Whole Rent Paid Upfront

[Vernon Welch II]

Listening to the Audio book of The Book on Managing Rental Properties. There were a couple of times I ended up a landlord by default in the past. The 1st red flag question he went over made me laugh. (It's funny now) I hired a property management company and sure enough they told me the best qualified renter was the one who wanted to do a 9 month lease and pay it all upfront. Ended up evicting the Tennant after 9 months. Has anyone ever had that work out on here?

[Greg Scott]

Yes.

I had a rental where the applicant had a 7 figure salary.  He was a consultant that was in town frequently and hated hotels. 

He asked to pay a year at a time.  We said no.  He paid monthly for 14 months until he forgot a check, got hit with a late fee, then paid the remaining 10 months in one check.

He moved out at the end of his lease with no issues.

Of course, this is the exception, not the norm.