Cash up front
(by Babbrah [Arizona])
December 5, 2000 09:21:04 
RE: Cash up front
(by Dan A [MA])
December 5, 2000 09:28:57
RE: Cash up front
(by mlr [MI])
December 5, 2000 11:26:46
RE: Cash up front
(by Carolyn [MO])
December 5, 2000 12:27:10
RE: Cash up front
(by Kurtiss J [MN])
December 5, 2000 12:57:44
RE: Cash up front
(by Jim [Ohio])
December 5, 2000 16:40:25
RE: Cash up front
(by Susan [Colorado])
December 5, 2000 17:58:16
RE: Cash up front
(by Reid [Kansas])
December 5, 2000 20:06:14
IMHO
(by mailman@stlouislandlord.com [])
December 5, 2000 23:05:37
RE: Cash up front
(by Reid [kANSAS])
December 5, 2000 23:51:33
RE: Cash up front
(by michael [LA])
December 6, 2000 06:32:29
IMHO
(by mailman@stlouislandlord.com [])
December 6, 2000 23:31:29
RE: Cash up front
(by boldness88 [ohio])
December 8, 2000 02:05:12
RE: Cash up front
(by Ann [MA])
December 8, 2000 18:40:36 | We have a potential tenant who is willing to pay 6 months rent with cash up front - I have checked personal and rental references and all seem fine. Has anyone else been in this situation and what did you do? Thanks in advance 63.225.199.145 |
| There's always a reason why someone would do such a thing and it usually isn't good. Perhaps you haven't checked into them thoroughly enough. I would view this as a red flag of someone to probably reject. 207.138.153.34 |
| Did you do a credit check? Did you find out if the name he gave as his landlord really is the landlord and not his Mother, Brother, Cousin, etc. Do the credit check. See what address is listed on the credit check. Call the city/ township where the property is and ask for the owner of record and their address. Find their phone number at www.anywho.com. You may be surprised to find out that you weren't speaking to the people you thought you were speaking to. Why would anyone that wasn't desperate offer to pay 6 months rent up front? Something rotten in Denmark here! Be careful. It might be a great tenant - but then its better to be sure than sorry later. 208.165.239.219 |
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Usually it is a red flag. However, I would check out more why the person wants to do it. There might be a legitimate reason. For example, I had someone who got her student grant check at the beginning of the semester and paid in advance for that time period. 152.163.207.184 |
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Hey, didn't Michael Keaton pay ahead 6 months rent in the movie Pacific Heights? Mathew Modine was so happy to get the guy in his apartment to help with the payments. Seemed like the perfect tenant until he moved in. Nice car, great job, friendly, plenty of cash... I'd double check this one. Too good to be true? CYA. 12.33.216.174 |
| I think I smell a trout in the milk. Re-check those references. Dealer maybe, but not for Blackjack. 168.191.28.206 |
| If you choose to accept this tenant, choose to apply a portion of the funds paid to the end of the lease. I do this by requiring first month's rent, last month's rent, and a double security deposit. This holds essentially 3 months worth of funds for the end of the lease term. Money talks, and some folks get a settlement or bonus of some kind that will run out. Saving that substantial portion for the end of the lease term protects you much better. I have never run over that escrow even if the tenant breaks the lease or causes damage -- so long as you watch for damage signs along the way. 206.168.43.222 |
| I only wish for things like that . Everything checks ,he's got the money , I don't think this is a problem >>> Reid 152.163.206.181 |
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The kindest reading of the situation is he has a pile of money and wants to pay the rent so far in advance because he knows he handles money VERY poorly and in 6 months he's not going to be able to come up any bucks and he's just hoping against hope that when the time comes he'll have some more. I've passed in the past and I'd pass again. 199.217.158.32 |
| You know AZ is snowbird country and if he pays 6 months it gets him through the season . Why would it mean he can't manage money ?? When I was in AZ working as a flight Nurse i'd pay as far in advance as i could cause I didn't want to be bothered with paying rent and being out at a remote base when it came due . When you hear hoof beats quit looking for Zebras . >> Reid 64.12.104.167 |
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I have paid rent several months in advance. I used to work offshore 14on and 14off. If I paid in advance it would stop me from comming home to several late notices and having to pay late fees. I also had a friend who was a college student who would pay severl months in advance when his student loan check came in. This stopped him from spending all his money on pizza and beer. The down side was sometime the prepaid rent would run out before the next check came in. The landlord was always williing to work with him though. He would sign a paper saying, "on x date when I expect to get my student loan I will pay all back rent and fees plus x months in advance" 207.191.47.160 |
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Someone with an unusual (bone fide) job that has strange scheduling patterns MIGHT merit a second look if I was having a hard time renting the place. But I would be on the guy like glue, on the off chance I did rent to him. Odd man out in my book. 199.217.158.30 |
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Farmers sometimes like this type of arrangement, too. Their operating loans arrive annually, and they pay 80% of their fixed costs up front. I agree with the others, be very careful with this one. RJM 216.192.159.140 |
| Be very careful with this one, recheck your references. I just had a guy like that who was willing to pay 6 mos in advance and in cash. Seemed great. I was checking his landlord reference that seemd OK at first but turned out he had a friend who posed as landlord--when I checked town records it wasnt right guy. He then said he had no credit--but I had insisted on a credit check which was good because he had credit alright (not good)...just be careful and double check. You don't want to be sorry you didn't later and have to evict. 152.163.194.181 |