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Updated almost 6 years ago on . Most recent reply

Previous owners' tenant died, left lots of personal property
Hey Bigger Pockets Community -
I am putting in a cash offer on my third duplex (very exciting) but there is definitely a unique twist. The previous owner rented to an tenant that passed away TWO YEARS ago. The owner never cleaned out the property of personal belongings; when walking through it looks as though that individual just disappeared, nothing has been touched. Luckily there is no stench and there was only a jar of pickles in the fridge. Among other things, there are two cars left on the property that belonged to the deceased. I do not have any knowledge of the owners attempt to outreach to the family, but I assume it was to no avail. I am in Missouri. What are my options? Can I take possession of the cars and resell/donate for tax write-off? Do I have a moral obligation to spend the time tracking down the family?
Appreciate the responses in advance!
Most Popular Reply

In all likelihood, you are probably safe to throw it all away. If no one came in 2 years, no one is coming. Now, I personally, would never start out a new venture by taking risks like that. Sit with an attorney for 1 hour and ask him what the best way to cover your *** is. Maybe you can post notice or put out an ad in the local paper. I, personally, would want to do something as a show of good faith in case something ever came of it, while fully recognizing its most likely nothing would ever come of it.