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Updated almost 5 years ago on . Most recent reply

User Stats

32
Posts
9
Votes
Mike Provencher
  • Investor
  • Tyler, TX
9
Votes |
32
Posts

Rent paid up for 6 months?

Mike Provencher
  • Investor
  • Tyler, TX
Posted

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

Most Popular Reply

User Stats

32
Posts
9
Votes
Mike Provencher
  • Investor
  • Tyler, TX
9
Votes |
32
Posts
Mike Provencher
  • Investor
  • Tyler, TX
Replied

The guy found another place...I'm actually cool with that.  

Thanks for the input @Jake Davis and @Account Closed

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