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Updated about 3 years ago,
Requesting Rent from a Trust
Good afternoon! I just had a prospective tenant ask if I accepted funds from a trust. She didn't describe it that way exactly, but that is what I finally figured out she was saying. Anyway, sounds like I have to fill out an IRS form to request the funds and will get paid for the full year and deposit in advance. Sounds awesome, right? But is it too good to be true? Have any of you ever dealt with this? It seems the risk is that the check may not get paid, but of course, just don't let them move in before the check clears... Other implications? Thoughts? Concerns? THANKS!!