Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago,

User Stats

8
Posts
2
Votes
Jennifer Rogers
  • Investor
  • St. Paul, MN
2
Votes |
8
Posts

Keeping "property manager" illusion with neighbor-tenants?

Jennifer Rogers
  • Investor
  • St. Paul, MN
Posted

Hello, my name is Jennifer.  I am new to BP and my partner and I are in the process of buying our first duplex in St. Paul, Minnesota.  I wanted to introduce myself and start with a question.

Some of the books I have ready (maybe it was Heather & Brandon Turner's "The Book on Managing Rental Properties," or "Landlording on Autopilot") suggest that it can be helpful to hold yourself out to tenants as the "Property Manager" and avoid telling them you are the ultimate owner/landlord. That way you can let the theoretical "owner" be the bad guy and say you are just following the policies.  

The duplex is only half a mile from our house, in the same neighborhood but far enough away that the sellers or other people on that block are not "neighbors" that we know.  If we end up with neighbor/friends in common, they may easily learn from these common contacts that we are not only the property managers, but we actually own this duplex.  (We have told a few of our friends and neighbors, being excited about getting our first property).  It feels weird to purposely refer to some fictitious "owner" if there is a decent chance they may come to learn the real owners live nearby too and are in fact ourselves.

Has anyone been in a similar situation, and how did you approach it? 

Thank you!

Loading replies...