As we try to finally wrap up Project Philadelphia I have been working to learn more about the rental codes, rules and regulations. Thanks to Philadelphia Zoning, I was able to obtain our rental licenses this week and learn the following.So as we do, let’s talk Real Estate, let’s talk
PREPARING FOR OUR PHILLY RENTAL PROPERTY…
In order to operate as a business in the city of Philadelphia we needed the below two accounts…
(1) Philadelphia Tax Account # aka a BIRT
(This is different than your EIN)
BIRT is a “Business Income and Receipts Tax” ID
You can apply for that here:
Once you have your BIRT, you can apply for your…(2) Commercial Activity License (CAL)
You can apply for that here:
Now that you have those situated (& your house is rental ready), you can apply for your RENTAL LICENSE! We worked with Philadelphia Zoning, a local expediting service, to pull our rental licenses. They were able to walk us through the application online and submitted them on our behalf. This whole process costs a few hundred dollars, and took about a week.
Once you have those rental licenses, it is time to put them to use and get some renters in the property!
Philadelphia Zoning instructed us that each time we have a new tenant, we must do the following:1. The Partners for Good Housing Handbook must be submitted to all tenants.2. The Certificate of Rental Suitability must be obtained and sent to tenants3. A signed written statement by the landlord certifying that the unit is in suitable condition to rent. The landlord’s signed statement must include the following information (if it is all true, of course. If not, it should be rectified):The unit has working fire extinguishers and smoke detectors;The operating systems and the property do not have health and safety defects; andThe landlord will continue to maintain the operating systems and condition of the property and throughout the tenancy.4. If the property was built prior to 1978 or will be renting to children 6 or under, landlord needs to acquire led paint certificate. Link to instructions here
(Sections 1-4: Wording pulled from Philadelphia Zoning)
THANKS TO THE HELP OF PHILADELPHIA ZONING AND THE CITY OF PHILADELPHIA BUSINESS WEBSITE, APPLYING FOR ALL OF THE ABOVE ENDED UP BEING A FAIRLY SEAMLESS PROCESS! THE ONLY HICCUP I WAS FACING WAS THAT I HAD NO CLUE WHAT LICENSES / PERMITS / CITY ACCOUNTS WERE NEEDED UNTIL I DID SOME SERIOUS DIGGING. ANY OF YOU PHILADELPHIA BUSINESS OWNERS OUT THERE HAVE A TIP OF WHERE THESE REQUIREMENTS MAY BE OUTLINED?! IF NOT, HOW CAN WE WORK TO MAKE THIS MORE TRANSPARENT.
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Me – this is based on my own personal experience!