How to Handle a Tenant Suicide at your Rental Property | Tenants From Hell 10
Suicide is an uncomfortable topic. For many real estate investors and landlords out there it might not be something you've thought you'd have to deal with in your rental property business. Unfortunately that isn't the case. Tenants are people and people commit suicide. Often when people commit suicide they do so in their home. Well guess what? Your tenant's home is your home. As the landlord you are likely going to faced with a situation where one of your tenants has killed themselves inside of your house. You probably have a lot of questions now. What do I do if my tenants kills themselves in my house? Who cleans up after a tenant commits suicide in my house? As the property owner, what are my responsibilities when my tenant kills themselves inside of my property? Is the landlord responsible for removing the tenants belongings after a suicide? Should the landlord give the tenants family the keys to the property after a death? How long should the landlord let the deceased tenant's family have access to the rental property? What do you do with all of your tenant's things after they die? These are all great questions that a lot of new landlords never thought they'd have to answer. Here on the 10th episode of The Tenants From Hell Show James Wise explains to new rental property owners what they need to do in the event of a tenant's death. Whether that tenant's death is via suicide, murder or natural cause the advice remains mostly the same. In addition James Wise explains how landlords can protect themselves from being stolen from by the dead tenant's family in these kinds of situations. Ya see, one time James Wise had a dead tenant's family refuse to move out of their family member's house after HoltonWise gave them access to collect her belongings. This resulted in HoltonWise having to evict the dead tenant's family as they were squatters. Real estate investing ain't always sunshine and rainbows folks. Today's show is about one of the darker topics in property management but it's an important topic for all real estate investors to understand. HoltonWiseTV is property management made easy.
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👇 HELPFUL RESOURCES
The Ultimate Guide to Grading Cleveland Neighborhoods
https://www.biggerpockets.com/blogs/4704/42419-cleveland-neighborhood-grades
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