March 23, 2020
The rapid spread of COVID-19 and its associated shutdowns, quarantines and restrictions has caused a ripple effect of economic uncertainty throughout the United States and abroad.
If you’re a rental owner, you may have tenants temporarily out of work and unable to pay rent.
But it’s also a very difficult time to find new tenants, in the current unpredictable labor environment.
If you don’t want to go through the hassle of evicting tenants, you have a few options as a rental owner.
You probably have some tenants who are nervous about how they will pay their rent. Finding someone else to move in isn’t a great option during a time of recommended social distancing.
Here are a few ideas to benefit both you as an owner and keep your tenants happy in their rental unit.
While we all know we are living in unprecedented times, we have an opportunity to show the best of our humanity to each other. Reach out to your tenants. Let them know that you understand their anxiety. Make plans now to be proactive, instead of waiting for rent to come in that can’t be paid.
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