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Updated over 4 years ago,
Placing my name on title but not on bank note
Hi folks,
So, I am wondering if there is a relatively easy way to add my name to the title of a rental property my wife owns. As we were building our portfolio, we purchased properties individually in order to extend the number of conventional loans we could get.
I am managing the entire portfolio, so she is the owner in name only and has no first-hand knowledge of any operations; I am the "face of the company" with our tenants. The issue I am running into is tenant/landlord litigation. As the "manager", in our jursidiction I am not allowed to bring a case against a tenant; only the owner is, or their hired counsel. Therefore, we have had to hire an attorney each time we've had an eviction, even though I "self manage" and am local.
I'm hoping to add my name to the title only, so as the "owner", I can bring these cases to court myself without the need for an attorney.
For context, the properties are in Upstate NY.
Thank you in advance for your collective thoughts!