Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 11 years ago on . Most recent reply

User Stats

151
Posts
37
Votes
John Ma
  • Investor
  • Arlington, VA
37
Votes |
151
Posts

Land lords experienced with post dated checks as payment

John Ma
  • Investor
  • Arlington, VA
Posted

Hey guys, I was wondering if any land lords out there have had any experience with requiring or prefering tennants to post-date checks for the duration of a year or the lease.

I have thought about requiring this as I feel it makes it easier for the land lord as well as the tennant. My only concern is, since my property targets lower middle class, potential tennants may be turned off from this for fear of not having enough on their account in case of an emergency.

I was hoping to hear experience from seasoned land lords who have imposed this or has had experience with it.

Most Popular Reply

User Stats

838
Posts
295
Votes
Chris Masons
  • Investor
  • Union, NJ
295
Votes |
838
Posts
Chris Masons
  • Investor
  • Union, NJ
Replied

John,

I Don't think it's reasonable to ask tenants to do this. As much as you think it would be helping and or benefiting you, it does nothing for the tenant but potentially put them in a bad spot. And as the rest have mentioned I think you will limit your pool of tenants.

After all how would you like it if your mortgage or utility Co. required you to do this as well? I do have direct debts automatically coming out monthly from my checking account to pay my mortgages but that is by choice. There is a big difference between by choice and being forced to do this...

Screen your tenants well is your best defense.

best regards,

Chris

Loading replies...