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Updated almost 3 years ago,

User Stats

163
Posts
59
Votes
Anthony Simboli
Pro Member
  • Investor
  • Londonderry, NH
59
Votes |
163
Posts

All Cash Offer for Entire Lease Upfront - Good Idea?

Anthony Simboli
Pro Member
  • Investor
  • Londonderry, NH
Posted

Hey guys,

So a unique opportunity came about that I've never experienced in all my years renting. Someone in the neighborhood offered to pay cash (or cashier check) for the entire rental lease (10 month lease) upfront. I'm trying to think of anything that I'd need to do with a situation like this. My plan is to still screen/credit check etc...as I would any other tenant and ask for a set security deposit check and have them sign a lease just as I would. 

Anyone ever have this happen and if so anything to look out for? 

Thanks!

I'm hoping this will help me get more cash up front for more properties!

  • Anthony Simboli
  • Loading replies...