Prospective tenant keeps asking to split the deposit

[Mary lou L.]

The house will be available on the 15th. I asked for 1000 security and 825 rent. Deposit in full and prorated rent for June.

He asked first if he could put 500 down on the 15th and the rest on the 1st. I said I no. The entire deposit and rent paid before any keys given. Then the regular rental amount starting July 1st.

Does anyone here split the deposit? how has it worked out?

I just feel if they are serious they will have the money and it is kinda starting things off on the wrong foot if the prospective tenant is asking for concessions.

I do have other prospects in the pipeline, but its just the fact he has asked this twice and Ive given him the same answer. He also has a house to sell and I understand that, but the deposit must be paid in full.

Just venting a little, thanks.

[Ken P.]

Accept a split deposit? Absolutely not!  You want to have a tenan that at least has the financial wherewithal to come up with a full months rent plus the security deposit.  If they don't have the financial acumen to accomplish that, that's a good indication that they don't have the financial acumen to manage rent payment on time, every month.