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Updated 12 months ago on . Most recent reply
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Tenant has no income but money upfront - too risky?
I know people say not to accept tenants if they have no active income, but this is a medium-term tenant who would stay 3 months and they can pay the entire 3 months upfront. In this case, is it a risk to let them stay?
My only thought is that they could try to stay there and refuse to leave I suppose, but that's a risk even when someone has active income coming in.
Also, if they have a guarantor, would that help? I'm not sure it would since they're paying all three months upfront, but I had that thought
Any advice would be great! Thank you :)
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Nicole Heasley Beitenman
#5 Medium-Term Rentals Contributor
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This would be a huge factor for me. If they're a student, sure. If they're a professional with a solid work history who hit a bump in the road, is relocating, and needs some time in their new market to look for a new job, new housing, etc, that works for me. Basically, if their story makes sense and doesn't raise any red flags, I'd gladly consider them.