Self-Manage Property I live in (Pros/Cons)

[De-An Watkins]

Hello everyone! I bought a quad in my personal name as I am using my VA loan and will be living on site. I have a Property Management Business and would like to self manage to get the experience. Should I let the tenants know I'm the Property Manager or should I keep it anonymous since I'm on site? Should I not self manage since I'm on site? Pros and cons. Would love to hear your thoughts and experiences!

Thanks for your input 

[Nathan Gesner]

Quote from @De-An Watkins:

I don't believe in lying about who you are. If you tell the tenants you are just the manager and they later find out the truth, it could come back to bite you. Be honest, but set boundaries as to how they communicate with you and when.

[Chris Rich]

Quote from @De-An Watkins:

Hello everyone! I bought a quad in my personal name as I am using my VA loan and will be living on site. I have a Property Management Business and would like to self manage to get the experience. Should I let the tenants know I'm the Property Manager or should I keep it anonymous since I'm on site? Should I not self manage since I'm on site? Pros and cons. Would love to hear your thoughts and experiences!

Thanks for your input 

Since you are living on site I would tell them who you are, I agree with Nathan, you do not want to lie to them.  You are also going to be able to better manage the properties yourself since you do live on site.  

With that said, set boundaries with the tenants.  Once they know you are the landlord and you are close, they may come to you for "emergencies" that are not emergencies.  Keep it professional and establish the expectations.