Property mngr doesnt want tenants to know I'm a potential buyer

[Chris Campbell]

A property manager for a 5 unit building I'm looking at told me not to mention that I'm a potential buyer to tenants. Instead that I'm from the insurance company. I saw some of the units on a couple of weeks ago. In terrible condition. Property manager is does not inspire confidence, to put it mildly. But what's with the insurance company thing? What would that accomplish?

[Jake S.]

It's just so there isn't a stir in the current tenant base. If they aren't aware of it being sold, then they wont be worried about rents raising, things changing, etc.