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Updated over 14 years ago on . Most recent reply

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Kevin Kaczmarek
  • Real Estate Investor
  • Fishers, IN
196
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408
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Car Found in Garage. Whats best disposition?

Kevin Kaczmarek
  • Real Estate Investor
  • Fishers, IN
Posted

I received a call today from a relative that just bought his first rental, and to his excitement there was a car in the garage. I found out it was nothing fancy, a mid 90's Dodge that is probably worth $1000.00. My question is what is the best thing to do with it? Do you try to sell it? Donate it? What is the smartest way to handle it in a real estate business.

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Jon Klaus
  • Developer
  • Garland, TX
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Jon Klaus
  • Developer
  • Garland, TX
Replied

I'd get the VIN and ask the tax and title office who owns it. Or at least who it's registered to. You shouldn't assume ownership of it without trying to find the real owner and ask them to claim it.

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