(Update) Another Tenant died...and then two more!

[Nathan Gesner]

I received a call from concerned neighbors. This Tenant normally goes for walks every day. Nobody has seen him for three days, his lights are on, and his truck has not moved. I go over for a welfare check and find him face down in his workout room. It appears he was working out with dumbbells and just dropped dead. He was 77 years old and a very happy, active guy.

The point of this post is to remind everyone to have a plan in case a renter is deceased or even incarcerated. This is my second renter to die in two months and the sixth one in two years. Who do you call? Who should you allow into the rental to remove belongings? What do you do if rent or utilities are owed?

Build a plan before it is needed.

[Jim K.]

Nothing puts the passive in "passive income" like a dead body...