Dealing With Abandoned Property and the Dead Tenant
October 4, 2023 @ 11:00 am - 12:00 pm
| Free for AAGLA MembersPatti is Back!
What happens if your tenant dies and leaves behind their property, and there are no heirs to claim it? What is your responsibility when re-renting your unit after someone has passed away in that unit? Did you know that, depending on the circumstances, under California law, landlords must safely relocate and store a tenant’s property left behind, notify the former tenant and his or her contacts, and offer at least 18 days for the tenant to come and reclaim his property? Did you know that If a tenant dies during a lease term in California, the lease remains in effect and that the executor or administrator of the estate becomes the tenant for the remainder of the lease term? Also, in California, when a death occurs in a unit, as a landlord, you must disclose the death to any new prospective tenants for at least three years and in writing!
Once again, our leading multifamily industry expert, Patti Widget, the founder of Widget’s Way again, joins us for another amazing presentation that will help YOU to better understand the regulations and help you to better survive. During this webinar, Patti will help explain what you need to know when faced with dealing with a tenant’s abandoned property, who to contact, what steps to take and how to recover your money. She will also explain your rights and responsibilities if you have a tenant who dies while inside of your rental unit. PLEASE, join us for what will most certainly be an informative online seminar via ZOOM.
During the webinar, we will also cover the following:
- How to know when a tenant has abandoned their rental unit and property? Understand the steps for determining abandonment.
- Your responsibility to secure and store a tenant’s abandoned property under certain circumstances.
- How does a tenant’s death impact the lease? When does the lease terminate following the death of a tenant?
- Who is responsible for the rent after a tenant dies? What happens to a tenant’s property if no one comes to claim it right away?
- Obligation to disclose a death inside of your rental unit to your tenant’s next of kin or contacts, and disclosure obligation to future tenants that may rent the unit.
- And wait…there’s always so much more. YOUR questions will help lead the discussion. ASK Patti anything – she will address your questions for one full hour!
This will be a live, interactive, online learning session. Live Q&A will take place throughout the online seminar. Please join us for what will surely be an extremely informative and entertaining presentation by Patti Widget. Please log in to register on our website at www.aagla.org. If you have any questions, please contact Events Manager, Diana Alcaraz, via email at ; for faster service, please have your membership number ready!
WARNING: THE INFORMATION PROVIDED DURING THIS WEBINAR IS FOR GENERAL INFORMATION PURPOSES ONLY. ABSOLUTELY NO LEGAL OR TAX ADVICE IS BEING GIVEN DURING THIS WEBINAR. BEAR IN MIND THAT EVERY SITUATION IS UNIQUE, AND THE LAWS, RULES AND REGULATIONS ARE SUBJECT TO CHANGE AT ANY TIME. SO, BEFORE ACTING, BE SURE TO OBTAIN TAX AND/OR LEGAL ADVICE FROM YOUR LICENSED PROFESSIONAL.
Seminar Leader:
Patti Widget, Widget’s Way
Patti Widget, Property Management Expert, Widget’s Way. Patti “Widget” has nearly 25 years of experience as a regional property manager. Patti teaches a wide range of classes on property management topics; she is a keynote speaker on property management and housing issues and has published numerous articles for apartment associations. Patti is a repeat guest speaker at UCLA. She also holds various certifications in the industry related to her field, such as a CA licensed Real Estate Broker, CCRM, lead based paint certified renovator from the EPA, Fair Housing and more.
Moderator:
Daniel Yukelson, AAGLA Executive Director
Daniel Yukelson is the Executive Director of the Apartment Association of Greater Los Angeles (AAGLA). As Certified Public Accountant, Yukelson began his career at Ernst & Young, the global accounting firm, and had served in senior financial roles principally as Chief Financial Officer for various public, private and start-up companies. Prior to joining AAGLA, he served as the Chief Financial Officer for Oasis West Realty, the owner of the Beverly Hilton Hotel and Waldorf Astoria Beverly Hills where he was involved in the planning, construction and opening of the Waldorf Astoria. Prior to that, he was the Chief Financial Officer for 15-years of Premiere Radio Networks, the largest U.S. radio network. Yukelson also served as a Planning Commissioner for 6-years in the City of Beverly Hills.
Presenting Sponsor:
Toggle Renters Insurance, a Division of Farmers Insurance
At Toggle Renters Insurance, we hit the refresh button on renters insurance. Toggle Insurance is a start-up insurance provider that is a division of Farmers Insurance. Toggle offers an affiliate referral program that pays you for referrals for renters’ insurance quotes.
Toggle Renters Insurance is inviting members of the Apartment Association of Greater Los Angeles to join its affiliate referral program! Toggle will pay you $12.00 per qualified renters insurance quote. There’s no cost to join the Toggle Renters Insurance Affiliate Referral Program. Renters insurance policies start at just $5.00 per month for $100,000 in liability coverage, and renters get $1,000 of general personal property coverage. For more information, contact Dini at (818) 679-4516 via email at . Visit Toggle’s website at www.gettoggle.com.
Title Sponsor: Kay Properties and Investments LLC
Title Sponsor(s):
Kay Properties and Investments, LLC
Kay Properties and Investments, LLC is a national Delaware Statutory Trust (DST) investment firm with offices in Los Angeles, San Diego, San Francisco, Seattle, New York City and Washington, D.C. Kay Properties team members collectively have over 114 years of real estate experience, are licensed in all 50 states, and have participated in over $21 Billion of DST real estate. Their clients have the ability to participate in private, exclusively available, off-market DST properties as well as those presented to the wider DST marketplace; with the exception of those that fail our due-diligence process. For more information, go to www.kayaagla.com.
