Finding Tenants Beforehand

[Devante Boll]

Hello Everyone,

My question has to do with finding tenants before you close on a property. Do you advertise room(s) or home for rent before closing? Is that legal?

How do you go about reducing vacancy as much as possible when you are about to purchase a rental property?

Thank you for your time!

[Andrew Kerr]

@Devante Boll - not sure off the legality of listing a place for rent before you own it. But I have started marketing a property the week of closing. Ads went up Monday saying showings will be on Saturday, and I had the closing schedule for Friday. 

Also when I do renovations, as soon as I can get quality pictures, I start to market the property so I am doing showings just as we are finishing. I found most people cannot imagine the finished project, so I don't show till we are about done.