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Updated almost 11 years ago on . Most recent reply
Owner as "Property Manager" dilemma
Hey there, this is my first post so thanks in advance for any advice.
I have one rental which I've split into 2 units. I used to announce myself as the owner however I have read throughout this site that this is not recommended and I tend to agree. So recently started saying I'm the property manager; here's my dilemma. 1) I used to live in one of the units for the first 12 yrs so it takes alot of energy for me to remember not to give anything away that would infer I'm the owner. I've only been in my new place for 2 yrs. 2) Anyone could look this up on county records and find out I own the house - pretty easy to do these days. 3) I recently had a prospective tenant seem a bit suspicious about my "property manager" status - he was asking me alot of questions about my company, etc. I fended him off decently but I hate lying like that, one lie to cover the next. One thing to note, I am looking into forming an LLC which I believe will help in this situation but yet again, anyone could look this up and find out, guess who, it's me (as I waive my hand), I'm the owner! I suppose you all are going to say the chances of this happening are minimal, etc. Perhaps this is true but out of the first 5 people through the door, it has already happened. Has anyone else run into this predicament?