Put Rental Property in a Trust?

[Nancy J.]

I just purchased an out-of-state SFH rental property in Ohio, and the property manager is suggesting that I put the property in a trust, primarily for privacy reasons. She has drawn up trust documents in which her property management company is the trustee, and I am the beneficiary. The trust is revocable. She has offered to pay the costs of filing the documents, and there's no fee to pay to the trustee for its services. Has anyone else encountered a property manager who suggested doing this? What are the pros and cons?

I apologize if there's other threads on this. I did a search of the forums and found very useful information, but none specific to a property manager that wants to be the trustee.

Also, any recommendations of attorneys in Ohio who can review trust docs would be helpful.

Thanks in advance!

[Al Williamson]

I have our properties in our family trust, but it that way for estate planning - not for privacy. Why do you need so much privacy? I'm not crazy about giving making the property mgr the legal trustee. Doesn't sit well with me.