All Forum Posts by: Jibu V.

Dave, how much is the typical premium for this coverage

+1 here for Cozy.co Having the tenants deposit into the bank account, like what was described above, is also a good option, but requires a bit more management/tracking. With the above two options, I never have to physically collect rent or be given the excuse of “check’s in the mail”.

Either execute the holding agreement with non refundable holding fee or, my preference, keep marketing the property, likely finding another tenant much sooner, and hold off on approving the tenant. I find that prospects tend to be “suspects” until they sign on the dotted line.

I know this isn’t exactly what you’re asking about, but I had a prospect in Philly who said their employer, Home Depot, would cover the security deposit. I guess it’s some sort of employee benefit.

I recently started the eviction process for non-payment in Philadelphia, PA, but found out that I still needed to renew my rental license and obtain a Certificate of Rental Suitability (and provide a copy along with the "City of Philadelphia Partners for Good Housing" brochure  to my tenant). Fortunately, I did those things and the tenant got current on the rent. Now I just want to make sure I am compliant going forward.

My question is: Am I forgetting anything? I had provided a copy of the lead paint disclosure upon execution of the lease. I believe the zoning was taken care of through my rental license - I am not sure if that's something separate.

I tried navigating the various websites to piece together the requirements, but I would appreciate if anyone familiar with Philadelphia, Pennsylvania Landlord-Tenant laws could point out any potential holes that I still need to fill. Thanks in advance.

Great point, @Peter M.. If she wants to get current, she can do so at any point before the eviction. Thanks.

Issue: For the May 1st rent, my Philadelphia PA tenant didn't pay and, on May 31st, I served a 10-day Pay or Quit Notice for May's rent/late fee/water bill. Now it's June 7th and she hasn't paid May or June's rent. Should I serve a second Pay or Quit Notice and include both months that are now late (and wait another 10 days)? Or, should I stick with the first Pay or Quit Notice (which excluded June rent) and move it forward through the eviction process? My concern is that the June late rent will not be included in the eventual judgment process if I didn't include it within the initial Pay or Quit notice. Thanks in advance for any advice.

Background: I have a long-term tenant in Philadelphia, Pennsylvania (into the 4th year now) who pays anywhere from 3-14 days late (along with a late fee) about 50% of the time. I never previously served a 10-Day Pay or Quit notice just because the rent+late fee would always eventually get paid in full, she'd tell me when it'll get paid, and she's a great tenant otherwise. Now the tenant states that her employer cut back her hours for who knows how long and she's trying to get the funds together ASAP.

By the way, I fully understand that I should have served the Pay or Quit notice right after the tenant went late the first month, but lesson learned and I'm just trying to move forward at this point. Thanks.

Congratulations!! Quick question: Was the initial “appraisal” not a full-blown appraisal? Some large banks use a national company to provide an estimate of the property value. It’s usually free and they usually pick comps that are not good comps at all. If you want to dispute that, you could then opt for them to do the full blow appraisal and pay for it. In this case, you got the bank to pay for it, which is great! Let me know if yours was a similar scenario for not. Thanks!

Angela Strotz Yes, they do! Although, it's not called a late payment in Cozi. You can manually add a charge for late fees, water bills, etc, and describe them as such in the "memo". The only downside is that it is not automatically done (e.g. if not paid by day 5). However, I have found that this is not a big deal and I can go in and add the charge on day 6 or even after that. It keeps things very clean and shows a complete history of what's been paid and what's due. The tenant has agreed to the charge when signing the lease.

Scott Freer I am in the same boat in terms of finding that investor friendly team in Philly. Although, my focus isn't on HUD deals. It would be great if you could keep me in the loop on this. Thank you.