Estate Planning Mistakes Landlords Make

Send us Fan MailMost landlords spend years building a rental portfolio — and almost no time planning what happens to it when they're gone. Whether you have no estate plan in place or think you have everything handled, this episode may reveal a gap you didn't know existed.In this episode of the Your Landlord Resource Podcast, Kevin and Stacie walk through the most common estate planning mistakes rental property owners make — many of which they discovered firsthand when creating their own living trust. From assuming a simple will is enough, to forgetting to fund the trust as your portfolio grows, to mismatched documents between spouses, this conversation covers the practical and emotional side of getting your estate plan right.They also cover two estate planning tools that many landlords overlook entirely: Power of Attorney and the stepped-up basis tax rule — and they explain why having a Standard Operating Procedures manual is just as important as the legal documents themselves when it comes to protecting your rental business and the people you love.LINKS & REFERENCES MENTIONED IN THIS EPISODEEpisode 6 – Standard Operating Procedures for LandlordsPower of Attorney Article – Your Landlord ResourceProperty Management Software with Digital Lease and Tenant Records Management:•      TurboTenant •      Innago •      Avail •      DoorLoop Connect with Us: 🌎 Visit our website 📧 Subscribe to our newsletter.👆 FREE Landlord Forms and Doc’s🤳Text Us: 650-489-4447📩Email us at: [email protected], [email protected] ➡️ Give us a review: Apple or on Spotify or YouTube ✔️Course Waitlist📱 Instagram, Facebook, &  Private Facebook group