Having a tenant pay an entire year’s rent up front is wrong on all levels. There is NO benefit to a landlord to take a full year’s rent upfront.
Paying a year’s rent upfront sounds very fishy and sends up many red flags.
1. What is their motivation for paying upfront?
2. Can they show documented proof (W-2s, 1099s & tax returns) where the source of funds came from?
3. What exactly is their credit score?
Personally, I would never accept payment in advance, because it remains the property of the tenant until the beginning of each month and the landlord may not use any except the amount owed each month. There is no benefit to a landlord and, plainly said, it is a bribe to entice dumb greedy landlords.
Suggest to your client that he/she put the funds into an account which they pay their rent from each month- if they can’t manage their money, that’s their problem- a landlord doesn’t want to make it theirs.... more
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I bought a home 4 months ago and I've been having electrical problems, now I find out my house is wired with aluminum. I checked the home inspection and the inspector stated that the branch circuits were copper and that he inspected the GFCI, But we don't have any. Now I'm afraid that my insurance will drop me due to the fire hazard. I asked the inspector if the we copper wiring he said so I believe him. Also on the original listing it said that the house had new electrical.... more
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I have worked with him. At first it was ok, but after the 6 months warranty was up its been a disaster. Still dealing with so many issues with the home/tenants. The so called property management (carlos) even quit on me bc the tenant issues were so bad. They obviously did not pre-screen these tenants. And Tony has not been returning any of my calls/texts. Smh... more