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Philadelphia is known as The City of Brotherly Love. It is the fifth most populous city in the United States, with a population of around 1.5 million. It is also the largest in the State of Pennsylvania, and the second-largest city on the East Coast, serving as a major commercial, education, and cultural center. Philadelphia's economy is primarily dependent on manufacturing, refining, food, and financial services. Philly once served as the capital of the United States, before the construction of Washington, D.C. The federal government still has a large presence there, as the East Coast operations of the United States Mint are based near the historic district. The current median home price for the Philadelphia metro area is $218,000 which is close to the national median price of $217,900. North Philadelphia is divided into several neighborhoods and is dominated by different ethnicities such as Latino, African-American, and European communities. The neighborhoods and the city can be characterized by a diverse selection of living arrangements ranging from brick row homes, loft-style apartments, large brownstones, and town homes. While home ownership is fairly high, a large number of residents prefer to rent apartments managed by professional management companies because of the flexibility it affords. Apartment complexes also enjoy the traffic from the nearby cities of Washington D.C. and New York, as a lot of people tend to move to Philadelphia for a short term job stint. One of the major property management companies in the city of Philadelphia is listed below: CIPM, LLC PO Box 1215, Sharon Hill, PA 19079 CIPM LLC was founded in 1985 and manages multiple properties located from Exton to Souderton. The largest property managed by CIPM LLC has 170 units. CIPM LLC manages homeowners and condo associations with up to and more than fifty units. They also manage multi family complexes varying from five units to more than a hundred units. Operating out of their office in Norristown, CIPM LLC, brands itself as a financial management company as opposed to a property management company. The services provided by CIPM LLC include preparing monthly financial reports, preparing meeting minutes and agendas, managing the correspondence between the tenants and contractors (if applicable), managing Association Fee payments and issuing notices for late payments. Listed below are some suggestions of websites that provide useful information in finding apartments in the city of Philadelphia and the suburbs. Apartments.com, Apartmentguide.Com, Apartments.net (The above three websites provide information for the entire United States) Citypaper This website lists the local newspaper classified listings. Not a tremendous amount listed here, but its always worth checking out. 4wallsinphilly This lists the apartments in the Philly area. Again, this website is not huge, but, there are some nice listings. Lindyproperty This lists the apartments for students. This is the ideal website for anyone looking for inexpensive housing. Just be forewarned, as inexpensive rental units in Philadelphia translate to very small. Ironstone This provides the rentals for Ironstone properties, which is a huge part of the Philadelphia landscape. Philadelphiamanagement, Aldenpark, Presidentialcity, Historiclandmarks All four of these are just miscellanous companies you can check out. All are property management companies, with units spanning from South Philly to North Philly, and everywhere in between. Kormanresidential a nationwide company, that really targets the business professional. Most units are fully furnished, and can be rented for 3, 6, 9, and 12 months at a time. They are a little on the pricey side, but are perfect for someone who is only going to be in the city a brief period of time. AIMCO AIMCO is probably one of the largest property management companies in Philadelphia. With towers of apartments in various desirable locations throughout the city, one cannot really go wrong in renting one of their units. Roommateexpress This website is perfect for someone who doesnt mind bunking with a complete stranger. Typically, you will find rooms for rent on this website, as opposed to actual full units. Craigslist.org also offers a wide selection of properties. From houses to efficiency apartments, if you can take the time to sort through the number of properties listed on this website, you are bound to find a deal. Just understand that most of the listings will be from private individuals, not actual property management companies. Whatever your budget, tastes, and lifestyle, Philadelphia has the resources to accommodate your real estate needs. There are a tremendous amount of resources available to help you make an educated decision.
Article Source: http://www.financemanual.com
Tabitha Naylor is an experienced mortgage broker/consultant with Apex Financial Mortgage. For more information, or additional resources on home loans, visit Apex Financial Mortgage
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