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Updated over 10 years ago on . Most recent reply

User Stats

348
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111
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Rafael Floresta
  • Investor
  • Philadelphia, PA
111
Votes |
348
Posts

Tenant wants to pay whole year lease at move in

Rafael Floresta
  • Investor
  • Philadelphia, PA
Posted

I have this property I recently remodeled, and went very possibly over remodeled. 

http://www.biggerpockets.com/forums/223/topics/142...

Now I get a call from a prospective tenant that says she is willing to pay a whole year in advance. 

It seems tempting to know I wont have issues collecting payments, but I am assuming he/she has bad credit. 

Does this normally happen? Do people pay whole years worth of rent at move in? Is this a bad setup for the second year?

Most Popular Reply

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1,871
Posts
1,458
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Larry Turowski
  • Flipper/Rehabber
  • Rochester, NY
1,458
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1,871
Posts
Larry Turowski
  • Flipper/Rehabber
  • Rochester, NY
Replied

@Rafael Floresta This topic seems to come up from time to time.  I think the consensus is to stick to your screening criteria.  Check out these threads on the subject:

http://www.biggerpockets.com/forums/52/topics/141075-out-of-state-sight-unseen-wants-to-pay-a-years-worth-of-rent-in-advance

http://www.biggerpockets.com/forums/52/topics/140245-would-you-rent-to-unemployed-couple-with-6-months-prepaid-rent

http://www.biggerpockets.com/forums/52/topics/81899-ever-get-a-tenant-offering-to-pay-a-few-months-in-advance

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