Long Term Rental

[Christine Wilcher]

Hey guys,

I'm house hacking my 2nd home in South Jersey. I've been living in it over a year now and want to move closer to my job in PA.  I know NJ is not a tenant friendly state however I want to keep the house. I'm working with a realtor to list it and get me a good tenant. I don't see any rentals on the market for the price I'm looking for. I'm wondering how many months of mortgage payments should I have in the bank to keep the house afloat until rented. How long should a house be on the market for rent before selling?

[Sunny A.]

3 Months is good number but it also depends upon your personal finance especially earnings situation. if you are not totally remote you should be able to rent it in 1-3 months.