All Forum Posts by: Todd Lukasik

Thanks, Rick. Appreciate your thoughts. 

Thanks, Henry. Much appreciated. 

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.