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Updated about 8 years ago on . Most recent reply

User Stats

57
Posts
12
Votes
Amy Bates
  • Real Estate Investor
  • Charleston, SC
12
Votes |
57
Posts

Differentiating Oneself as Property Manager Vs. Owner

Amy Bates
  • Real Estate Investor
  • Charleston, SC
Posted

My husband and I recently purchase our first joint rental.  We purchased it in our own names due to the better rate offer from the bank. 

With that being said, I appreciate the advice that indicates to designate yourself as the manager rather than the owner to tenants.  

However, I'm wondering how to do this within the rental agreement itself.  One must state the tenants' information of course; however, it also indicates the the owner's name and address.  I would prefer they not have my name or address.  The address I can get around with a PO Box, but I was curious how others did it. 

Could I create an LLC just for the management of the properties, or would I need to have a formal property management business for that (licensing, insurance, etc) to do that?

Any advice is most appreciated.  Thank you!

Most Popular Reply

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5,544
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2,364
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Jeff B.
  • Buy & Hold Owner
  • Redlands, CA
2,364
Votes |
5,544
Posts
Jeff B.
  • Buy & Hold Owner
  • Redlands, CA
Replied

I never subscribe to using a nom de plume.  I want tenants to be honest with me so I lead by example.  If I find false info on their application, it's an obvious denial. 

I need their contact info so I share mine.  I want payments mailed to me so they get my address (btw, I self manage ), but a PO Box works too.  I expect to get calls for problems, so I ask them to PLEASE call me.

If I don't feel safe with them knowing this stuff, then 

  • I FAILED IN MY SCREENING PROCESS.

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