General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 5 years ago,
Rent paid up for 6 months?
I have a prospective tenant who says they are building a home and would like to pay me 6 months rent up front.
I have heard (through BP podcasts) that I should be cautious about doing so.
If he is building a home, I could see how he would want to only go for 6 months...but, that means I have turning costs again in 6 months, so provided his credit and references check out...I may do it. But I would think he would have to pay a premium for that privilege...was thinking 2 months extra rent.
Any ideas, thoughts, caveats, straight up warnings?
Thanks,
Mike