Some areas do limit amounts of deposits, but I haven't heard of anywhere that limits prepaid rents.4.  

Did you get the tenants’ security deposit and pre-paid rent (if any) from the seller?

What about them loading prepaid cards and transferring money to you online?

Should I only accept payments through the end of this year as opposed to the end of the lease (next april 30th).Thanks for you insight.Kyle Hi @Kyle Hipp , I think there can be problems sometimes with a tenant pre-paying the rent, as far as your ability to evict for other reasons, and so it makes sense to me to write something up with the language you wrote above saying accepting the pre-paid rent does not indicate that you have waived your rights to evict, etc.That said, if she's on SSI, she can't have assets totaling over $2,000. 

Prepaid rent is a liability account item as it is not "yours" all in advance, you use it up as you go.

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.

I deny evictions unless they provide 6-12 months of prepaid rent...

We had one tenant who was supposed to be paying $500/ month buy had prepaid his rent at the rate of $430/month, which we did not discover until we got the leases.  

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.