Without that, the tenant can claim the old landlord was holding a deposit (and now you are responsible to return it) or that he prepaid rent for the next 5 years and it isn't his problem the old landlord didn't tell you.

Should the tenant turn to be a problem tenant and you want to evict at some point, it will be much harder to convince a judge if rent is already prepaid.

i was able to get abreak down on everything that made it more clear.loan fees orgination fees, recording fees all that good stuff are  $8, 850 really $8,100 because the appraisal was added into that amount  the other $4,031 fees are pre paid fees that im responsible for like my 12 month insurance policy , pre paid interest, and property tax. that i will get  half back once my escrow check gets sent to me. so  my closing cost is really $8,850.

Maybe the tenant is trying to prove that she can pay a years' rent (yes, I'm being optimistic here, but not ignoring the potential pitfalls...)Say that you don't accept pre-paid rent for accounting and tax reasons, but you would be happy to see a "proof of funds" in the way of 2-3 months bank statements.

I would make the security something to be settled between them as well as prepaid rents.

I also use a camera that uses t-mobile prepaid SIM card to help give me real time video of the property.

Only way I would allow them in one of my places is six months of pre-paid rent.I don't worry about score, I worry about whats on your report.

Could it be that the tenant prepaid last month's rent and/or a significant security deposit to the previous landlord?

The tenant paid the rent for the month of February to the property manager, then the previous owner instructed the property manager to give me the entire rent of February.Everything seemed fine, but a few days later, I get a call from the tenant asking why they had to pay February rent, when they already pre paid for February at the beginning of the lease.

Hello BP community, As an investor who just got my own real estate license, I want to know how much commission I could credit to the closing cost and pre-paid items for my own purchase transactions.