Rent Payment in advance for a year

[Chimp Anji]

Hi All,

first time posting on BP forums. 

I have a rental property in a good neighborhood with a monthly rent of $2300. One of the applicants is willing to pay one year rent in advance and the funds are coming from the sale of their current home. I still have to run the regular checks on him, but he disclosed that his employment ended in april and thats the reason to pay upfront for a year.

what would you do if his credit and background checks out fine.  He is in IT field and would find a job in couple of months.

what would you do in this scenario? 

[John Taylor]

Although $27,600 upfront is tempting my main worry is that your rental could turn into a grow house or meth lab. Good neighborhoods are targeted for lack of suspicion. Money for these operations are no problem. Usually a clean cut prospect with a good story is the front man. I personally know a couple of investors having to fight with the RICO law to keep their property.