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All Forum Posts by: Jason Clough

Jason Clough has started 4 posts and replied 4 times.

Hi All - I'm currently in the process of shifting my primary residence to a rental and moving into a new home. Its a single family home in Philadelphia, so I don't need a huge infrastructure but wanted to check and see the best legal structure. I know a lot of investors use an LLC structure... what would be the steps to set that up? Are there other alternatives that may be better to consider like umbrella policy insurance?

Post: Looking for an accountant in Philadelphia

Jason CloughPosted
  • Posts 4
  • Votes 2

Hi Everyone - does anyone have a good accountant that understand rental properties and personal taxes in Philadelphia? 

My wife and I bought a single family primary residence two years ago  and are finally ready to convert it to a rental property. Besides the basics of a lease and collecting rent, what do I need to be aware of? Are there licenses and permits I need to obtain? What’s the best way to structure for taxes and how should I collect rent?


In Philadelphia, PA 

We had some repairs needed but I'd like to establish a go-to electrician