Rent in advance

[Nick Connor]

Does anyone give a discount to their renters for paying in advance? I have yet to do this, but when I talk to friends and family that some of my tenants pay me 3 months at a time they always ask me if I give them a discount for that. Which I don't, but I'm curious if anyone does. Also, my current tenant is paying me 4 months up front and asked if I'd give him a "small break'. What's your thoughts?

NC

[Nick J.]

I don't offer discounts to my tenants but I also do not allow advance payment.

My attorney advised against it because it eliminates my ability to evict if needed because they paid in advance.