renting in the winter

Buying & Selling Real Estate
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renting in the winter

Ken Oconnor
Lansing, IL · Member since 2014 · 7 posts · 0 votes

I'm buying a house to rent out the only problem is that the closing will happen in December and after some rehab it may be January before I can rent out chicago has bad winter's should I hold off until spring a lot of people don't like moving in the winter and I don't want to have to pay the mortgage all winter 

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Jeff Valentino
Residential Real Estate Broker · Winston Salem, NC · Member since 2011 · 345 posts · 120 votes
10y

While it may not be ideal, if you have a good product priced and marketed right you'll get it rented.

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  • Jeff Valentino
    Residential Real Estate Broker · Winston Salem, NC · Member since 2011 · 345 posts · 120 votes
    10y

    While it may not be ideal, if you have a good product priced and marketed right you'll get it rented.

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  • Ken Oconnor
    OP
    Lansing, IL · Member since 2014 · 7 posts · 0 votes
    10y

    thanks Jeff the people on bigger pockets are the best 

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  • Stone Teran
    Investor · Cincinnati, OH · Member since 2015 · 374 posts · 120 votes
    10y

    What stinks is keeping the heat on while it sits vacant.  I'd still buy it.  You sometimes find better deals in the dead of winter.  Also, rehabs often take longer than expected.

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  • Account Closed
    Investor · Chicago, IL · Member since 2014 · 169 posts · 29 votes
    10y

    @Ken Oconnor

    You could also do a 6 month lease for the first tenant then either renew in the summer or get a new tenant on a year lease. 

    Good Luck!!!!

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  • Dan Madden
    Investor · White Lake, MI · Member since 2014 · 38 posts · 4 votes
    10y

    I have a similar dilemma.  Closing on cottage in a resort area up north this month (area's pretty dead in the winter except for a couple of winter events).  Debating if should get in there, un-winterize it, pay the heating bill & electric through the winter.  Some people do VRBO their cottages during these events.  Still only talking 3 weekends or so.  

    I did check the local paper yesterday and there's double the amount of homes & apartments for rent as compared to back in August.       

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