Currently renting a 3BR/2BA house with 2 car detached garage for $950 per month. Tenant text me and ask if he would pay rent a year in advance would I give him any discount.

I have some Class C properties that people pay a year in advance when they get their tax refund but they have never asked for a discount.

Question. Would you give a discount on this $950 per month property? If not, why and if so how much of a discount would you give.

I might do this after very carefully looking closely at my State regs.

We did this with our second T a few years back. He presented well, was a CPA with a daughter going to the local Univ.

Our screening protocol was not so great and I later discovered that he had a fairly recent bankruptcy in his background.

Also, the question was raised that taking a year up front possibly could have been considered as a deposit which we are not permitted to take any more than 1 1/2 months.

Tread carefully and continue to screen.

PMH-TX, prolly evict for a lease violation like unauthorized pets, lawn parking, busted window, criminal activity or door lock changed. Something a conscientious manager/owner would not pay for.

But the discount would apply to month 13 if it went this far.

Ally one reason you won't evict is for none payment. That doesn't mean, because they paid in advance, the rest of the lease is void.

The paid one year needs to have a lease change. The change needs to be what the full amount is with a term of tone year with no mention of rent amount paid monthly--- since they paid it all.

NO

there is miniscule savings to you

maybe $5 in labor a month to record rent received?

Interest on those funds would be a few $$$

I wouldn't take a year up front.

NE if they pay a year upfront what's there to look at except criminal record?