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Updated about 15 years ago on . Most recent reply

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Bienes Raices
  • Orlando, FL
281
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2,498
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Presenting yourself as "not the owner"

Bienes Raices
  • Orlando, FL
Posted

For those who own properties in an LLC and tell the applicants that you're the property mgr, not the owner, do they continue to press you about the nature of the LLC and who its members are? The reason I'm asking is because on the property I just rented out (which I own under my own name, for now anyway), I had a number of people who acted like real busybodies ("how many properties do you own?", etc.). Also some people who are very suspicious about the property possibly going into foreclosure. I understand that concern, but it gets tedious.

I know that they can figure out who's in the LLC if they snoop around, but I'm not sure how sophisticated most of these people are in that regard.

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Jeffrey K.
  • Real Estate Investor
  • Milwaukee, WI
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Jeffrey K.
  • Real Estate Investor
  • Milwaukee, WI
Replied

The answer for a tenant is "my company owns this property."

The answer for some rando or guy who talks to you while walking by is that you are doing work for the owner (I buy a lot of REOs and sketch people come by looking for the past owner who owes them money).

When I first started and only had 8 units and people used to ask how many units do you own? I would respond, "You would be surprised!"

BTW, I look very young and these still all work for me and should work for anyone.

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