Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
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

All Forum Posts by: Jason Clough

Jason Clough has started 4 posts and replied 4 times.

Hi All - I'm currently in the process of shifting my primary residence to a rental and moving into a new home. Its a single family home in Philadelphia, so I don't need a huge infrastructure but wanted to check and see the best legal structure. I know a lot of investors use an LLC structure... what would be the steps to set that up? Are there other alternatives that may be better to consider like umbrella policy insurance?

Post: Looking for an accountant in Philadelphia

Jason CloughPosted
  • Posts 4
  • Votes 2

Hi Everyone - does anyone have a good accountant that understand rental properties and personal taxes in Philadelphia? 

My wife and I bought a single family primary residence two years ago  and are finally ready to convert it to a rental property. Besides the basics of a lease and collecting rent, what do I need to be aware of? Are there licenses and permits I need to obtain? What’s the best way to structure for taxes and how should I collect rent?


In Philadelphia, PA 

We had some repairs needed but I'd like to establish a go-to electrician