Hi, I’m Yuriy Skripnichenko with TrustArt Realty and today I’m bringing you updates for the city real estate re-assessment for 2023. As some of you know the City of Philadelphia conducted a real estate tax re-assessment and increasing real estate taxes for most properties in the city. In some cases, we see dramatic increases from the previous year tax. You can check what your property is re-assed to by going to the link provided below. If you see that your assessment is more than it should be you still have time to file an appeal until beginnin…
It depends on the appliance. You must provide tenants with cooking appliance that is properly installed in the kitchen. For all other appliances the answer is no. You do not have to provide them. However, practically yes – you need to provide appliances. If you are renting your property without appliances, it would be harder to get a good tenant simply because all of your competition on the market offers units with appliances in place. It is default standard for Philadelphia properties to have appliances. Now what about washer and dryer? This i…
Hi this is Yuriy Skripnichenko with TrustArt realty. Today I want to discuss importance of your property zoning and current use. And how that potentially can affect your ability to legally rent your house in Philadelphia. We often encounter investors who bought a small multifamily property thinking it was a duplex or a triplex. And after going to the L&I to get rental license they find out that the property has a single-family zoning and never had a 2-unit rental license. I will not discuss rental license important and other documents you n…
I am a real estate investor in Philadelphia and could not be more happy with Yuriy and the rest of the team. Yuriy himself has over 10 years experience as an investor himself and his knowledge of the geographic region has been critical to our decision making. We are currently using Yuriy as our realtor and as our property manager. He is responsive, knowledgeable, and easy to work with. He has saved us from multiple potential bad situations in looking for investments. Because of his attention to detail, our closings have been very smooth. We also have to do most of our investing out of state and the Trustart team makes it easy. I would highly recommend Yuriy and the Trustart team as a realtor or property manager for anyone in Philadelphia - we are lucky we found them when we did!