Hapco Philadelphia Will Be "On The Air" With A New Podcast!

Watch our new promo for "Landlord Tenant World" premiering soon on Hapco Philadelphia's Facebook Page!

“Landlord Tenant World” is a long-awaiting and sorely needed outlet for rental and investment property owners, managers, and industry vendors, as well as tenants.

“This new podcast is an incredible voice for HP members,” says Hapco Philadelphia President, Greg Wertman.  “It’s another way for the world to know what rental owners face.”

The 30-minute show will air monthly on the Hapco Philadelphia Facebook Page

The first episode features HP President Greg Wertman on why owning rental property is still a great investment and income source, despite recent challenges like the City’s Eviction Diversion Program  and incidents surrounding the Municipal Court Landlord Tenant Office

The show will also include HP’s general counsel and nationally known rental law expert, Paul Cohen, to talk about how landlord friendly Philadelphia’s new Mayor and City Council will be.

Hosted by veteran Philly TV journalist and Emmy-winning reporter, Doug Shimell, “Landlord Tenant World” takes a warts-and-all approach to what’s right, what’s wrong, and what needs fixing in the City’s affordable and market-rate rental housing market.

“We’ll have advice, tips, and tricks from rental industry experts to help rental owners and their tenants succeed as partners,” adds Wertman.  “It’s Must See Podcast TV!”

SEND US YOUR QUESTIONS TO BE READ ON-THE-AIR!  EMAIL US AT doug@focusmediaservices.com

Play the "Landlord Tenant World" promo below!


MARK YOUR CALENDAR! Hapco Philadelphia's General Membership Meeting April 10th!

It’s time for Hapco Philadelphia rental and investment property owners, managers, and vendors to socialize, network, and learn at our General Membership Meeting!

Invite your fellow rental owners, neighbors, friends and family and reconnect with HP’s rental and investment community.

And if you’re an industry vendor, Hapco Philadelphia invites you to become an official sponsor or register for a vendor table at the Seminar and Reception!

Get your product or service in front of Philadelphia’s largest rental and investment owner advocacy group!

WHAT: Hapco Philadelphia’s Annual General Membership Meeting

WHEN: Wednesday April 10th

TIME: 6:00pm to 9:00pm

WHERE: Bala Golf Club, 2200 Belmont Avenue, Philadelphia, PA. 19131

Register For Seminar And Reception

CLICK HERE FOR A MAP & DIRECTIONS

FOR MORE INFORMATION:

EMAIL: lauren@hapcophiladelphia.com

CALL: 215-684-1684


Philly Rentals Were Top 25 In 2023. Rental Cities To Watch In 2024

 

Hapco Philadelphia’s colleagues at RentCafe.com say Philadelphia stood out as one of the top 30 most in-demand cities in 2023 in their monthly Rental Activity Report, making the list 7 times!

It achieved its highest ranking at #12 during the peak rental season in July and August when finding a rental is more challenging than usual.

And, looking at its performance throughout the last 12 months, Philadelphia secured the 24th spot among the most popular cities for apartment hunters in 2023.

Here are the key metrics that contributed to Philadelphia’s ranking in 2023:

  • Prospective renters added more than twice as many apartments to their favorites lists compared to 2022, marking a 137% increase that reflects a robust search for rentals in the area.
  • Furthermore, apartment hunters saved 44% more personalized searches than in 2022 and online traffic for Philadelphia listings on RentCafe.com increased by 16%.
  • This surge in interest in Philadelphia apartments fueled demand so much that the availability of listings dropped by 7% compared to 2022, limiting the options for renters.
  • On a regional level, Philadelphia emerged as the 4th most sought-after rental hub in the Northeastonly surpassed by a trio of renting spots in New York: Queens, Buffalo, and the Bronx.

And check out some other interesting bullets points RentCafe.com has for the Philly rental and investment owner community:

  • The average rent in Philadelphia is $1,887.  
  • About 29% of the rental apartments in Philadelphia range between $1,501 and $2,000 per month. Meanwhile, apartments priced over $2,000 represent 31% of all rental units here. 

Check out more real estate data points about Philadelphia at the bottom of this pageincluding demographics, renters’ guides and current rental availabilities:    


Philly Property Taxes Spiked? You Could Be Eligible For A Rebate

Hapco Philadelphia has been asked by the City's Planning and Development Department to let HP members know about this Philly property tax rebate program.

If your property valuation increased by more than 50% in 2022 or 2023, you could be eligible to apply for a tax rebate.

The City's Real Estate Tax Credit Program explains below who's eligible and how to apply.

The deadline is January 31st 2024.

Attention Philadelphia Rental and Investment Property Owners and Homeowners:

Was your latest real estate tax bill more than you anticipated? Philadelphia homeowners can receive up to $500 to help with increasing real estate tax bills through the City of Philadelphia Real Estate Tax Credit Program.

Who should apply?

Homeowners within the City of Philadelphia who have experienced an increase in their real estate tax bill.

What are the eligibility requirements?

  • Live within the City of Philadelphia;
  • Be the legal owner of the property;
  • Property tax bill has increased by 50% or more between the 2022 and 2023 tax assessments; and
  • Household income must be at or below 80% Area Median Income (AMI).

The selection process will consist of an initial screening of applications based on eligibility, followed by a random selection of eligible applicants through a lottery system.

See detailed eligibility requirements and apply by January 31st at: gofwd.link/PATaxRelief.

If you have any questions, please email: pataxrelief@forwardplatform.zendesk.com, or call (855) 334-9513.

The City of Philadelphia Real Estate Tax Credit Program is overseen by the City of Philadelphia and administered by FORWARD.

 


What Does Detroit Know About Fair Land Taxation That Philly Doesn't?

It seems every other major metropolitan area is trying to think outside the box when it comes to fair land taxation.

It’s why Hapco Philadelphia continues to point out to Philadelphia City Council why they need to get creative in order to treat rental property owners fairly.

See what leaders in Detroit are doing when it comes to taxing land, buildings, and improvements to erase blight and create more affordable housing.