Quote:
Originally Posted by aneftp
So if property were say $3k a month. And someone offered you $18k cash plus another $3k in security desposit. You would say no?
Think about that. And they have 800 plus credit. No shady stuff. No pets etc. And their bank accounts show they have over $500k liquid cash.
Normally better to put money in money market for potential renters for obviously money markets are not paying anything.
So you would turn down prepaying cash with that renter?
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It is actually against the law in many states to do this. I know for a fact in TN a landlord cannot accept a year's worth of rent or even an extra month worth of rent, I tried. Many apartment complexes require proof of income with no exceptions.
I even had trouble using my GI Bill as proof of income with a response of "what if you quit college", as if I just could not quit or get fired from a job all the same.