[jennapbt]

So I tried to search for it myself and couldn't really find nothing more than the locks, doors windows little things like that. I was just wondering in short if there are certain specifications for a house for it to be rented to another family. Basically for rent by owner?


The story in short: I'm moving out, my step dad wants to just rent the house were in. The house needs lots of things done to it before someone would even rent it (I think so personally). I told him to fix up the little things and make it nice enough to sell. He doesn't want to meet half way and thinks for some reason it would be better to rent it than to sell it because he wants "the house to pay for itself"?? Which I have told him if he fixes up the things and makes it presentable it would probably sell for more than he even bought it for. Not even sure what to do at this point other than to just focus on my own place.:confused:

[CaptainRich]

No doubt, you'll find local codes that set standards that must be met to rent. Permits may be required as well as changes to insurance liabilities. If renting this property isn't your responsibility, walk away, nicely, but walk away. With family it could soon turn to "I told ya so"
Proceed with caution.

[Lowtax4eva]

I'd be careful too, the codes are different for rental properties, especially safety codes. You might have to put more smoke detectors, fire extinguishers and other things apart from just cosmetic improvements.

[jennapbt]

Yeah that's the kind of codes I'm talking about. I couldn't find a list or anything of exactly what needs to be upgraded. The cosmetics are more for money rather than code standards. They are totally separate. I'm just trying to convince him to sell the house and not keep the headache of renting. Wanted the codes to basically be like here read this don't rent.

[CaptainRich]

If the house has serious discrepancies, a home inspection will reveal that and adjust the appraisal to reflect those needs to potential buyers. Have you ever seen HGTV show: "Design To Sell?" Consult a realtor, maybe have them come look at the house. Hire a licensed inspector to evaluate the house from inside and out. Ideally their opinion is in line with the market. There's a lot of work to be done still...