new landlord that will be living next door to tenant

[Tammy Mason]

A friend told me I should not even tell them I'm the owner but just say I'm the property manager. So many people I know have voiced their opinions about my situation, but none of them are even Landlords. So I figured this would be the best place to get some advice!

[Ladd Brunner]

@Tammy Mason

We live next door, and I mean right next door, to a fourplex we own and manage. I’m up front with our tenants about our ownership but don’t disclose details. They just know I’m one of the owners. You aren’t obligated to share your ownership percentage position, etc. When there are at times difficult discussions and decisions, I will sometimes indicate that I will take the issue to “the family” to decide. That’s the wife and our two labs of course. Some insulation, especially in close quarters, is beneficial.

Ladd