Subject: Your Tenant Has Died-What To Do With Their Property?

WILMOTH Updates
A quick reference for residential investors from WILMOTH Group. Providing creative solutions, strategy, services and support in the residential investment community since 1994. 
How To Manage Personal Property Upon Death of A Tenant
As a rental owner someday you may be faced with the difficult task of addressing the death of a lone occupant in your rental.  If faced with this situation you may be the first person contacted.  Will you be prepared to respond?  After the initial news is processed, what will be the next steps you will take?  Ultimately, how will you manage personal property owned by the deceased?  These questions can be handled  much easier by taking a few simple steps long before the day.

There are steps to be taken to ensure the situation is handled properly.  Law enforcement authorities will serve as your initial guide.  How to process and manage personal property  begins at the approval of these authorities.  First, possession and clearance to enter the property must be obtained.  After that, the owner or manager may be faced with how to manage personal property owned by the deceased.  Most of the time this issue is not addressed in the lease.

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