Rentals in Warner Robins>Question Details

cttn46, Renter in Warner Robins, GA

My question is will most realty estate property managers allow a tenant to pay them rent in full for an entire year.

Asked by cttn46, Warner Robins, GA Thu Jan 24, 2013

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This question was asked from this property: http://www.trulia.com/rental/3103571562-607-Stirling-Bridge-…

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Hello. In answer to your question about whether or not a property manager would allow a tenant to pay rent in full for an entire year ; It would definitely be a company's decision but I would think if a tenant has applied for the rental property and has been approved, then I would think that most sellers would most definitely accept rent paid in full or advance for the year. There are situations where a person's credit is an issue and there were extenuating circumstances that caused the credit not to be as good as it would be normally, then the property manager would consult the homeowner and upon the homeowners approval, they would accept that year paid in full in advance or more than one month's rent paid in advance. We try to help sellers and tenants in any way that we can as long as all parties are in agreement.
0 votes Thank Flag Link Thu Oct 24, 2013
Absolutely. At my company, Golden Key Realty, we manage over 200 properties and I do not know a single owner who would say no to a years prepayment. I would wonder why a tenant would want to prepay. The most obvious answer would be poor credit but perhaps there could be other reasons that would make it advantageous to a tenant. Those reasons would be presented to the property owner at the time the lease was presented.
0 votes Thank Flag Link Thu Feb 21, 2013
It depends on the Property Manager, but I think most would. Even though you pay 1 year in advance, the Property Manager should hold it in a trust account and still pay the owner monthly. In the event that the lease was terminated within the terms of the contract, most commonly with military personnel, the owner would have to return the portion of the rent not used. I actually did this for a tenant (5 months in advance) recently.

Joe Barbee
Property Mgr/Associate Broker
Elite Realtors of Georgia
478-978-3428
http://www.MidGaHouseHunter.com
http://www.WarnerRobinsRealtor.blogspot.com
0 votes Thank Flag Link Thu Jan 24, 2013
Absolutely!!

Jamie O'Brien-Moorman
Realtor
478-808-4765
http://www.jamiesellsmiddlega.com
0 votes Thank Flag Link Thu Jan 24, 2013
I would imagine that most all would. I cannot think of any reason why an owner would object to being paid upfront.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.
0 votes Thank Flag Link Thu Jan 24, 2013
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