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Real Property vs. Personal Property: What Homebuyers Need to Know

After months of checking online listings, popping in at open houses, and working with professionals in property sales in Graduate Hospital and other parts of the city, you’ve found the perfect home. It’s a two-bedroom with gorgeous exposed brick, a fancy chandelier that ties the dining room together, and a garden full of blooming roses in the backyard. When you make your final walk through the home before signing the lease, you see that the rose bushes have been ripped out and the chandelier has been removed. Furious, you march up to the agent, who tells you that the original owner didn’t consider those features part of the deal. Is this legal?

Every first time homeowner needs to understand the difference between real and personal property. Though everything that can be owned can be considered property, the law divides property into two separate categories:

  • Real property. Real property describes the land up for purchase and anything attached to the land. Things like walls, ingrained lighting fixtures, outdoor sheds, and shelving are all considered real property because they are considered to be “immovable” from the property. Real property shown during open houses must be included in the sale of the home except in very rare cases. An example of a rare case is that if a tool shelf affixed to the wall is considered essential for the mechanic who is moving out of the home, he may take it along with him, even though once it is attached to the wall the shelf is considered to be real property and part of the home.
  • Personal property. Everything that isn’t real property is considered personal property. As a general rule, anything that can be easily removed from a property for sale is considered personal property and will not be included with the sale. Things like furniture, bedding, curtains, and small appliances are considered personal property. Personal property also includes intangible property, such as stocks, bonds, or intellectual properties.

In the example above, it is not legal for the previous owner of the home to remove the bushes and chandelier from the home before the sale, as these features are considered real property and an extension of the home. This example also highlights the importance of keeping representation with you while you search for the perfect home in Philadelphia.

Are you looking for assistance with your property sales in South Philly? DJCRE is here to help! We’ll act as your representation in the City of Brotherly Love, and we’ll help you find the perfect space for you and your family. Give us a call today at 215-720-1097.

Tenants with Substance Abuse Problems: What You Need to Know

If you are a landlord and you have suspicions that your tenant is abusing drugs or alcohol, you likely have a number of legitimate concerns. For landlords, addiction can be a costly concern. Many landlords want to immediately evict tenants with addictions because they fear that they will fall behind on rent or damage the property through illegal activity. However, seasoned property managers in Philadelphia know that addiction is considered a disease under the federal Fair Housing Act, making it illegal to evict a tenant solely on the presence of a current or former addiction.

If you suspect your tenant of abusing drugs or alcohol, do not act impulsively — you may end up violating your tenant’s rights, leaving you at risk of being fined or worse. The first thing you need to do if you have suspicions of substance abuse is to document everything that you find troubling. Some common symptoms of addiction in tenants can include ignored phone calls and attempts at communication from the landlord, neglect of property, and multiple missed rent and utility payments. Never rely on gossip for your information; instead, look at the patterns of behavior that your tenant exhibits.

If your tenant’s behavior still suggests that they are abusing drugs or alcohol on your property, schedule a visit to inspect the property and look for damage. Remember that your tenants have the “right to quiet enjoyment,” meaning that you must schedule a visit at least 24 hours in advance with written notice. You should also remember that anti-discrimination laws do not cover behavior that is illegal. A tenant that is using cocaine on your property and one whose drinking habits you don’t personally approve of are two very separate cases.

Before you say “rent my home in South Philly,” you should take the time to consult with a property management company that can protect your investment. DJCRE Property Management can help you find tenants who will respect your space. Give us a call today at 215-720-1097 to get started!

Eviction Dos and Don’ts Every Landlord Needs to Know

Evictions are a lose-lose for everyone involved. Landlords can lose months of rent money and are responsible for the costs associated with evicting a tenant who won’t pay their rent or who is abusing their property. Tenants who are evicted not only have to find a new space, but they also have to do it with a past eviction on their credit report, which can make the process substantially more difficult. Unfortunately, as a landlord, you may eventually be forced to evict a tenant. Our experts in real estate property management in Graduate Hospital have put together a list of dos and don’ts that every landlord needs to know to avoid fines…or worse.

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When Can a Landlord Keep a Security Deposit?

Most professionals working in property management in Philadelphia will require new tenants to provide a security deposit when they move into a new space. A security deposit is like a “hold” to ensure that the tenant does not cause damage to the space while they are living in it. But just how much damage to the property is required to justify the keeping of a security deposit when a tenant moves out? The answer to this question lies in the difference between the definitions of “normal wear and tear” and “damage.” (more…)

How to Stage the Two Rooms That Sell Your Home

Do you know what property hunters really look for when it comes time to decide which homes to buy and which homes to pass on? Property sales in South Philly can be a mysterious code to crack, but our experts at DJCRE Property Management know that two rooms of the home that buyers look most closely at while weighing the decision to invest are the kitchen and the master bathroom.

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3 Mistakes That Many Beginner Landlords Make

If you’ve recently purchased a rental property, congratulations! You’re past wondering “Who will rent my home in South Philly?” and are excited and anxious to find the right tenants to fill your property. However, many first-time landlords underestimate just how complicated managing a rental property can be, which can lead them to unknowingly doing something illegal. (more…)

5 Tips to Survive Having Housemates in College

If you are a college student, you know that roommates are a big part of your life. If you can’t get along with them, your time in college will be rife with arguments and stress instead of fun and memories. (more…)

3 Ways to Find the Right Tenants for Your Property

If you have a home in Philadelphia that you’re interested in renting out, one of the first things on the top of your mind is finding the right tenants to live on your property. After all, your home is precious to you; you don’t want to rent it out to just anyone! (more…)

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