Listing property for rent before closing?

[Will Koederitz]

Hello,

I am wondering if it is ok to list a property for rent before I close on the deal?  I would like to list the unit, but not disclose the address.  This is basically just to start the advertising process and begin weeding out people, hopefully.  I could state that the property is available for viewing on (some date after closing) to get the ball rolling to save as much time as possible.  I do NOT plan to show the place until it is in my name, because I know there is a liability for the seller.  I am new to this and am not sure if I am thinking about this correctly, so any input is greatly appreciated!

Thanks

-Will

[Jesse Waters]

If we know that a unit is coming up for rent we try to start advertising about a month prior to the vacancy date, especially if we are certain of the condition of the unit.  However, as a matter of practice, we don't advertise until we have actually closed on the property.  If I can't show it then I don't want to list it.  I have also had delays in closing that would have brought a considerable amount of embarrassment if I was holding out promises for potential tenants.

However, if there is a vacancy, then as soon as I close I post the listing & put a sign in front of the property.