@Rafael Floresta This topic seems to come up from time to time. I think the consensus is to stick to your screening criteria. Check out these threads on the subject:
@Rafael Floresta This topic seems to come up from time to time. I think the consensus is to stick to your screening criteria. Check out these threads on the subject:
Typically when a prospective tenant offers to do this it is because they are trying to hide something or get you to overlook something. The last time I had someone offer to do this I found out during the background check that she was a stripper (all cash business) with a questionable rental/employment history and a recent eviction. As tempting as it may be, I'd pass.
@Kyle J. interesting, I had the exact same experience. She was also a stripper earning cash and wanted to pay 3-6 months in advance and stay indefinitely.
It seems reasonable to stick to your criteria. If she wants to pay a years rent up front, couldn't you just have her open an account with the years rent that she wants to pay and then set up auto-draft payments to you monthly?
I just had this come up, read "Rejecting the pain in the butt applicant without getting sued" in Bigger Pockets, those people wanted to pay a year upfront as well.