Property oversight after I die

[Todd Lukasik]

I am looking for an entity to manage the oversight of roughly 10 rental properties (both residential and commercial) after I die. I have property managers to manage the properties themselves, but I need an entity to keep an eye on the property managers and stay informed around the properties' finances and potentially manage the sales of properties over time. Oftentimes I associate this type of oversight with a bank trust department or something similar. But I'm wondering if anyone have any other ideas about how to handle this? Are there any firms that just act as a fiduciary for properties? I'm not thinking so much around the operational management (as that's what the property managers will do); but, rather more around the "value management" of the properties. So....should the property manager be changed? Is it better to sell a property or keep renting it? How much should the property have in the bank account to be prepared for possible maintenance needs? Etc.....Thanks in advance for any insights. 

[Henry Clark]

Read my post:  Self Storage, so you just died.  This will cover many areas you need to consider.

Then reach out to a "Trust" attorney to set things up.  Not your regular attorney.

Separate industry, but if your near the farm belt.  Have a discussion with a Farm Management service.  Get a fill for the type of services your looking for.  The fee and responsibility structure.