I have read many stories where the tenants started a grow op in a rented house, and had prepaid rent.

Option 2 - Think about if you prepaid your mortgage, reduce your principle.

It's true that, without the prepaid amount, the rent is more than half of the applicant's gross income.

Hi Brian, check out pre-paid legal.

They could also destroy your home during their pre-paid year, and then file bankruptcy when you try to collect for damages.So, between the bankruptcy-waiting-to-happen (if they haven't filed yet) and the duty to mitigate damages, I don't think you should take this tenant. 

Tenant still wants to get the 75gallon on cList and was trying to guilt-trip me that if he miss the deal it will be on me. heh i didnt say anything about him not storing it in his apartment  for his future 'crib' just that it would be a huge risk to our floors and structure a tank that size full of water and rocks.We will stand our ground at 20gallon due to maximum weight we are comfortable with on our floors and yes tenants are required per lease to open and keep active a renters  insurance policy but we do not check for active coverage except new leases and renewals as its typically prepaid for a year but I've heard there are monthly options now that tenants switch to after paying for annual one and getting the balance refunded.

You guys said that the interest saved on prepaid principal is a function of the amount saved on subsequent payments, not skipping interest payments.

A new place to live with multiple prepaid months and some cash will probably be the best option.

This is a rather upscale city in the county though, and I have noticed these requirements do tend to attract a more financially stable tenant as far as savings at the moment of looking to move, for clients I have been PMing for.Anyways what I'd like to know is if for a month-to-month agreement in CA (LA county) can I legally also start requiring first and last months rent prepaid? 

If you just have them pay online, they can just one of those prepaid cards they can buy anywhere - doesn't mean they have a bank account.Another reason to make sure they have a bank account, is to know they are capable of getting a bank account.