Reply to House titling question - both names or one?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]For a personal residence both people should be on title, in pretty much every case. For investment properties it really depends on the jurisdiction and your tax situation. There are sometimes regulations that kick in for landlords who own a certain number of rental units. For example, in DC rent control kicks in once you own a stake in 4+ units, so it might make sense to have separate ownership.[/quote]

FWIW I don't think you can get around rent control that way.[/quote]

Correct. That is 4 units in one building. Also, I don't think rent control means what you think it means PPP.[/quote]

NP and professional developer here. As always, lots of bad info about real estate here. Both of the responses above are incorrect.

It is not 4 units in one building. There is a 'small landlord exemption' from rent control for owners of 4 or fewer units, which I'm pretty sure is what poster above is referring to. And yes, you can split ownership among family members to get around the limit. Spouse A owns units 1-4, and collects those rents as income. Spouse B owns units 5-8 and collects those rents as income. As long as each person has no ownership interest in the other's properties, this is perfectly legal. This has been brought before DC Superior Court by tenants on a few occasions, but the owners have won in every case, to my knowledge.[/quote]

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