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
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago on . Most recent reply

Open escrow account for year rent
I have a tenant who is moving to our area from out of state to rent our place and they want to put up the entire 12 months funds for rent in advance. We arranged this because it was their good faith to ensure they could pay for the place.
I’m trying to figure out how setup an escrow account that ensures I get paid monthly from that pot of money they are putting up.
Has anyone done this before? When I Google around everything g directs me to articles on escrow for title services vs a place where they could deposit the money as a service and funds are released monthly
Thanks.