Note: BCP Real Estate is not a law firm and its employees/owners are not acting as your attorneys. This is provided for educational purposes only and is not legal advice. The following is an illustrative, composite example, not a real client, and any names are fictional. It does not describe or promise any particular outcome.
Meet a man we’ll call Dwayne. He inherited a share of a property that already had renters in it. Suddenly, he became an accidental landlord. On top of that, the property carried unpaid taxes and a lawsuit. Dwayne never wanted tenants, repairs, or rent collection. So he looked for a way to stop being an accidental landlord.
At first, the situation felt messy. After all, people were living there, and the taxes kept growing. Still, Dwayne did not want a lawyer or a court fight. Then he found a cleaner option.
How Dwayne stopped being an accidental landlord
Dwayne owned only his own portion. So he did not have to manage the tenants or the property. Instead, a buyer purchased his portion directly. Then the buyer took on the back taxes and the rental headaches. After that, the buyer removed Dwayne’s name from the lawsuit. Because of that, Dwayne walked away from the landlord role entirely.
Even better, the process cost him nothing. Meanwhile, his relatives kept their own shares. Also, Dwayne signed from home, which kept it simple.
In the end, Dwayne stopped being an accidental landlord for good. He owed nothing afterward. Now he carries no liability for the property, the taxes, or the lawsuit.
What this story shows:
An accidental landlord role can come with inherited property, but you only handle your own portion.
A buyer purchases your share, takes the taxes and the tenants, and removes your name, at no cost to you.
If you want to be bought out of the lawsuit and have your name removed, no cost to you, call or text us at (469) 708-8003 today.
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