Rent payment up front

[Mike Haikin]

Hi all. I have potential tenant who's accepted as a medical student(4 years program). She has different degree but decided to achieve doctor degree. She will be full time student. Her dad approached me and offer to pay 2 years rent up front. He is owner of big company(I checked).He asked for 2 month free stay for her daughter. I am willing accepted. But I am worry about if she decided to break the lease. Or trash my unit. Any suggestion or advice? How can evict her in that situation? Thank you

[Theresa Harris]

Don't do it.  If he co-signs and she's a good applicant, then do the normal rental.  If they want a 4 year lease, make sure you factor in annual rent increases...and you could give her a free month at the end of the 4th year.