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Updated almost 11 years ago on . Most recent reply
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Renting During Redemption Period
Hello Bigger Pocket Family- I am in the market to purchase my first tax lien property. After receiving rights to the property, I plan on finding a renter. My first question for everyone is- Can I rent the property out during the redemption period?
If the answer is yes, can I rent the property out to a tenant receiving section 8 housing?
I would like to thank everyone who responds in advance!!! Also, I'm open to any additional information or recommendations. This will be my first purchase and I want to make sure that I take everything into account to prevent this investment from being an epic fail!!!
Most Popular Reply
In texas,
1) you can collect rent from the tenant during the redemption.
2) you can make structural repairs to the property, NOT COSMETIC to the repair & maintenance of the property.
3) all the cost relate to the maintenance can be charged back to the owner when redeem.
4) redemption period- 6 months for non owner occupied & non farm land, otherwise 2 years.
5) owner status starts at the suite day, not tax sale day.
6) TX is redeemable deed state, not lien.