Many people I’ve explained this to don’t understand or refuse to understand the logic behind this warning. But be warned, this is almost a dead give-away that you’re dealing with a deadbeat.
Generally tenants don’t always find themselves in the best situations financially. Aside from some young professionals and students, chances are the person who is renting from you is struggling financially, or at the very least, is on a fixed income. Money these days is so cheap that most people with a steady job can afford to buy their own home and achieve their own version of the American Dream. Of course the “dream” is just a trap, but I won’t get into that here.
Whenever someone comes to rent an apartment from me and suggests paying cash the same day it raises a major red flag in my mind because it suggests that this person needs an apartment immediately. They’re likely trying to pull the wool over my eyes and get me to give them the key. Of course, giving someone the key closes the door on your rights in Massachusetts as a Landlord. Think of the keys as a symbol of your rights. Once they’re transferred so too are your rights as someone trying to bargain at arm’s length.