Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago on . Most recent reply

User Stats

62
Posts
46
Votes
Kalanie Tran
  • Rental Property Investor
46
Votes |
62
Posts

City requires business license for rental property

Kalanie Tran
  • Rental Property Investor
Posted

So I have a question, just found out my city requires business license and annual inspection of the property when I rent it out. In order to transfer utilities to my tenant name, they require business license, so each year I pay $250 for license and inspection. What should I do

Should I just leave it under my name? Can I have two primary?

And have tenant bills be included with rent, and I just bill them for usage?

Problem is my kitchen remodeling was unpermitted and I hate to have city find out about it and fine me.

What do you folks recommend I do? TIA

Most Popular Reply

User Stats

174
Posts
122
Votes
PJ M.
  • Philadelphia, PA
122
Votes |
174
Posts
PJ M.
  • Philadelphia, PA
Replied

@Kalanie Tran you should find out what else is required for that business license.  TO build off what @Nathan Gesner talks about, where I am you must have a rental license for each unit.  To get the rental license you need a business license.  If you ever need to sue a tenant for anything, you need to include the rental license as part of the paperwork when filing.  Thus, in my case, if I didn't have a business license I could never take a tenant to court.  You don't want to find yourself in the situation that Nathan describes, only to find out that without the proper license you can't get to court to fix the issue.  Then, on top of that, they may look to penalize you for having an unregistered business for the entire time you had a tenant in there.  Might be time to just "bite the bullet" and get your house in order to save a potential heap of issues later.

Loading replies...