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Updated over 14 years ago on . Most recent reply

Nick Connor's profile image
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Nick Connor
  • Real Estate Investor
  • from Grand Rapids, Michigan
  • Member since Jan 11, 2008
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Nick Connor's profile image
Nick Connor's profile image
Nick Connor
  • Real Estate Investor
  • from Grand Rapids, Michigan
  • Member since Jan 11, 2008
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Nick Connor
  • Real Estate Investor
  • Grand Rapids, MI
8
Votes |
33
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General Landlording & Rental Properties

Rent in advance

Nick Connor
  • Real Estate Investor
  • Grand Rapids, MI
Posted

Does anyone give a discount to their renters for paying in advance? I have yet to do this, but when I talk to friends and family that some of my tenants pay me 3 months at a time they always ask me if I give them a discount for that. Which I don't, but I'm curious if anyone does. Also, my current tenant is paying me 4 months up front and asked if I'd give him a "small break'. What's your thoughts?

NC

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Nick J.
  • Residential Real Estate Broker
  • from Payson, Arizona
  • Member since Jan 27, 2009
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Nick J.'s profile image
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Nick J.
  • Residential Real Estate Broker
  • from Payson, Arizona
  • Member since Jan 27, 2009
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Nick J.
  • Residential Real Estate Broker
  • Payson, AZ
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Nick J.
  • Residential Real Estate Broker
  • Payson, AZ
Replied

I don't offer discounts to my tenants but I also do not allow advance payment.

My attorney advised against it because it eliminates my ability to evict if needed because they paid in advance.

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