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Re: Cash Deposit and rent payments

Posted by richard on March 02, 2000 at 09:01:32:

In Reply to: Cash Deposit and rent payments posted by Rev. Marsh Hudson-Knapp on March 02, 2000 at 00:58:20:



Either the apartment is Illegal, or the "landlord" is not really a
landlord and will upscound with the money.... like trying to rent the
apartment to 3 or 4 people so when they try to move in next month there
is no apartment for rent.....SCAM!!!!

Or he is not reporting the rent to the IRS, or he is in serious
finacial trouble and will try and evict her in a couple of months for
some mickey mouse reason

: My daughter is about to rent an apt. in Brooklyn. The landlord wants a $4,000 deposit all in cash, and monthly rent in cash. Money orders or bank checks are not accepable. Is this a standard procedure? It makes us nervous. How do we evaluate the risk of this transaction? For us Vermont people that's a lot of cash to give someone you don't know. Thanks for oyur advice.

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