There is no way around it. This is a difficult time for tenants and landlords alike. Sometimes the best we can do is try to soften the blow and make the best out of a less-than-optimal situation. Here are several ways an apartment owner can be a resource to their tenants during the coronavirus outbreak.
- Listen to their concerns, Consider directing them to assistance programs, suggest resources for children, help to leverage numbers, and support distancing together.
- By doing everything you can to help your tenants through this instead of solely focusing on your bottom line, you are solidifying a community that will hopefully be even stronger than before this crisis.
- The best lessons are always learned through adversity, so try and take this opportunity to make yourself a better operator, a better investor, and above all a better person.
If you are a landlord and need further legal assistance, contact Martin Law Group. We our offering free consultations for the month June.