If a property is put into a trust, is it readily apparent who the beneficiary is? If you told tenants you are a part owner, and also a manage the property, would this take some of the heat off of making all decisions on the spot?
My thought process is that you can still say "I have to talk to the other owners," while maintaining an upfront relationship with the tenants. Just trying to gauge whether or not this would be a good idea. It seems like trying to remain anonymous as the owner while living there would be difficult to pull off over a long time, especially in the case where you meet current tenants while looking at properties.
Something else I have been unclear about is who do your tenants address the rent check to when you are trying to remain anonymous as the owner? Do you need to create an LLC or entity in order to open the bank account under a separate name or is it just in your own name and you maintain you are just the PM?
