Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago on . Most recent reply

User Stats

1,057
Posts
594
Votes
Kimberly H.
  • Residential Real Estate Broker
  • Chicago Suburbs, IL
594
Votes |
1,057
Posts

Out of state, sight unseen, wants to pay a years worth of rent in advance...

Kimberly H.
  • Residential Real Estate Broker
  • Chicago Suburbs, IL
Posted

Just listed my house for rent Saturday.  Got a 3rd call today from an out of state tenant who now says she wants to rent my house, sight unseen, and offered to pay a years worth of rent upfront with a $100/mo (6%) discount, plus security deposit and pet deposit.  She says she and her husband are retired, he is here staying with family in the neighborhood but is afraid if he waits until Wednesday to see the house when our next rental open house is, it will be gone. She said they keep running into that problem, which isn't hard to believe, our rental market is hot. She says they are moving back here because there is family in the area to help her 93 yr old mother, who she says she will put into assisted living soon.

When I was going through the normal spiel about credit checks and sales contract and current mortgage payment info, she was like, well, I don't understand why you need that, we would be paying rent in advance...I don't like tenants arguing with me off the bat, I don't want a problem PITA tenant.

I don't like out of state people, harder for me to look them up on county crime websites since I don't know the counties out there or if they have data online like we do here.

From those of you with tons of rental experience, your thoughts?

Most Popular Reply

User Stats

1,057
Posts
594
Votes
Kimberly H.
  • Residential Real Estate Broker
  • Chicago Suburbs, IL
594
Votes |
1,057
Posts
Kimberly H.
  • Residential Real Estate Broker
  • Chicago Suburbs, IL
Replied

Thanks for the feedback everyone, well, except for one person who felt the need to insult me just because I wanted to reach out to this community and ask for feedback from those with more experience than I. I told her since her husband is in town he can make the rental open house tomorrow like everyone else because we will not rent to someone who hasn't seen the place that we haven't met, and we will only offer a 1.5% discount for prepaid rent. I have a lot of interested people who plan to attend already and I will just pick someone else who is not a PITA. I am willing to bet they will not fill in an application for their 93 yr old mother living with them and it will go to the bottom of the pile until they do and by then I will have rented to someone else. Not making someone else's sense of urgency my own.

Loading replies...