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Updated almost 11 years ago on . Most recent reply

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34
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13
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Scott Voytko
  • Rental Property Investor
  • Clermont, Fl
13
Votes |
34
Posts

Do you disclose yourself as the owner when showing a rental?

Scott Voytko
  • Rental Property Investor
  • Clermont, Fl
Posted

I've heard mixed answers, including in podcast 60 where they say they are not the owner, but the manager, of a rental property they own.

It is my understanding that if you are a licensed realtor(at least in Florida), and own the property, you must disclose that you have a financial interest in the property to any potential renter (and of course, buyer). What do you do? And how do you disclose it?

My first instinct is to disclose it in the lease, but portray myself as the manager. Just curious how everyone else handles it.

Most Popular Reply

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604
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327
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Chris Adams
  • Contractor
  • Valparaiso , IN
327
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604
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Chris Adams
  • Contractor
  • Valparaiso , IN
Replied

I have no reason to hide the fact that I am the owner, and I can think of quite a few benefits of telling them I am.

First and foremost the tenant will understand that as the owner what I say carries credibility. Unlike dealing with a PM who runs numerous different properties and may not be able to give them specific answer.

If your starting off a relationship with a new tenant by hiding your identity, then how can you expect your tenants to be truthful towards you.

Hiding my identity would be chicken **** imho. If someone doesn't want to disclose this information, then maybe they shouldn'y be showing their properties and should put systems in place to remove themselves from being that involved in the daily PM.

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