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Ambassador
3,054,860
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

10% is the number that immediately popped into my mind.

Aug 27, 2018 12:53 PM
Rainmaker
846,325
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

10% is what I have done numerous times with my own rental props.

Aug 27, 2018 12:22 PM
Rainer
306,737
Libby Cousins
Extraordinary Processing - Spokane, WA
Contract Mortgage Processor, licensed in WA

One month free at a minimum. It may need to just be written up as a 10 or 15% reduction of the monthly rent though. 

Aug 27, 2018 12:44 PM
Rainmaker
396,124
Jill Murty, Realtor - Orange County, CA
Movoto - Laguna Niguel, CA

Looking at it from the landlord's or lister's view, I'd wonder why they want to pay it all upfront.  If it's because they're high risk, no discount or maybe pass on them altogether.

Aug 27, 2018 11:33 AM
Rainmaker
556,338
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

10% seems very fair.

Aug 27, 2018 10:58 AM
Rainmaker
528,950
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

10% is the number that sounds good and fair ... might even equal a full months rent -- ?

Aug 27, 2018 10:56 AM
Rainmaker
4,040,390
Richard Weeks
Dallas, TX
REALTOR®, Broker

I would try for 10%

Aug 27, 2018 10:49 AM
Rainmaker
910,446
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Survey Says: 10%. Kevin J. May  At least that what the majority of AR responders suggest. That, of course, is more than a month of free rent. (12 months in a year X 10%  = 1.2 months.) Taking a year's rent up front does not mean that a landlord will or should surrender any other rights...such as periodic inspections or, at least, contact. I doubt that you would take a discounted rent for a year and then ignore the tenant for 12 months.

Aug 27, 2018 01:58 PM
Rainmaker
4,114,520
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I have investor clients who have given a 10% discount for full year's payment up front or one month's rent free.

Aug 27, 2018 01:45 PM
Rainmaker
2,062,514
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

10-15% 

Sometimes it is more. At least in our area. 

Aug 27, 2018 11:33 AM
Rainmaker
1,735,612
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

If it isn't at least 10%, probably not worth doing. 

Aug 27, 2018 11:14 AM
Rainmaker
1,596,586
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

10-15% sounds good.

 

Aug 27, 2018 11:11 AM
Rainer
352,876
Teri Pacitto
Compass - Westlake Village, CA
Real Estate, Your Style...Your Home...My Specialty

I would pass.  Typically when this is asked for they have low credit score or other issues that they think this is a viable option for the landlord.  What happens after the first year.  Best to move along with another tenant. 

Aug 27, 2018 08:22 PM
Rainmaker
1,215,530
Gary Frimann, CRS, GRI, SRES
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

Generally, I've heard about 10%  

Aug 27, 2018 08:10 PM
Rainmaker
1,229,123
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

None, I don't do it, even when offered.

Pacific Heights comes to mind.

Aug 27, 2018 06:54 PM
Ambassador
4,578,739
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I didn't have a clue but thought 10% sounded good and it seems others think so too!

Aug 27, 2018 05:53 PM
Ambassador
5,407,022
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

We give a 5% discount to our renters, primarily students, who pay 6 months to a year ahead.

Aug 27, 2018 05:04 PM
Rainmaker
1,919,284
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

ZERO

Aug 27, 2018 04:52 PM
Ambassador
4,256,037
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

One month - Sounds better for the tenant than 10% but, to the landlord, it's more money in their pocket!

Say rent is $1,000/month X 12 = $12,000.

10% is $1,200 vs 1 month at $1,000.

 

Aug 27, 2018 02:40 PM
Rainmaker
1,722,655
Lyn Sims
Schaumburg, IL
Schaumburg Real Estate Agent Retired

Zero? Is this a trick math question? I'm a little 'light' in that dept.

 

Aug 27, 2018 02:34 PM
Rainmaker
1,386,873
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I'm with Jill Murty, Realtor - Orange County, CA on this one.  Paying up front in CA is usally a red flag of a tenant to avoid.  I've turned people down because of this.

Aug 27, 2018 12:52 PM
Rainmaker
528,702
Marie Story
Coldwell Banker - Pinecrest (Miami) - Pinecrest, FL
Broker Associate, Pinecrest (Miami) Specialist

I once had a tenant propose that to a landlord - the landlord credited him 1 month.

Aug 27, 2018 12:43 PM
Rainmaker
1,153,400
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

People suggest it until they do not have $120,000 cash +10,000 deposit=$132,000...

Talk is cheap.... 

Aug 27, 2018 11:36 AM
Rainmaker
913,130
David Popoff
DMK Real Estate - Darien, CT
Realtor®,SRS, Green ~ Fairfield County, Ct

That is against the law in Connecticut.

Aug 27, 2018 11:31 AM
Rainmaker
849,710
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

None.

Aug 27, 2018 11:11 AM
Rainmaker
5,571,848
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

I don't think that's allowed in MA... 

Aug 27, 2018 11:03 AM
Rainmaker
4,936,642
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I don't do rentals, so busy reading comments.

