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Updated almost 7 years ago on . Most recent reply

User Stats

17
Posts
3
Votes
Jacob Stark
  • Investor
  • Centennial, CO
3
Votes |
17
Posts

Renter offering 12 months up front

Jacob Stark
  • Investor
  • Centennial, CO
Posted

We just started marketing a rental in the Dallas area and one potential renter has offered us 12 months rent up front.  We're thinking this is a no-brainer to take (assuming renter passes credit/background checks) but just curious if anyone has any experience with this or gotchas that I can't think of.  If you've done this before, did you offer a discount based on up front cash and if so, how much of a discount?  Our margins are slim on this one, but would be great to get 12 months all up front.  Thanks all.

Most Popular Reply

User Stats

90
Posts
30
Votes
Aaron Crow
  • Investor
  • Forney, TX
30
Votes |
90
Posts
Aaron Crow
  • Investor
  • Forney, TX
Replied

So the question I ask is why would he offer that?  There has to be a reason?  What reason would providing a full year of rent of front hope to overcome?  That seems really suspect to me.  If they has that kind of cash, why not buy?  not sure this is a good deal for you.

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