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Updated almost 8 years ago on . Most recent reply
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Putting a house that is up for sale for rent
I currently have a house for sale but there hasn't been many showings. I decided to put the house for rent since I only have 2 more months on the contract with my realtor. I figured, that way I have time to find good tenants. I have done this before and has worked out. I simply let the tenants know the house if for sale and do a month to month contract with 30 day notice if the sale goes under contract. Also a 48 hour notice if there will be a showing. I also give them the option of staying if the house doesn't sell and doing a longer lease. Well today my realtor informed me that I can't do that and will have to take the house of the market if I'm going to be advertising it for rent. Is there a new rule stating this that I'm not aware of? What are your thought on this matter.
Most Popular Reply
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@Mindy Jensen thanks for the advice! I did have a 5 month contract with the agent but I'm trying to cancel it since they didn't like me putting it up for rent. I plan to just rent and hold for now. I normally rent out my properties but my investor wanted to try flipping. Guess I'll be sticking to rentals! lol