All Forum Posts by: Chimp Anji

thank you for your replies. i will not skip any screening steps - this tenant seems to be genuine and has two small kids.

I will check on Texas states requirements on taking advance rent for 12 months. i am not sure if it has any tax implications for taking a lumpsum payment.

Hi All,

first time posting on BP forums. 

I have a rental property in a good neighborhood with a monthly rent of $2300. One of the applicants is willing to pay one year rent in advance and the funds are coming from the sale of their current home. I still have to run the regular checks on him, but he disclosed that his employment ended in april and thats the reason to pay upfront for a year.

what would you do if his credit and background checks out fine.  He is in IT field and would find a job in couple of months.

what would you do in this scenario?