Layoff impacting rental application – upfront rent offer?

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  • #92797 Reply
    Tony

      As a landlord, that offer is actually a red flag. Also, anything paid beyond the first month has to be given back if the tenant asks for it. It’s not the landlord’s money until the first of every month.

      Depending on state, you could offer up a larger security deposit. But this is going to be a problem for you.

      #92798 Reply
      Jeff

        As a landlord, I am reluctant to take anything more than a month in advance. I want the ability to remove the tenant if something goes south. I do only month-to-month leases allowing me to evict with out dispute anytime I want.

        So, in alternative, I have taken excessive deposits as reassurance…or a large deposit with the tenant paying two months upfront as well. and then always staying one month ahead.

        Some states do not allow large deposits… so, not sure where you are.

        Just some ideas for ya

        Don’t miss: How should I address my father’s decrease in rent payment while he financially supports my unemployed sister?

        #92799 Reply
        Chaniel

          Personally, as a landlord. I’d just prefer my tenant to be honest with me. They may agree to a first right of refusal agreement or an intent to buy when he does decide to sell.

          See how flexible they actually are. Paying everything up front would be a little strange to me.

          Just do your best to find a new job and be prepared to possibly walk away.

          #92800 Reply
          Isabelle

            This is a little different, but we are about to move to a new state, and we want to spend some time learning the area before we buy without the hassle of a rental.

            So, we are going to Airbnb for three months. Might be something to consider if you have the money but find getting into a new rental hard because of no employment.

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