Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

10
Posts
2
Votes
Elizabeth Z.
  • Investor
  • Oak Lawn, IL
2
Votes |
10
Posts

Putting a house that is up for sale for rent

Elizabeth Z.
  • Investor
  • Oak Lawn, IL
Posted

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

User Stats

10
Posts
2
Votes
Elizabeth Z.
  • Investor
  • Oak Lawn, IL
2
Votes |
10
Posts
Elizabeth Z.
  • Investor
  • Oak Lawn, IL
Replied

@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

Loading replies...