Steps to be a Landlord in PA- Philadelphia

[Sean Treston]

Hi Everyone,

I am new to the landlord business....and I've been doing a lot of research in the past few days to get ready. I've compiled a list of steps that I need to do before I find tenants, and I wanted to see if anyone could see anything missing from this list.

1. File for a Fictitious Name with the Pennsylvnania Dept. of State Corporation Bureau, and wait for your number.
2. Apply for an EIN with the IRS.
3. Set up Bank Account for DBA / Rental Property
4. Switch from homeowners to landlord insurance
5. Get an umbrella liability insurance for $1,000,000
6. Register with PA-100 form (I'm not sure if this is needed for landlords or not...I can't figure that out)
7. Apply for a Philadelphia Tax Account Number
8. Apply for a Commercial Activity License
9. Apply for a Business Income and Receipts Tax Account Number
10. Get a Registered Agent in the city limits of Philadelphia
11. Apply for the Philadelphia Housing Inspection License
12. Receive a Certificate of Rental Suitability issued by L&I
13. Find a tenant
14. Distribute a copy of the required "City of Philadelphia Partners by Good Housing" & Lead Warning pamphlets to tenants
15. Set up an Escrow account to hold tenant's security deposits.
16. Collect Rent with checks made out to DBA

Did I miss anything??