Upfront 6 months rent?

Question

Do you think that an apartment would allow me to pay upfront 6 months rent, on a 6 month lease? I am planning to move out of state in July, and quit my current job of 17 years. I will have all the means to support myself and plan to find a new job right when I get there. The only thing is finding an apartment that will lease to me without a current job. I dont see why they wouldnt allow me to do that right?

Answer 1

why not rent a trailer...and pay..parking fees..

www.rvrental.com

some of those little trailors are cute...
you still have your independance...
and can go out for day trips..

Answer 2

I would suggest that if you have the money currently for the 6 months rent until July the best way to go about this is to take the money and put them in CD's or a high yeild savings account.

That way when you rent and you need "proof" that you can pay rent, you can simply show them a copy of your money being put away in CD's or in a savings account.

You can have each CD close one after another so that you do not have penalties and you are able to pay your rent.

I am a full time student and don't work. I have no problem renting as long as I show them that I have money put away in CD's or a savings account.

This works out on both your ends, the landlord gets paid and you have money to pay rent. If you get into a situation with your landlord and you need to move or something else, then the landlord does not have all the money and you are not in a jam.

You should also have a list of references from prior landlords, banks, family members, business references.

Some apartment complexes might ask for a co-signer depending on your credit and situation.

Good Luck.

Answer 3

Please don't pay upfront for rent for 6 months.

If there is anything that occurs at the rental that you are unhappy about you will be stuck for 6 mos. You won't even have the leverage that you can hold back rent payment if the water heater breaks and they don't fix it. The motivation for them to keep you happy as a tenant will die as soon as they have your money.

Any decent landlord or property management company will be happy to rent to a retired person. Simply state that you are now retired and are living off of your ample settlement. If they want to know that you can afford the rent by all means give them a reference from your previous landlord or mortgage holder. Then be willing to show them your bank statement showing that you have more than 6 mo. rent in reserves. Be sure to black out the account numbers with magic marker or cut them off of the page. They have no business with your account number from accounts with large sums of money.

Many very conservative landlords will not accept 6 months rent in advance as there are some legalities involved. They are only allowed to accept a deposit and first and last months rent. They are not authorized to accept future rents. Since "buying your way in" is a rare scenario, most respectable Landlords will refuse you and just process your application normally.
However if you insist they may get the idea that you are going to be a tenant engaged in unlawful activities and therefore will be a challenge to evict since you have paid for the 6 months in advance.

I understand your good natured approach. I'm wanted to give you the benefit of years of property management experience. You need the leverage of paying them monthly and they need the freedom of collecting from you monthly.

You won't have any trouble finding someone to rent to you.

Best of luck,

Answer 4

As a property manager I don't see why they wouldn't take that, provided that your references and credit are still good so that they know you aren't going to tear the place up in the meantime. They may still ask for a deposit besides the rent. If you have the money up front, the employment shouldn't be an issue, but the background check still might. Not saying you would have a bad back ground or would tear the place up, just thinking like a property owner here.

Answer 5

They might also ask you for a damage deposit up front .. and perhaps someone from your old job .. or a friend to vouch that you are an "okay" person and won't trash the place. If it is a 6 month lease and you pay upfront .. I wouldn't care if you had a job or not ! Good Luck ! :)

Answer 6

I rented for a great many years. The main thing I did was make certain they had good references before I would ever rent to anyone. I've seen so very many other landlords who got their places trashed because they would rent to anyone. Good references or no rent. If you have that and the money in advance, I would certainly rent to you, job or not.

Answer 7

I also thanks on your service. maximum landlords keep in mind that there'll be a transition era from the military and civilian existence. you should inform your perspective landlord that you've the money saved up yet do not grant to pay the 6 months beforehand. each so often it truly is interpreted as you meant to spend the subsequent 6 months below the impact of alcohol or stoned.

Answer 8

If you are willing to pay all the money up front then they will most likely allow you to stay. The reason they want you to have a job is so they know you can pay them.

Answer 9

I'd rent to you if you paid six months in advance with only a six month lease. They would have to be crazy not to.

Answer 10

I dont see why they would not allow you to pay upfront. The best way to handle this is to ask them if you can.

Answer 11

I don't see anything wrong of doing it, they may give you a discounted rent too, like one month free or at least 10% less.