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Updated almost 9 years ago on . Most recent reply

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Mike Dymski
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
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paying year upfront and discount

Mike Dymski
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
Posted

Anyone accept a year rent upfront and provide a discount...potential tenant is asking?  If so, what amount of discount do you use?

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Michell P.
  • Residential Real Estate Broker
  • Portland, OR
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Michell P.
  • Residential Real Estate Broker
  • Portland, OR
Replied

Nope, we don't accept prepaid rent unless a current tenant knows they'll be traveling or some such reason.  

What if they violate your lease and you want them gone but they've prepaid for a year?  

It seems like every story I hear where someone accepted prepaid rent for a year, the tenant turns out to be involved in drugs or criminal activity.

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