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

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
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 over 5 years ago on . Most recent reply

User Stats

32
Posts
9
Votes
Mike Provencher
  • Investor
  • Tyler, TX
9
Votes |
32
Posts

Rent paid up for 6 months?

Mike Provencher
  • Investor
  • Tyler, TX
Posted

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

User Stats

32
Posts
9
Votes
Mike Provencher
  • Investor
  • Tyler, TX
9
Votes |
32
Posts
Mike Provencher
  • Investor
  • Tyler, TX
Replied

The guy found another place...I'm actually cool with that.  

Thanks for the input @Jake Davis and @Account Closed

Loading replies...