Landlording in Philly vs. outside the city

[Edward A.]

Hi all,

I'm looking to house hack my first property in Philadelphia. What are some of the main differences with landlording in Philly vs outside of Philly in PA? 

I know transfer taxes are higher and there may be some special licenses I need to acquire. Anything else to consider?

[Paulette Midgette]

Hello, @Sophia Abdullah and @Edward A., a clarification to Sophia's statement about the trash collection tax.  It is not a tax, it is a fee.  It only applies to commercial businesses and multi-family units.  Premise must equal or be less than 6 units to qualify.  If larger the owner will need to hire a private collector.  The fee is $300 per year for all eligible properties whether you own 2 or 6 units.  Use of the City's trash collection is optional and you can always opt to hire a private collection company.

It does not apply to single family rentals and if a multi-family and the owner lives in one unit then you are exempt from the fee.