Hi, for those who are living off their rental income, what do you tell people what you do for work? ( you don’t want to tell them how many property you own or anything private)
Realtor · NJ · Member since 2023 · 215 posts · 99 votes
1y
Real Estate Professional
-as long as you are documenting and logging material participation organized and accurately, you would qualify for some sweet tax benefits. Highly recommend speaking to a real estate cpa.
Rental Property Investor · Medford, OR · Member since 2017 · 94 posts · 115 votes
1y
If a tenant asks, I say I'm the landlord. If anyone else asks, I say my husband and I own a small rental property business and that we own and manage our own rentals. If they ask how many units, I'm happy to share.
Investor · Milwaukee - Mequon, WI · Member since 2010 · 5k+ posts · 7k+ votes
1y
I don't like the term landlord. Investor sounds to pretentious and I am definitely not a property manager.
I'm in real estate, even if I would not be an agent I would say that. My card for the rental biz says "partner", that leaves room to say I have to check and get back to you.
I have stopped answering the question about how many units we own even though we are a small fish; its like asking someone net worth, whatever you say the emotional response is mostly negative, either people envy you (not in a good way), worst case they come back at some point later and ask you for money, or the response is to one-up me by saying something like oh, we have 4,000. So I deflect, say a hand full - most people get the hint.