12 months prepaid check is it a good idea for borderline renter?

[Jake Mad]

I have a prospective renters, one has a resident score of 560 and the other is 533 both are Co-Signer. I know they are borderline cases but I do want my apartment to be rented.

Is it a good idea to request a higher security deposit of $4350 (is 3x the amount of $1450 rent) and 12 months prepaid checks to pay for the monthly rent.

[Brandon Plombon]

Quote from @Jake Mad:

I have a prospective renters, one has a resident score of 560 and the other is 533 both are Co-Signer. I know they are borderline cases but I do want my apartment to be rented.

Is it a good idea to request a higher security deposit of $4350 (is 3x the amount of $1450 rent) and 12 months prepaid checks to pay for the monthly rent.

 Are you requesting 3x rent for the security deposit and they prepay 12 months or are they asking to do that? A lot of renters won't have ~22k to prepay a full year in advance, especially if their credit is already borderline. I would proceed with caution and it's better to have a vacancy than the wrong tenants in place.