Lender needs proof of deposit and first months rent??

[Ian K.]

So I'm renting out my primary home as we have just gone under contract on a new place.  I have two years of landlording experience so I can use the income from my current primary rental.  My lender said that he needs both evidence of the deposit and the first months rent.  Being that I have to have evidence of this before I can close, I can't actually move the tenants until after they have submitted both.  

Questions: 

Is the best way to have the renter provide a deposit check dated on the day of signing the lease agreement and post dated a second check for the day of move in for the first months rent?

Or is is okay to ask for both up front dated on the signing of the lease?

I'm in Colorado in case that matters. 

Thanks for your help!

[Bill S.]

@Ian K. I get first month and security deposit when we sign the lease and deposit the funds immediately. Most of my properties are leased with money in the bank at least a month before the move-in date. The only exception is somewhere that is difficult to rent and I allow tenants to pay in parts but all funds are in my hands before I give up the keys.

Not collecting rent and SD up front is a recipe for tenants changing their minds at the last minute. When you collect the money up front (at lease signing) if they change their mind have already have their early termination fee money and they haven't even moved in.