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Updated over 5 years ago, 08/27/2019
Cash first YEAR’s payment?
I am entertaining breaking a rule of landlording. I have a potential tenant who runs a legitimate local business-a hair salon. It is mostly a cash business. She has a very good credit score 750 but not enough reported income to meet my minimum requirements. Her husband is taking a new job and also doesn’t have current reported income.
They are offering a year’s rent in cash plus security deposit because of these challenges.
Would we be making a mistake by accepting? Seems like it should work. Right? after a year I could verify his new job income and then re evaluate.
Thanks for your thoughts.