Sharon Vornholt - Let's Talk Real Estate Investing

What Happens When Someone Passes Away in Your Rental Property

Informações:

Synopsis

I have another reader question for you today, and it’s a good one, and it has to do with what happens when someone passes away in your rental property.    The exact question was:   When a tenant passes away in your rental property, and they have a month-to-month lease with no one else on the lease, how long do you give the family to clean out the house? He was there for 15 years and had a lot of stuff. She also goes on to say they inherited the tenant when they bought the house. What a great question.    So, let’s break this down into bite-sized pieces because there are actually a lot of pieces, and some of them are legal issues to address.     [00:01 - 04:19] Opening Segment • How to navigate probate laws when a tenant passes away in your rental property Notify the authorities and get written documentation of the death • Work with the executor, personal representative, probate attorney, or court to ensure legal compliance   [04:20 - 08:33] Understanding the Process of Handling a Tenant's Estate After Death