 Paying rent in advance (by Gina [NC]) Sep 4, 2012 9:02 AM
 Paying rent in advance (by Coplin [CA]) Sep 4, 2012 10:38 AM
Paying rent in advance (by WMG [NC]) Sep 4, 2012 1:49 PM
Paying rent in advance (by WMH [NC]) Sep 4, 2012 1:50 PM
Paying rent in advance (by Ken [NY]) Sep 4, 2012 4:11 PM
Paying rent in advance (by in [IN]) Sep 4, 2012 4:43 PM
Paying rent in advance (by V [OH]) Sep 5, 2012 3:43 PM
Paying rent in advance (by Gina [NC]) Posted on: Sep 4, 2012 9:02 AM
Message:
State Specific Question About: NORTH CAROLINA (NC)
I have prospective tenant that wants to pay his rent 8 months in advance to get a reduction. Is this a good idea? If so how much reduction should I offer. Is this legal in NC? --98.24.xx.xxx |
Paying rent in advance (by Coplin [CA]) Posted on: Sep 4, 2012 10:38 AM
Message:
That much advance rent is dangerous. If you want to get them out, no rent is the quickest. So effectively accepting 8 months prevents this. If they leave early you have to return a large portion of this. If you have other problems with them, the fact they've prepaid may prevent you from deducting any damage cost. --71.177.xxx.xx |
Paying rent in advance (by WMG [NC]) Posted on: Sep 4, 2012 1:49 PM
Message:
NC is very very very good about evicting tenants that DO NOT pay their rent. If they DO pay, you have to work to document other breaks in the lease - and that is much MUCH harder! It has to be pretty bad to get them out, and you don't want that.
I would never accept that much rent in advance especially from a new tenant. Also if they leave early or you do have to evict, you would probably have to give it back anyway ( you can't 'double-dip') --173.25.x.xx |
Paying rent in advance (by WMH [NC]) Posted on: Sep 4, 2012 1:50 PM
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Which means you gave then a break on the rent and may STILL have to return it - so you are doubly screwed. --173.25.x.xx |
Paying rent in advance (by Ken [NY]) Posted on: Sep 4, 2012 4:11 PM
Message:
I would take it and have them sign something saying if they move out they acknowledge they don't get it back. --72.224.xx.x |
Paying rent in advance (by in [IN]) Posted on: Sep 4, 2012 4:43 PM
Message:
We take it, with student rentals, it's often the norm. College Loans they pay upfront.
We do not discount it either. --98.253.xxx.xxx |
Paying rent in advance (by V [OH]) Posted on: Sep 5, 2012 3:43 PM
Message:
Also doing student rentals this way, no change in inspections - always stay in control, dont let them turn your place into excitement central as a drug or hooker house. --64.134.xxx.xxx |
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