Are You Operating Your Business Legally

By Author: zackawiest
Total Articles: 6
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As a long term buy and hold investor you need to make sure you are operating your business legally and are up to date on what is required. Each state and municipality is different so I cannot provide you specific advice for your locality but can provide you with some general questions you should know the answers to.

First and foremost, does the state or municipality you rent or plan to rent a property in require an occupancy permit inspection or an annual or bi-annual rental inspection? Most municipalities have implemented such a program and you need to stay compliant with these types of inspections. If you have a tenant dispute that ends up in court and you cannot prove you are keeping your inspections current it is difficult for the District Justice to believe you are keeping the property in good condition.

The second item is does your lease provide you with the protection and enforcement power you wish to have. You may have to evict a tenant at some point and making sure your lease will work for you and not against you is best to know before you need to use it. Speaking on the line of evictions this brings ...
... us to the next item that it is imperative you understand and that is the eviction process. In Pennsylvania, the state we operate in, it is a multi-step process and not knowing these steps can turn a 30 day eviction into a 120 day eviction or worse and as you know, each month without payment is not the direction you want to be heading. Our clients have the option of working with our expert property management company that can process an eviction like clockwork.

There are many more items to ensure you are operating legally and prepared for anything that shall arise but most important is to stay up to date. Laws and ordinances regarding rental properties are constantly changing.

At PA Deals we offer fully renovated, top-notch, cash flowing properties plus all of the support you need to become a successful long-term buy and hold investor. Do not fall victim to a get rich quick scheme, get wealthy for life with PA Deals. Visit www.padeals.com to learn more now about this unbelievable opportunity!

Zack Wiest is owner of PA Deals, LLC. They are a residential real estate investment firm located in Harrisburg, PA. Though founded in 2006, the principals of the company have been investing in real estate since the year 2000. You can find out more about us at http://budurl.com/padealsbmpart