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Updated about 1 year ago on . Most recent reply

User Stats

60
Posts
10
Votes
Eric Samuels
  • Investor
  • Philadelphia, PA
10
Votes |
60
Posts

Annual and monthly tasks owning a rental property in Philadelphia

Eric Samuels
  • Investor
  • Philadelphia, PA
Posted

Happy New Year everyone!

As I look back at my first year as a landlord I've learned a bunch. One thing I'm still struggling with is creating a list of tasks that need to be done as a landlord/property owner in Philadelphia. I do have notifications on changing air filters for my gas furnaces every 3 months but that's about it since I've been more focused on making some necessary improvements to my old duplex. Does anyone have a list of things they do on a recurring basis that would be good to keep in mind? For example, rental license renewal or renewal of any other permits/licenses. Safety checks, how often are you checking carbon minoxide detectors and fire alarm? What about seasonal changes? Anything you do to prepare for the winter or change of seasons? Just trying to get organized so I'm not caught off guard with any expirations or changes.

Appreciate the help!

Most Popular Reply

User Stats

757
Posts
1,040
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Julien Jeannot
  • CPA, Real Estate Broker & Investor
  • Seattle & Woodinville, WA
1,040
Votes |
757
Posts
Julien Jeannot
  • CPA, Real Estate Broker & Investor
  • Seattle & Woodinville, WA
Replied

- Bookkeeping

- Newsletters to tenants such as:

  - Winterization tips: min temperature, outdoor faucet covers ect.

  - Landscaping tips

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