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Updated almost 6 years ago on . Most recent reply

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347
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25
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Horacio Gutierrez
  • Rental Property Investor
  • Downey, CA
25
Votes |
347
Posts

How to have tenant just know your property manager not owner

Horacio Gutierrez
  • Rental Property Investor
  • Downey, CA
Posted

Hello,

My dad owns a sfh rental unit we in the process of renting it. We want to rent unit this time as him and myself showing in the rental agreement to tenant that we are property managers and his not the owner. I have fictitious business name but it's only my wife and myself also we my dad has trust but the name of the trust has our last names which the tenant might figure out his the owner. Any ideas how we can put my dad and myself to show as property managers and not owners. We dont want the tenants to know we are the owners. What master leasing to my fictitious name but how will my dad still be part of rental agreement without tenant his the owner?

Most Popular Reply

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1,252
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1,069
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Steve Rozenberg
  • Specialist
  • Houston, TX
1,069
Votes |
1,252
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Steve Rozenberg
  • Specialist
  • Houston, TX
Replied

@Horacio Gutierrez I would say that could be the worse idea I have heard all month.. but its only half way over so you may get beat :-)

In all seriousness I would say that is not the way to run your business. If you were doing business with someone and you found out they were not being transparent and as @Nathan Gesner stated possibly being fraudulent. Would you continue to do business with that company? Always remember that you are running a business when you have a rental property, and there are many laws around that business that can and will get you in trouble if you do not adhere to laws.

Again I would advise against this strategy and create policies and procedures to run your business correctly and you will be much better off

  • Steve Rozenberg
  • Loading replies...