When investing in real estate, choosing the right location is crucial. Philadelphia, Pennsylvania, is an attractive destination for investors seeking opportunities with great potential. Known as the "City of Brotherly Love," Philadelphia offers a unique blend of history, culture, and economic growth. This article will explore several reasons why investing in Philadelphia, PA, is a wise decision. Why Invest in Philadelphia Rental Properties Prime Location Philadelphia is strategically positioned between major metropolitan areas which provides i…
Top Tips When Buying Investment Property in Philadelphia
Rental property investments carry far-reaching potential. Purchasing an investment property can offer you a way to make extra income and invest in something that appreciates over time. As the largest city in Pennsylvania, Philadelphia offers plenty of opportunities for real estate investors. This city ranks as one of the most affordable places in the nation to buy a house. And with a high percentage of renters, the need for rental units keeps growing. This makes Philadelphia one of the best places to invest, whether you’re a beginner or an ex…
Breaking a Lease in Philadelphia, Pennsylvania - Know the Laws
As a landlord in Pennsylvania, it’s important that you understand the local landlord-tenant laws. This includes knowing the rules and regulations when it comes to tenants breaking a lease early. Note that breaking a lease is not the same as evicting a tenant. In this article, we will cover unjustified and justified reasons for early lease termination, so that you will be well informed on your rights as well as your tenants’ rights when it comes to this aspect of Pennsylvania landlord-tenant law. Lease Agreements in Pennsylvania Having a solid …
A Guide to the Eviction Process in Philadelphia, Pennsylvania
Pennsylvania landlord-tenant law grants a landlord the right to evict a tenant who violate their lease or rental agreement. Examples of common violations include refusing to pay rent, excessive property damage, and failure to move after the written lease agreement has expired. As a landlord, it’s important that you follow the proper proceedings under Pennsylvania law. It’d be unlawful for a landlord to try to evict the tenant in any other way. In Philadelphia, there are additional rules surrounding evictions to keep in mind. Usually, a landlo…
Pennsylvania Security Deposit Laws
When landlords collect security deposits from their tenants, they can use that deposit to cover a variety of expenses. These expenses include things like covering unpaid utilities upon move-out, covering excessive cleaning costs, covering excessive property damage, covering lost rental income, and covering losses in rent payments. Essentially, a security deposit is meant to protect you against potential tenant actions that may result in any financial losses on your part. As a landlord in Pennsylvania, you have a right to collect a security dep…
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