Rent Payment in Advance

[Spencer Harvey]

I’m curious to see what other things about this...

I have an applicant who is interested in a rental property I own. They are moving from out of state due to a job relocation and selling their current home. They wanted to get a feel for the area (WI) and are planning to wait a while to purchase a home here.

One of the two filed for bankruptcy in 2017. Everything else appears current in the background check and has a salary 4.8x higher than monthly rent. The lease is going to be for 6 months in order to accommodate them trying to find a home to buy, as well as setting myself up for a more advantageous time for leases to start and stop (June).

What are the drawbacks of having them pay for the full 6 months rent up front? I usually deny anyone with bankruptcies, so my thought was to have them pay up front and I wouldn’t have to worry about non payment. They both agreed to do so.

Any input would be appreciated!