases (6 - 12 months). My question is regarding the renters license that is required in the City of Philadelphia. I will not own the properties until after closing/settlement, and will be in the middle of the month when this is complete. Therefore, I am at a lost as to when should I apply for the license. Has anyone else been in a similar situation? When should I apply for the license?

Any information and advise would be greatly appreciated.

Regards,

[Connor Eichman]

The license for the current year should already be bought and paid for by the landlord who currently has the properties rented out.  You will get mailed renewal letters every year when it is time to pay, and your check of the single family rental box that comes with it and mail in the check.  I do most investing outside the city in delaware county, but i would think there is an inspection they do yearly as a run though to check for smoke detectors and things of the like. ( at least that what they do in Delco ) when they are due, you'll know for sure