Sep 03, 2018 06:12 AM
Rainmaker
70,634
Ricardo Mello
Manhattan Miami Real Estate - Manhattan, NY
Manhattan & Miami Real Estate Agent

No discount. 

Sep 01, 2018 12:41 AM
Rainer
117,085
Christine Kankowski North SD and Temecula
House Match Inc - Poway, CA
Excellent Sales and Property Management

None, in my view.  i would keep in an escrow account and take the monthly rent as it comes in.

You are still getting the same income as you would have over the course of a year. You have security of getting the rent paid, but if you are asking a fair market rate, no need to come down on the price. 

Aug 29, 2018 09:38 AM
Rainmaker
508,283
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

I have not seen any discount. What I've seen is tenant paying the entire year upfront to compete with other strong applicants. 

Aug 29, 2018 09:14 AM
Ambassador
3,986,710
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

5-10% though we don't offer either on our rental properties.

Aug 28, 2018 08:42 PM
Rainmaker
2,808,236
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

10-15%.  Probably 10% is fine.  A lot of online places offer 15% for annual payment (e.g. email/CRM programs, web tools).

Aug 28, 2018 05:31 PM
Ambassador
952,922
Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com

As a landlord, I take off 10%. 

Aug 28, 2018 04:29 PM
Rainmaker
4,433,683
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Depends.

Aug 28, 2018 02:06 PM
Rainmaker
1,707,423
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I agree with Kathleen Daniels.

Aug 28, 2018 07:29 AM
Rainmaker
1,108,970
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

I cannot express my appreciation enough for all of the excellent responses. The numeric piece is pretty well determined although now my interest is leaning more toward the WHY also. ActiveRain Rules!

Aug 28, 2018 06:36 AM
Rainmaker
4,799,481
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I would guess 5%.

Aug 28, 2018 06:28 AM
Rainmaker
610,936
Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando Home Buyers

NONE.

The only time I have been offered a years rent up front is when the potential tenant has some risk or something else going on that did not make them an "A" rated tenant.

What happens the next year?

All my tenants stay for more than a year and I am too picky and never desperate to take the bait.

Eve

Aug 28, 2018 05:27 AM
Rainmaker
3,330,822
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I try to get away with 5 with my tenants but some i go to 10%,

Aug 28, 2018 04:52 AM
Ambassador
4,312,759
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Maybe, a month, Kevin J. May

Aug 27, 2018 10:45 PM
Ambassador
3,038,800
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

No discount in my previous managment practice, it was a requirement for people with crappy credit though.

Aug 27, 2018 08:40 PM
Rainmaker
622,121
The Villages Realty
The Villages Realty - San Jose, CA
"Our Performance Will Move You!"

Maybe one month free.  Amounts to about an 8-9% discount.

Aug 27, 2018 08:21 PM
Rainmaker
3,985,855
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I would not give one.  I still have bills that are not discounted

Aug 27, 2018 07:02 PM
Rainmaker
2,641,352
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Why discount? The owner gets it any which way. 

Aug 27, 2018 06:26 PM
Rainmaker
701,402
Steve Higgins
RE/MAX Kelowna - Kelowna, BC

I have never encountered this with any of my tenants but would probably offer a free month. 

Aug 27, 2018 06:00 PM
Rainmaker
710,004
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

Interesting... 

Aug 27, 2018 05:44 PM
Rainmaker
919,473
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

I've never had a tenant ask this - I would probably give 1 month

Aug 27, 2018 05:33 PM
Rainmaker
6,604,383
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Interesting answers. I have not faced issue.

Aug 27, 2018 04:54 PM
Ambassador
2,570,477
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

  One month "free" rent.

Aug 27, 2018 04:42 PM
Rainer
215,693
Sharon Altier, SFR
Lawton Realty Group, Inc. - Elmhurst, IL
Your Real Estate Partner

I have seen a landlord deny any discount; stating the reason the tenant has to pay upfront is because of poor history or risk.  One landlord stated that if there were not any issues after tenant departure, he would credit them back.  He did have issues...lol

 

Aug 27, 2018 04:14 PM
Rainmaker
1,639,526
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

One month

Aug 27, 2018 03:23 PM
Rainmaker
514,124
Dan Tabit
Keller Williams Bellevue - Sammamish, WA

Whatever you can negotiate for yourself.  "Fair" is a place where you can play games and ride a roller coaster.  The landlord may welcome it and be in need, therefore offering a larger discount than expected or have reason to want the income more evenly distributed and not want a windfall.  

Aug 27, 2018 01:56 PM
Rainmaker
5,583,769
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Kevin, 

It is up to you and whatever laws govern this in your state. A

Aug 27, 2018 11:52 AM
Rainmaker
2,023,850
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

10%

Aug 27, 2018 11:24 AM
Rainmaker
4,097,284
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

The bigger question is why?  Red flag alert in my world. 

Sep 08, 2018 02:23 PM
Rainmaker
1,888,246
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

I represented a landlord and a tenant made an offer to pay the entire first year up front at 5% off the list price. That worked.

Aug 28, 2018 08:55 AM