Let’s Talk Real Estate Investing with Sharon Vornholt
Business:Investing
I am often asked what happens to rental property during probate. Specifically, what happens to the rental income during the probate process? In today's show, I'm going to answer these questions as well as some other common questions that pertain to rental properties that are part of an estate, such as, "What happens when the tenant stops paying rent but won't move out"?
Learn the ins and outs of how to handle common tenant problems during the probate process.
[00:00 - 06:54] What to Do When Rental Income Can't Cover Expenses During Probate
[06:55 - 15:13] What to Do if Property Becomes Vacant During Process
Quotes:
"The executor of a probate estate has the authority to file an unlawful detainer. Just the same as if you were managing your own property or property from someone else." - Sharon Vornholt
"An executor can evict someone that ultimately will be an heir to the estate. If it's not on the deed, whatever doesn't matter. The fact is that if they are an heir, it doesn't give them the authority to live in the property rent free." - Sharon Vornholt
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