I have a house that I will be renting soon. My question is after I rent it can I advertise it for sell? I am in California if that matters.
2007-02-10 16:46:36 · 19 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Yes you can. If the renter has a lease, the lease goes with the property to the new owner.
2007-02-10 16:54:58 · answer #1 · answered by Anonymous · 1⤊ 0⤋
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2016-07-19 10:53:52 · answer #2 · answered by Jared 3 · 0⤊ 0⤋
Are you asking if once you get it occupied, if you can turn around and sell it? If so, you can't if you had the tenants sign a lease. You have to uphold your end also. If not, you have to give them significant notice (about 30 days). Besides, you can't bring people in to show them the house while there are tenants in it unless they agree, but then they would know what was going on and not rent it. So yes, legally you can but ethically it's wrong. Tenants have to pay a lot of deposits for utilites and other things and it's really not fair to let them rent for a month and and then kick them out because something else comes along. They are probably looking to rent for more than just a month, they probably want to settle in for at least a year. Besides as a landlord, it's a steady source of easy income, especially if you really screen your tenants.
2007-02-10 16:52:34 · answer #3 · answered by Valerie 3 · 0⤊ 1⤋
Absolutely! Especially if you are advertising it and selling it AS a rental property. It shows that it CAN be rented. I own 4 rental properties, and that's one of the first things i ask: "Is it rented out?" and if it isn't I want to know why? A house that is already rented out means instant income for the prospective buyer. It even adds a little value to the house.
2007-02-10 16:52:50 · answer #4 · answered by JC 2 · 1⤊ 0⤋
one of those answers was really pitiful.
you cannot sell a house that you want to rent because it's not for sale. i suppose you could rent the house from the person and then find someone to rent out part of it and they could pay you.....or you could just not live there, let someone else live there and tell them to pay you rent (which should, of course, be higher than the rent you're supposed to pay). i still doubt that either of those two things could happen because at that point, you'd basically be a real estate agent because you're making a profit for helping someone rent out their house. you need a liscense to do that. but the answer to your actual questions is absolutely not. even if you asked the owner, "how much would you take for the place" and you told you 200,000 and you said, "ok well i'll try to sell it for you" and you find someone that will pay 220,000 in cash, right now, you could not legally collect the difference. atleast in florida, where i went to real estate school.
2007-02-10 16:56:15 · answer #5 · answered by ? 2 · 0⤊ 0⤋
Sure can!
Just give the tenants the appropriate notice to show the place according to your area. Wisconsin requires 24hr. notice. I assume other states are the same. Go to hud.gov it's a helpful website.
I would suggest doing a month to month with the new tenants. It gives you rent while allowing any potential buyers the right to give notice to the current tenant to move out, so the new buyer can move in or let the current tenant continue living there if they want to.
This is assuming you are the owner of a home you wish to rent out then sell.
2007-02-10 16:51:48 · answer #6 · answered by Rachel R 2 · 0⤊ 1⤋
Yes, I rented a house that was for sell for 2 yrs
2007-02-10 16:49:09 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Hi Daisy,
Yes you can sell it after yourent it out. I suggest you have a short term lease, like a 3 month lease or amonth to month. Also put in the lease that the tenants agree to have a lockbox on the door. You might want to discuss showing instructions and times with the tenants as well.
2007-02-10 19:51:34 · answer #8 · answered by Anonymous · 0⤊ 0⤋
I assume you mean you own the house, and will be leasing it to someone else.
Yes, you can sell. However, the lease will continue to it's term, so if you sign a year lease and want to sell it in 2 months, your buyer will have that renter in that home for 10 months.
So you are limiting your buying pool to investors only. Which may or may not get you your best price. I'm guessing less, if it's a single family home.
2007-02-10 16:50:55 · answer #9 · answered by Anonymous · 1⤊ 0⤋
you will lose money by renting it a lot of money if you choose to rent do it under the table but you can always sell a house that you rent you can also land contract the house to the renters
2007-02-10 16:51:16 · answer #10 · answered by gary p 2 · 0⤊ 0⤋
Rent To Own Homes : http://RentToOwnHome.uzaev.com/?sScl
2016-07-13 05:22:32 · answer #11 · answered by ? 3 · 0⤊ 0⤋