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All Forum Posts by: Kevin M.

Kevin M. has started 12 posts and replied 252 times.

Post: Owner Move-In Eviction Philadelphia House-Hack triplex

Kevin M.
Posted
  • Property Manager
  • Philadelphia, PA
  • Posts 258
  • Votes 291

Extremely unlikely you will be able to use the legal process to force out an unwilling tenant in Philadelphia, ESPECIALLY one paying rent with a valid lease agreement, anytime in the next 6 months. The deck is heavily stacked in the tenant's favor now more than ever. You need a royal flush.

The pet argument will get you nowhere in Philadelphia Landlord/Tenant Court. 

Cash for keys is your best bet.

Post: 4-PLEX Buy in LLC? Or 30 year conventional fixed?

Kevin M.
Posted
  • Property Manager
  • Philadelphia, PA
  • Posts 258
  • Votes 291

Buy it in your personal name- then go to the courthouse and change your personal name to Jared LLC. Checkmate.

Post: Lab for Lead Dust Test Sampling

Kevin M.
Posted
  • Property Manager
  • Philadelphia, PA
  • Posts 258
  • Votes 291

@Kenneth C. the lab used to process a majority of our properties is called Accurate Analytical Testing LLC out of Michigan.

Are you a licensed lead tester? Remember that the samples must be collected by a licensed technician in Philly. 

If you have only a few homes it may be cost/time prohibitive to get licensed and do your own testing/sampling.

DM me I can refer you to our reliable/reasonable tester.

Post: Tenants surprised of amazing fast service (their words)

Kevin M.
Posted
  • Property Manager
  • Philadelphia, PA
  • Posts 258
  • Votes 291

I think it has more to do with the quality of the landlord or property manager than their role in the tenant-PM-owner relationship.

On the flip-side, as a property manager I often feel that my hands are tied by the owner to provide quality responsive maintenance toward a tenant. 

If I get a 7am notification from a tenant that a 12 y/o dishwasher stopped working, at 8am I will forward the ticket and probably recommend a replacement to the owner. This owner (by the nature of our contract) must approve this expense before I can move forward with the repair. Maybe it takes 2 days to respond? Maybe he asks me to get two quotes from repairmen first? Maybe he simply says 'can't afford right now maybe next month'. 

Generally speaking I actually agree that property managers need to be better- but for every property manager there is an owner behind him holding the checkbook...

Post: Philadelphia Zoning RM-1 Use Permit for 5-unit building

Kevin M.
Posted
  • Property Manager
  • Philadelphia, PA
  • Posts 258
  • Votes 291

Sounds like you need a variance (as opposed to Special Exception) based on how you described the situation. I can't speak as to your particular chances of success without more info- but I can say the process is especially long right now. You'll be months and months out from any clarification. If not a year. I just got out of a 2 year zoning battle from initial referral through appealing a ZBA decision (and winning). It's a marathon. 

Post: Looking for Property managers in Philadelphia

Kevin M.
Posted
  • Property Manager
  • Philadelphia, PA
  • Posts 258
  • Votes 291

The best way, in my opinion, is to talk to other local investors and ask for their input. Find other Bigger Pockets Philly investors and DM them. Talk to other people already doing what you're doing and ask about their experience with their PM. 

Google reviews really aren't as reliable any more as some companies pay 'reputation management' firms to get fake reviews.

You can also go through NARPM, a professional organization of property managers for more information and referrals. 

Post: Looking for Property managers in Philadelphia

Kevin M.
Posted
  • Property Manager
  • Philadelphia, PA
  • Posts 258
  • Votes 291

@Weston Holt welcome to Philly and good luck in your search. I'm a local property manager. I think some of the best questions you can ask are;

Fees- what are ALL your fees? Are they documented in the management services contract? Onboarding fees? Fees for vacant units? Rental license renewal fees? What would a typical maintenance call like a clogged drain, snow removal, or lock change cost an owner?

Doors- how many units do you manage? How many employees do you have? Will I have a specific point of contact I can rely on for information about my property?

Licensed/Insured- are you licensed by the PA real estate board, city of Philadelphia, and insured?

Marketing- how do you market units? Can you link me to a current listing (so you can see how they present a property)

Termination- Do you lock in owners to a term contract? What are cancellation terms?

Hope this helps,

Kevin

Otter Property Management 

Post: Philly License Requirements

Kevin M.
Posted
  • Property Manager
  • Philadelphia, PA
  • Posts 258
  • Votes 291

You don't need any type of professional Real Estate license to buy a property in your name and rent it out in Philly. A layperson can do this. You would just need to get a Commercial Activity License through the Philly eClipse system (simple & free), then associate a Rental License for the particular property ($56/year) under this Commercial Activity License, all through the eClipse system. 

If you reside in NY, however, you would need to designate a local agent to receive notices/paperwork relating to the property. You would also need to make sure you abide by the dozen other Philly-specific regulations relating to renting out property. But plenty of 'mom & pop' landlords exist and do just fine in Philly. 

Post: Pulling tax delinquents from Philadelphia

Kevin M.
Posted
  • Property Manager
  • Philadelphia, PA
  • Posts 258
  • Votes 291

Philadelphia isn’t able to find its own tax delinquents. If you can find an accurate list you should sell it back to them!

Post: RENTAL LICENSE RENEWAL

Kevin M.
Posted
  • Property Manager
  • Philadelphia, PA
  • Posts 258
  • Votes 291

@Pat Hamilton I don't think you have a choice at this point...

Get the lead test done ASAP and file results so you can renew your license. By law you aren't allowed to collect rent without an active license. The police won't bust in your windows the day after it expires but for a multitude of reasons you should work to have it in place ASAP to cover your bases.

Also- L&I is in the process of instituting a 1.5% monthly penalty for expired licenses as well. Send a message if you need a lead tester referral. Best of luck.