Municipality Level Compliance (Taxes and Requirements)

[John Corretti]

So I typically purchase SFRs outside of my home location (NYC). I've been doing this for about 2 years now. What I have started to learn the hard way is that cities and or counties often have rules/regulations on rental properties that you would have no idea about until they send you a letter.

Are there any centralized resources out there for where I might get the done and dirty on what is required in a municipality that I am going to enter? I know you could say talk to a local property manager and/or attorney, but when you are quickly trying to evaluate a deal, this is tough to do until it's too late.  

Examples Include:

1) Rental Registration Form to County w/ fee of course

2) List of tenants reported quarterly

3) Various inspections done on rentals to make sure they are in compliance - Fines for non-compliance

4) Worst one of all - 2.5% City Tax on All Rental Property Profits (I had no idea about this unit today)