General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago,
So, my tenant just died...
I successfully completed my first tenant turnover!
I finish explaining the terms of the lease with the wife (which they had previously signed) and she says to me, "Oh, by the way, my husband is in hospice." I politely give my condolences and we finish up the walk-through.
Later that evening I am thinking to myself... His Disability Income, pension, and Social Security probably make up 60% of their combined income...and if he dies I'm not sure she can even afford to pay the rent!
Two days later I stop by to fix the mailbox and everything seems fine.
The next day I see them both at a home improvement store and we chat briefly and go about our business. Later that night I receive a notification...which is her telling me that he has passed away! Only 4 days after moving into the house! I sure hope she can pay the rent, I'd hate to have to evict a recent widow... So far she seems like a good tenant and she said she'll be returning to work full-time.
So, my first tenant turnover DID NOT go as I had expected.