Bought my first househack! QUESTIONS!

[Bryan Ralphs]

Hello everyone!

I'm so happy that after years of planning and the resources of BP I have bought my first house hack!

My main question is with anonymity within the lease. This is a condo that I've bought and have rented out the other rooms. I think I would prefer that the other tenants not know that I am the landlord while I'm living there. My question is whether or not it is required that on the lease I state that I am the landlord or not or if it could just say property manager. 

I know the conversation of whether to open an LLC or not is an exhausted one, but Id If I did open one, would the property need to be owned by the LLC in order to use it in the lease as the landlord?

I really appreciate any insight yall can provide!

FYI if it matters, I live in Orem, UT

[David Quinn]

Hi Bryan,
    Congrats on your purchase!  I did this myself years ago in Boston in my first rental (long before I ever heard the term 'house hacking').  It was a great way to get started and I wouldn't have been able to afford the area any other way.  I slowly renovated the place while I lived there.  After I met my future wife I moved out and have been renting it out ever since.
    My first question would be why you want the owner anonymity from your future roommates?  Surely you'll get to know them well pretty quickly.  At some point they'll probably figure out you own the place and then wonder why you didn't tell them that.  I never ran into any negatives with my roommates knowing I owned the place.
    I don't know the rules in Utah but I would recommend against withholding that information from your tenants (roommates).  I'd recommend you act as professional and honestly as possible with tenants, weather they're roommates or not.  Good luck!