To disclose or not to disclose??
Hi BIgger Pockets,
Just wanted to get a little insight as to wether to disclose or not to disclose, who owns our properties to the tenants that are calling us to Rent a property from us. We want to hear what the pros and cons are for both. My husband does not want to disclose we own them, and I do. Any thoughts?
Most Popular Reply
If you had a tenant apply who provided you the pay stubs you required, and you later found out that the tenant was self-employed with irregular income, and the pay stubs were from his personally-owned LLC, would that bother you?
It shouldn't be a problem, right? Don says "(you ARE managing the property FOR the owners right ;) )" Well, your tenant applicant IS working FOR abc, LLC., right?
Or, if you think that sort of hair-splitting dishonesty IS a problem when the tenant does it, don't do the same thing yourself.
The "good cop/bad cop" thing is silliness. Be a grown-up and own your decisions.
You are about to enter into an important, mutually-beneficial business relationship. Don't start it off by lying.