Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Looking at a rental house, that had a death occur
Old 06-15-2015, 02:25 PM   #1
Thinks s/he gets paid by the post
Lakewood90712's Avatar
 
Join Date: Jul 2005
Posts: 1,316
Looking at a rental house, that had a death occur

I am looking at rental houses to buy as an investment. One had a death occur, inside, and as such in CA , it must be disclosed to a prospective buyer for 3 years after the death. I believe it must also be disclosed to a prospective tenant, for the same 3 year time frame.

Wouldn't bother me, but might a tenant. Take the risk of being harder to find a tenant , or lower rent ?

In Hollywood, if a celebrity dies in a house , it's considered a "feature", this place doesn't qualify.
__________________

__________________
Lakewood90712 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 06-15-2015, 02:29 PM   #2
Moderator Emeritus
aja8888's Avatar
 
Join Date: Apr 2011
Location: The Woodlands, TX
Posts: 7,176
Quote:
Originally Posted by Lakewood90712 View Post
I am looking at rental houses to buy as an investment. One had a death occur, inside, and as such in CA , it must be disclosed to a prospective buyer for 3 years after the death. I believe it must also be disclosed to a prospective tenant, for the same 3 year time frame.

Wouldn't bother me, but might a tenant. Take the risk of being harder to find a tenant , or lower rent ?

In Hollywood, if a celebrity dies in a house , it's considered a "feature", this place doesn't qualify.
You generally don't pick your place to die, and I'd believe a lot of people die at home. Three in my family have in the last several years. I don't think it's a show stopper.

Actually, my next door neighbor (older widow) was found dead in her home last Christmas day. The house sold with no issue.
__________________

__________________
......."Everybody has a plan until they get punched in the face." -- philosopher Mike Tyson.
aja8888 is offline   Reply With Quote
Old 06-15-2015, 02:29 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2006
Posts: 11,019
If it was natural causes, no problem. If it was a murder, that's another story!
__________________
Meadbh is offline   Reply With Quote
Old 06-15-2015, 02:31 PM   #4
Recycles dryer sheets
 
Join Date: Feb 2012
Posts: 443
My mom died at home and we sold the house w/in the year in the late 90s (SF Bay Area). Multiple offers. A violent death might be different, but then again, it would depend on the housing market in your area.
__________________
TrvlBug is online now   Reply With Quote
Old 06-15-2015, 02:45 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
calmloki's Avatar
 
Join Date: Jan 2007
Location: Independence
Posts: 5,460
Currently living in the house our long time neighbor died in. Have had several deaths in rental apartments - a suicide by gunshot and an "accidental" death by gunshot. We disclosed, though not required to in Oregon. Neither have been any problem to get rented, though we did do new paint and carpet. Main issue with the rentals was dealing with it personally.
__________________
calmloki is online now   Reply With Quote
Old 06-15-2015, 05:24 PM   #6
Moderator
Walt34's Avatar
 
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 16,577
Well, unless it was caused by a poltergeist....

Otherwise, no problem.
__________________
I heard the call to do nothing. So I answered it.
Walt34 is online now   Reply With Quote
Old 06-15-2015, 05:35 PM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
 
Join Date: Mar 2007
Posts: 9,899
Most people die, eventually.
__________________
Yes, I have achieved work / life balance.
travelover is offline   Reply With Quote
Old 06-15-2015, 05:50 PM   #8
Thinks s/he gets paid by the post
 
Join Date: Feb 2007
Posts: 1,905
Quote:
Originally Posted by travelover View Post
Most people die, eventually.
Interesting. If you are aware of any that don't would you mind sharing some of the particulars?
__________________
ejman is offline   Reply With Quote
Old 06-15-2015, 05:56 PM   #9
Thinks s/he gets paid by the post
 
Join Date: Mar 2011
Posts: 3,709
I ain't 'fraid of no ghosts....
__________________
Living well is the best revenge!
Retired @ 52 in 2005
marko is offline   Reply With Quote
Old 06-15-2015, 06:02 PM   #10
Thinks s/he gets paid by the post
 
Join Date: Mar 2009
Location: Pittsburgh, PA suburbs
Posts: 1,769
It wouldn't bother me provided it wasn't a murder. That would bother me and I would not rent the house nor would I buy it.
__________________
WhoDaresWins is offline   Reply With Quote
Old 06-15-2015, 06:03 PM   #11
Thinks s/he gets paid by the post
38Chevy454's Avatar
 
Join Date: Sep 2013
Location: Cincinnati, OH
Posts: 1,587
Quote:
Originally Posted by travelover View Post
Most people die, eventually.

I would like to be one of the exceptions to that! However odds are I am in the majority.


Sent from my iPhone using Early Retirement Forum
__________________
After Monday & Tuesday even the calendar says, W-T-F...

