How Accurate is Zillow’s Zestimates?

The bane of everyone involved in the real estate industry, be it as a real estate agent, a property manager, or a real estate investor buying holdings is Zillow and their horribly inaccurate Zestimates. Inexperienced property owners often give credit to the website, that has no actual foundation to base values against. Zillow hasn’t step […]

Philadelphia Property Tax Increase Fight

City Councilman Allan Domb said he thought the city should look first at cutting spending and making government more efficient instead of raising taxes — and, in the future, should consider a revenue-neutral system. “Otherwise,” he said, “it’s a backdoor way of collecting taxes.” This is good news for Philadelphia Rental Property Owners. The less […]

Philadelphia Has Good News for Rental Property Investors

From Philadelphia Mayor Kenney: “Now that the legal challenge is over, we’re moving full steam ahead with Philadelphia preK, community schools, and Rebuild, our plan to improve parks, rec centers, playgrounds, and libraries. We’ve already served 2700 kids in 2000 Philadelphia preK seats since 2017, and we’ll now be ramping up to 5500 seats. These […]

Philadelphia L & I Changes on Property

Just posted by Philadelphia Major Kenny: “We’ve increased L&I’s resources, and L&I is cracking down on dangerous properties, making Philadelphia a safer city for all. “The city’s decisive action is a sign that it is getting smarter and tougher about enforcing safety codes. L&I and the Philadelphia Law Department are seeking maximum fines and penalties […]

Typical Cost of an Appraisal of a Philadelphia Rental Property

A typical, residential appraisal, on a single family home in Philadelphia, will typically range between $300 and $500 dollars. The fact that the property is an investment, or a rental property shouldn’t affect the cost. But a larger, more complex home, or one that has more units, like a duplex or a triplex might cost […]

The Difference Between Having a Rental Property Appraisals & Home Inspections

One of my Property Management Clients asked me for clarification on the specifics on the home Inspection process and the Appraisal process. He wanted to know if these overlap in any way in regard to his Philadelphia Rental Property. Most rental property owners have had both a home inspection and an appraisal on each one […]