I’ve been a landlord, with my own 20 properties, for the past 5 years now.I’ve decided not to subscribe to the tenant’s deposit scheme but to take 2 or 3 months rent in advance, which is clearly worded in my ast contracts.My reasons are:I need the working capital – i.e. I need the money sitting in my bank and not the deposit scheme.You may argue that I would be exposed when the tenant comes to leave and their last month (or 2 momths) are free of rent, having paid in advance on day 1 – however what Ive found is:1. Those tenants that paid their rent on time also looked after the property and left it in a good state.and2. Those tenants that did not pay on time – well, I had their deposit in my bank assisting my cash flow when they did not pay – and if they damaged my property then I was covered by malicious damage insurance – the deposit left by a bad tenant would be swallowed up by missed rent and not go anyway to paying for the damage.The biggest exposure for a landlord is not being paid – so I advice that you take out rent insurance for the 1st 6 months – after which section 21 can be used to evict on an accelerated procedure with no need to go to court. Any advice just drop a reply.