Collecting irst and last month rent PLUS 2 month security deposit

[Filmon Michael]

A high risk tenant wants to rent my property in Columbus, OH. He is willing to pay first and last month as well as two month security deposit all upfront. I am comfortable with the upfront payment but not sure this is legal. Please advise if I can collect this much upfront. Thanks!

[Remington Lyman]

Originally posted by @Allen Tracy:

Originally posted by @Remington Lyman:

Originally posted by @Allen Tracy:

Not sure on the legality part but are you sure you want to rent to a high risk tenant?  I just lost around $4,000 to evict an inherited tenant and another investor I know just lost $12,000 to evict a high risk tenant he thought would be ok to rent to.

 Damn, that sucks. Can you tell the story?

I don’t know exactly what damages were done for the $12,000 eviction but I know it took a lot longer to get the tenant out.

The inherited tenant I had to evict never wanted to pay full rent, stopped paying rent completely, and stopped all communication.  They were super dirty so cockroaches and bedbugs made their way in and into the other unit which was over $1,000 to treat. It took a couple of months to get the tenant evicted since the courts are so backed up, then $500 to clean the place out after they left. I think I was lucky though since they didn’t do any damage and they weren’t a big hoarder. 

Did you get your money from impact? Ohio is doing helicopter money to landlords right now for these situations.