Each state has it's own set of laws when it comes to how much a landlord can legally collect for the number of month's rent paid up front and deposit monies when a lease is signed.
I suggest that you check with North Carolina laws on what the maximum amount is. This link may be helpful:
Having a "Guarantor" sign the lease for the tenant may be a better option to assure timely rent payments.
Prudential Connecticut Realty
"A new survey of former homeowners who have walked away from their homes found that their credit was good enough after foreclosure for the vast majority to rent new housing and few were required to make a larger than normal deposit."
Security Deposit Limits
* Week-to-week tenancy: Two weeks' rent maximum
* Month-to-month tenancy: One & one-hlf months' rent maximum
* Terms greater than month-to-month: Two months's rent maximum
The real irony is that some of those tenants with credit issues and sufficient cash are in that position because their previous homes went to foreclosure or were sold as short sales, and during the process they decided not to pay their mortgages.
Since they weren't paying their mortgages, they had a lot of extra money. Some of them stashed that money away and now have it available to pay additional upfront rent.
So the question should just be: Are they prepared to pay additional rent upfront? The answer, in some cases, is a clear "yes." The question should be: If someone has poor credit and a lot of extra money, how'd that happen? And do I want to rent to such an individual?
Hope that helps.
1. employment history - 2 years minimum at same job
3. Previous living / renting 2 years minium at same location
4. Late payments and NSF checks, if any
5. no Recent criminal activity, past 5 years
Then we look at:
6. credit score
7. past credit history
8.past Criminal history, What was it?
IMO charging a higher secureity depsoit is moot.