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Updated over 5 years ago,

User Stats

9
Posts
1
Votes
Justin Matesic
  • Pittsburgh PA
1
Votes |
9
Posts

Unable to get rental permit.

Justin Matesic
  • Pittsburgh PA
Posted

Thanks all that weighed in on my last thread. I was looking over my options, many of you guys advocated self management...BUT there's a problem with that. The borough has an ordinance in place where I can't get a rental permit if I'm more than 15 miles away (I'm 21), so I'd have to use a PM locally. I actually wasn't aware of needing a permit, and don't have one. The tenants I have in place are moving very shortly. They basically hate the PM I'm using (they said he's non responsive, has been rude,etc). I've tried some other PMs in the area and I'm not having much luck. I'm not even sure if my current PM is legal. TBH I didn't even know I needed the rental permit. 

So that's making me think that selling is going to be the best option. Now are there any particulars that are better for forcing appreciation? Basically if I can get out from under this at near break even I'd be pretty happy. I bought it for a decent bit under comps. I think with a little work I can get it's value up to be a small flip/better than break even.... but I really don't know.

Both interiors are in good shape, 1 could probably use some updating, but everything is functional.

The exterior looks a bit rough. Siding is aluminum and pretty old looking. Foundation is stone, and I was thinking of spending some time parging/repointing. 

Front porch has some bad wood that's going to need replaced, and balusters installed. I can also redo the back porch roof on my own. 

Are any of these things cost effective/worth doing to try to add value?