I see dozens of AirBnB rent roles for active listings monthly and on average, a well run STR rental generates roughly 10%+ of the properties valuation in gross annual income.

The amount is based on the assessed value of the property and the local tax rate.2.

What are some tips and tricks for assessing this in comparison to neighboring properties?

Begin by assessing the area's overall appeal, including factors like crime rates, school quality, and amenities.

With hundreds of properties to assess each week, this approach quickly becomes impractical.

Use good judgment and assess your risks.

the condo HOAs are responsible for it not you as an individual. the newer the development the better. a lot of the older associations are worse and are having to do special assessments and pushing condo fees way up.

My final assessment on Citrona is: I do actually have a deed to a property, maybe they mean well, maybe they are outright scammers, maybe they are just trying to make a quick buck on quick flips, I am not 100% sure...but one thing for sure is that their property management company is terrible and seriously lacks communication, and I would never recommend them.

It's highly recommended to seek personalized advice from a qualified CPA, EA, or tax professional who can assess your specific situation based on the facts presented

The wild card in Philly is the Office of Property Assessment and their crazy assessments.