Sharon Vornholt - Let's Talk Real Estate Investing
What Happens When Someone Passes Away in Your Rental Property
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:11:10
- More information
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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