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Updated over 5 years ago, 06/20/2019
tenant paying 1 year rent in full, good or bad?
Hey everyone,
I just recently bought a rehabbed property in KS, MO. my PM just informed me that someone is interested in renting the property. This individual just hit a jackpot and wants to pay the one year rent upfront. According to the PM, they will still do a background check on her and she will still pay a deposit and it's just her and her daughter apparently. Anyone have any experience dealing with tenants like this? Are there any potential downside to getting all the rent up front? Thank you.