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Updated over 3 years ago,

User Stats

14
Posts
12
Votes
John Jackson Jr
  • New to Real Estate
  • Minneapolis, MN
12
Votes |
14
Posts

Take full years rent from unqualified tenant?

John Jackson Jr
  • New to Real Estate
  • Minneapolis, MN
Posted

I have a prospective tenant that does not meet the criteria of 2x monthly income and a credit score of 650+. He said times were hard and he was out of work but has money saved. He offered to pay a years worth of rent upfront. Thoughts?

I’ve always wondered if in the scenario I take 12 months rent upfront and he turns out not to be the best tenant. For whatever reason I have to evict after 2 months of him staying; would that be hindered due to taking 12 months rent?

Any insight would be greatly appreciated!

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