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Updated over 5 years ago, 08/27/2019

User Stats

14
Posts
1
Votes
Scott McCurley
Pro Member
  • Mohnton, PA
1
Votes |
14
Posts

Cash first YEAR’s payment?

Scott McCurley
Pro Member
  • Mohnton, PA
Posted

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. 

  • Scott McCurley
  • Loading replies...