Semi-Retired 7/1/16: working part-time (60%) for now [4/24/16 changed to 80%]
Retired Aug 2, 2017; age 53
38Chevy454 is offline   Reply With Quote
Old 06-15-2015, 06:09 PM   #12
Thinks s/he gets paid by the post
heeyy_joe's Avatar
 
Join Date: Nov 2012
Location: Madeira Beach Fl
Posts: 1,403
If it becomes haunted, maybe you could charge the heirs of the deceased rent. Check Ca law, this house could be a goldmine!
__________________
_______________________________________________
"A man is a success if he gets up in the morning and goes to bed at night and in between does what he wants to do" --Bob Dylan.
heeyy_joe is offline   Reply With Quote
Old 06-15-2015, 06:32 PM   #13
Recycles dryer sheets
 
Join Date: May 2014
Location: Yuma AZ
Posts: 270
Awhile back, we put an offer, did inspections, etc. on a decent prospective rental, and during the process found that the son of the owner, while the son was living in the house, murdered a young girl.Maybe it's just us, but we found a reason to drop the deal.
__________________
unno2002 is offline   Reply With Quote
Old 06-15-2015, 10:12 PM   #14
Thinks s/he gets paid by the post
ExFlyBoy5's Avatar
 
Join Date: May 2013
Posts: 1,977
We had a house a few miles away that a man was violently murdered. The perp is still at large, no motive was ever disclosed and the house backs up to a cemetery. When it finally hit the market (about 6 months after the murder) it had 7 offers and was under contract the same day. It sure didn't seem to dissuade any buyers!


It's sad to drive by there around Christmas as he always had a great display but that has been absent the last couple of years.
__________________
Founder and Head Lounger @ The Life of Leisure Institute
Retired in 2014 at the Ripe Age of 40.
ExFlyBoy5 is offline   Reply With Quote
Old 06-15-2015, 10:27 PM   #15
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Apr 2013
Posts: 5,599
We bought a place to later learn the original owner was killed in an accident mowing around one of the ponds. Later we found out his ashes had been scattered around the property. Really didn't bother us. When I realized the Ford 8N we had bought with the property had at some point been rolled, it all clicked. I was operating the same machine the fellow died on mowing around the same ponds.

I still would have bought the place.

The 8N did get a "third brake" installed to prevent the brush hog powering the tractor when the clutch was disengaged; probably the cause of his death.
__________________
MRG is offline   Reply With Quote
Old 06-16-2015, 12:13 PM   #16
Thinks s/he gets paid by the post
tryan's Avatar
 
Join Date: Mar 2005
Posts: 2,449
Had a multi family in the hood that had 4 unrelated deaths in it over 13 years. The worst was a hanging and shooting.

People have short memories. The only vacancies caused by the deaths were the deaths themselves ... no reputations/karma issues.
__________________
FIRE'd since 2005
tryan is offline   Reply With Quote
Old 06-16-2015, 02:39 PM   #17
Thinks s/he gets paid by the post
Car-Guy's Avatar
 
Join Date: Aug 2013
Location: Citizen of Texas
Posts: 2,483
Quote:
Originally Posted by travelover View Post
Most people die, eventually.
If that's the case, I guess I should consider increasing my annual WR.
__________________
Car-Guy is offline   Reply With Quote
Old 06-17-2015, 07:48 AM   #18
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
easysurfer's Avatar
 
Join Date: Jun 2008
Posts: 7,897
But the question is, are there a lot of unusual cold spots in the house?

I bet someone dying in the house naturally isn't that uncommon as if given a choice, most prefer to die at home than at the hospital or a nursing home.
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
easysurfer is offline   Reply With Quote
Old 06-17-2015, 08:01 AM   #19
Thinks s/he gets paid by the post
DFW_M5's Avatar
 
Join Date: Sep 2003
Posts: 4,982
This must be a California thing
__________________
Doing things today that others won't, to do things tomorrow that others can't. Of course I'm referring to workouts, not robbing banks.
DFW_M5 is offline   Reply With Quote
Old 06-17-2015, 08:16 AM   #20
Recycles dryer sheets
 
Join Date: Nov 2014
Location: Texas
Posts: 164
Quote:
Originally Posted by MRG View Post
We bought a place to later learn the original owner was killed in an accident mowing around one of the ponds. Later we found out his ashes had been scattered around the property. Really didn't bother us. When I realized the Ford 8N we had bought with the property had at some point been rolled, it all clicked. I was operating the same machine the fellow died on mowing around the same ponds.

I still would have bought the place.

The 8N did get a "third brake" installed to prevent the brush hog powering the tractor when the clutch was disengaged; probably the cause of his death.

I had a tractor just like that growning up. When the clutch was pushed in with the brakes the brush hog would continue to push the tractor. I got to the point you had to time your stopping distance . Even as a teen I thought it was a little unsafe.


Sent from my iPhone using Early Retirement Forum
__________________

__________________
Terryjm51 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
buying rental property in an area that has had lots of foreclosures? xtradoe Other topics 7 01-13-2009 10:34 AM
Purchase of Rental House want2wander FIRE and Money 83 06-17-2008 04:48 PM
Rental House - Keep or Sell? GoodSense FIRE and Money 26 03-24-2008 10:09 AM
could use advice on the rental house Caroline FIRE and Money 10 07-26-2005 06:20 PM

 

 
All times are GMT -6. The time now is 01:57 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.