Updated over 5 years ago on . Most recent reply
Turning residence into a rental
I'm moving to NYC but just bought a house three months ago here (very last minute job offer that I just couldn't turn down). I'd like to turn it into a rental. It's new, no issues, ready to go.
What kind of insurance policy do I need to change my homeowners policy to? Does this alert the mortgage company? Are mortgage companies converting mortgages from residence to rental/investments? How is that done? Can it be done in these weird COVID times? The house was bought for 1.1M slightly over 3 months ago.