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Updated about 10 years ago on . Most recent reply

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59
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Andrea Jones
  • Middlefield, OH
7
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59
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Is there a way to be anonymous, totally, when becoming a landlord?

Andrea Jones
  • Middlefield, OH
Posted

Maybe I'm overly cautious or paranoid but that is a big concern. If it comes to evicting a tenant, or some other reason a tenant may have a grievance, I would feel much safer being some random Jane Doe. 

My first thoughts are buying property with an LLC and having a property manager. But it seems like there are probably a lot of other avenues I would need to cover.
 

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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
Replied
Originally posted by @Andrea Jones:

Maybe I'm overly cautious or paranoid but that is a big concern. If it comes to evicting a tenant, or some other reason a tenant may have a grievance, I would feel much safer being some random Jane Doe. 

My first thoughts are buying property with an LLC and having a property manager. But it seems like there are probably a lot of other avenues I would need to cover.
 

Oh, absolutely, your best avenue is to get with some homeless person or someone who has absolutely nothing. Hire them, pay them a couple hundred buck. Title property in their name and have them execute a quit claim deeds back to you, which you don't file, but keep in your lock box. Then have them hire you to manage the property. If they have had enough wine, there should be no reason to go into details. You manage and keep the money except for the annual $200 you pay them as your straw man.

You'll never get sued, the bum will and he probably won't show up. Did I mention the fake liens you file against the property?

Well, you can play all kinds of games, or, you can provide great management and just never be negligent, then have tons of insurance and sleep well. Either way, you're pretty safe at safeguarding your 50 million dollar estate. :)

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