I have a property that I inspected and eventually the owner met me there, after someone else provided access. This is over 9,000 sf, over 1.5 acres, pool, tennis court, separate indoor half basketball court, grill, outdoor fireplace, and a fire pit, and being leased. When I asked about the current rents, he didn't remember and had to back to the office and check, eventually he got back to me and said it was $30,000 monthly, but while he was there he told me his brother is leasing the property.
Well, after doing some research I found the property was under the name of their company, in March 2025 it was transferred out of the company and to the brother that is leasing it, and in April 2025 it was transferred to the brother that is the current owner of title. After some more digging I found out that the company filed bankruptcy and the property was up for some type of auction sometime in June 2025, and with some more research, found that the current owner was in the same boat on his residence.
Basically, the brothers owned the company together, it went under while the company held both of their personal residence. They transferred from the company to their own name, then transferred each property again to the other, so they are now technically leasing their own residences from their sibling. Is there any ethical obligation I have to report the shadiness of all this, or just report all the transfers for my property that I'm working on? Oh, and lets not mention the fact that I have absolutely no rental properties in that price point.
