I ran an apartment complex during the last 2 summers and I never realized how many rules need to be followed in City of Philadelphia.
I am unsure if all large cities have so many rules as City of Philadelphia. But the costs to own an apartment complex in Philadelphia is crazy. Yearly sprinkler Inspections that cost tens of thousands of dollars. Yearly backflow flow testing. Yearly fire inspection. Yearly renewal of rental licenses for each individual apartment.
I have been to MSB (Muncipal Service Building) so many times to resolve issues. The staff is amazingly helpful at MSB. But I never realized that so many rules had to be followed by multifamily complex owners. I salute all the owners that fallow all the rules in these major cities. I never realized how much work is involved.
I am not sure if this is a Big City thing. I cannot imagine that small cities also follow all these regulations.
