Aquired a property with 2 hoarders. 1 died in the unit. The other incompacitated.

[Elizabeth Pyle]

Yeah, this one was by far my toughest landlording experience and I've managed over 300 units in my career. 

Bought a 3 flat in Chicago, 1 unit had hoarders. 2 very nice guys who had been there for over 30 years. Got a small discount on price due to the condition of their unit or should I stay peronal belongings.

3 years later I get a call from the police. One was found deceased in the property, the other tenant was nowhere to be found. The unit is about 1800 square feet and so filled with stuff that you could not enter any of the 3 bedrooms, and had to walk in a tiny path around the unit. The tenants lived on 2 recliners in the living room. When you would go in, you would just top and stare, like your brain was trying to comprehend what it was seeing. Then one of the firemen who removed the body left one of the windows open and the kitchen pipes burst, which filled the 1st floor tenants unit with water.  

I found evidence that the 2nd occupant had been living in a nursing facility. I went and visited him and he was fully incapacitated and the state was stepping in to take guardianship of him. My attorney said he techincally still has a lease so we had to evict the tenant who was in the nursing facility. Even with no push back from the tenant, we had to wait 3 months for the eiction to go through. 

So here we are with 1st floor tenants who want out of their lease, 2nd floor who are not paying (1 dead and 1 in the nursing facility), a unit ful top to bottom of stuff, horrible odor, bodily floods from teh deceased, water damage, mice and roaches. Yikes! 

After the eviction was completed, we cleaned out the unit with (7) 30 foot dumpsters and did a full renovation of the unit. Since all of our tenants ended up leaving in that time frame (including the 3rd floor), added in-unit laundry all fo the units and bumped rents. About $80k and 8 months later, our buliding is stabilized! Would I buy one with hoarders again? Ummm, ask me again in a few years after the dust has settled more : ) 

[Tyler Dyson]

I was told when I started, " You will see it all". This is a wild situation I hope I do not! Kudos to you for how you handled it!