Updated over 5 years ago on . Most recent reply

Rent paid up for 6 months?
I have a prospective tenant who says they are building a home and would like to pay me 6 months rent up front.
I have heard (through BP podcasts) that I should be cautious about doing so.
If he is building a home, I could see how he would want to only go for 6 months...but, that means I have turning costs again in 6 months, so provided his credit and references check out...I may do it. But I would think he would have to pay a premium for that privilege...was thinking 2 months extra rent.
Any ideas, thoughts, caveats, straight up warnings?
Thanks,
Mike
Most Popular Reply

The guy found another place...I'm actually cool with that.
Thanks for the input @Jake Davis and @Account Closed