Updated over 9 years ago on . Most recent reply
Advanced rent question
Hi all, I've been trying to learn everything I can because I plan on investing in multifamily properties in about 2-3 years. I was reading a post about funny tenant stories and came across a post where a tenant asked if they could pay their 12 months of rent in advance in case they lost their job. I understand that could be a red flag because that could mean if they cause damage or something it may be difficult to get money out of them, but wouldn't it be preferable to get your money up front. Then you could reinvest the money and you would not have to worry about late fees or anything like that. I'm sure I'm missing something but that's where I'm hoping someone can help me out.