What Should I Do With the Vacant House that Won’t Sell in Winter?

trying to sell a houseBought your new home and moved in, but your old home hasn’t sold yet as the slower winter months approach? Don’t despair; you can still ensure that your home doesn’t sit vacant and vulnerable all winter long while you’re stuck paying two mortgages—without having to compromise on a lower price or short sale.

Rent Your Home Short-Term

You might not be finding any buyers, but there may be some renters out there looking for a place to live short-term, while they’re on travel, doing contract work in the area, or possibly even waiting for more buying options to hit the market in another area. And with a short-term rental, you can time your renter’s lease to end right around the time the market starts to pick up again. This way, you won’t have to worry about winterizing your home, and you can have your renter pay at least a portion of your mortgage.place your home for rent

Here are some helpful tips for renting out your vacant home in the winter.

Work with a Property Management Company

Worrying about finding tenants and handling their maintenance requests can be a bit stressful, especially if you have relocated outside of the area. Work with a good property manager to find qualified renters and handle any issues that could arise along the way. They can take care of the entire rental process for you—marketing and advertising, showing, screening, rent collection, and maintenance issues.find renters with a property management company

Talk with Your Homeowner’s Insurance Agent

Talk with your insurance agent to be certain that you aren’t paying for insurance on your renters’ belongings (which should be paid for by them with separate Renter’s Insurance). Your agent might be able to change your policy to cover only the structure and not the belongings inside the home.

Find Your Erie County Property Manager Today!

If you’re considering renting out your vacant home in Erie, PA, then it’s time to contact Marsha Marsh Real Estate Services! As experienced local Realtors and property managers, we can help connect you with the right tenants, and manage your rental for you, even if you’re far away.

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