Since the early part of the year, the news about the Coronavirus has continued to spread. With all of the unknowns about this virus, it can be challenging to navigate what you should be doing as a property owner to help support your tenants during these unknown times. As a landlord, you have a responsibility to help keep your tenants safe. You might also be worried about how your tenants are handling all that is going on. As a property manager, you might even feel a bit responsible for your tenants and you want to do what you can to help them during these unprecedented times. Here are five things that you can consider doing in order to help your tenants at this time.
1. Offer Assistance on Rent if Able
There are going to be several people living in your apartments that are simply not going to be able to pay their rent this month and possibly over the next couple of months. One of the things that you can do as a landlord is reach out to these people and offer some type of assistance if you are able. This assistance could be in the form of a payment plan of some type. You need their rent money to continue paying bills, but also know that they might truly be struggling. Work with your tenants to come up with some type of solution that will work for both of you.
Another way that you can help your tenants……