Posted by Chase Brieman on June 27, 2004 at 22:54:40:
I recommend you set up an LLC and put the property under it. You can then have all the leases use that name as the landlord, and tenants can write checks to the LLC name instead of yours. You should still check with your local housing authority to see if they might possibly have some particular disclosure requirements, but it’s doubtful. And as far as your address, you can always get a P.O. Box so tenants can send their rent checks there.
Invisible landlord - Posted by Donna
Posted by Donna on June 17, 2004 at 15:19:39:
Hi,
I own an apartment in a coop that I would like to rent out. I do not want renters to know my name or home address. Is there a way to sign a lease without revealing it?
Donna
Re: Invisible landlord - Posted by ABC Leasing Services
Posted by ABC Leasing Services on June 27, 2004 at 23:02:50:
Who is going to take and approve/reject tenant applications?
Are you going to hire a property manager?
Or will you be the property manager but you don’t them to know that you are also the owner?
Chase’s idea seems fine to me but I would add a twist.
An LLC gives you liability protection, but not anonymity.
If the building is owned by a Land Trust (anonymity95% of the time) and the beneficiary is an LLC (liability protection) then it will be more difficult for tenants or anyone to know who owns it and you should also be personally protected.
3rd layer of protection would be having a Nevada LLC being the member of the state LLC. That takes the trail out of state and gives you a second (or third) layer of protection.
It is not as expensive as it may sound.