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Updated almost 4 years ago on . Most recent reply
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How to house-hack SFH without notifying tenants you are owner?
I recently purchased a SFH with my parents to live in while at college. The plan is to rent out the other two rooms to other students. I would like to do this without them being aware that I'm one of the owners because I don't want them to take advantage of the situation. As of now, I've told the potential roommates that I am working with the property management company to help find tenants and as singular point of communication to reduce confusion. But when I was looking at leases, they all have the landlord put their name on the lease and I'd rather not have my name or parents name on it. Any advice is welcome as I am very new to this.
Most Popular Reply
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- Real Estate Consultant
- Mendham, NJ
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It's silly to think they won't know. I can find out the main officer of an LLC in two minutes and trace it back to you. Way too many people keep trying so hard to figure out how to be unknown, but don't house hack if you want that. They will always know and when they find out later and realize you hid the fact, it won't help you. You should never be trying to hide things as a landlord, the more upfront you are with your tenants, the better, even if they live with you.
- Jonathan Greene
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- Podcast Guest on Show #667
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