{"id":12964,"date":"2020-04-07T14:38:07","date_gmt":"2020-04-07T21:38:07","guid":{"rendered":"https:\/\/www.rentecdirect.com\/blog\/?p=12964"},"modified":"2020-04-07T14:38:07","modified_gmt":"2020-04-07T21:38:07","slug":"landlords-help-tenants-covid","status":"publish","type":"post","link":"https:\/\/www.rentecdirect.com\/blog\/landlords-help-tenants-covid\/","title":{"rendered":"Amazing Landlord Responses to COVID-19 | Plus Simple Ways to Help Your Tenants"},"content":{"rendered":"

\"Amazing<\/p>\n

Landlords aren\u2019t simply asset managers, they are essential to society for the renter to have a place to call \u2018home\u2019.\u00a0<\/span><\/p>\n

Property managers looking for ideas on how to make a greater impact on your tenants may find inspiration from these tales of how landlords help tenants during this pandemic. Plus, you\u2019ll find suggestions for simple ways to help your tenants that you may find useful.\u00a0\u00a0<\/span><\/p>\n

Amazing Landlord Responses to COVID-19<\/span><\/h2>\n

It is often lost on society that property owners and property managers provide an essential service. Often, landlords go above and beyond for their residents year round. Yet, in this season of uncertainty we see landlords help tenants in grander and amazing ways that deserve to be shared.\u00a0<\/span><\/p>\n

Rent Forgiveness in the News<\/span><\/h2>\n

Property owners with the financial means have been overwhelmingly generous. These landlords help tenants by offering rent forgiveness in light of the difficulties and struggles renters are facing due to the pandemic.\u00a0\u00a0<\/span><\/p>\n

Landlords Help Tenants With Rent Forgiveness Coast-to-Coast<\/strong><\/p>\n

In Bakersfield, Ca, Dennis Beaver and his wife created a stimulus plan of their own to <\/span>help their tenants struggling with financial hardship to pay rent <\/span><\/a>in April telling his tenants, \u201cDon\u2019t pay April\u2019s rent this is our gift to you. We are all in this war together.\u201d\u00a0<\/span><\/p>\n

On the East Coast, <\/span>Mario Salemo waived rent for hundreds of tenants across his residential and commercial portfolio.<\/span><\/a> Salemo says, \u201cI\u2019m really not concerned about the rent right now, I\u2019m concerned about peoples\u2019 health. Not only are we up against an epidemic, these poor people have no jobs and they\u2019re worried about getting sick. I didn\u2019t think it was much on a person like me, who God was good to, to help them all out.\u201d<\/span><\/p>\n

Rent Forgiveness Country by Country<\/strong><\/p>\n

Meanwhile, in addition to offering groceries, medicine, or other supplies, <\/span>Chris Boyes, a landlord in Toronto offered rent forgiveness to his 36 tenants<\/span><\/a> saying, \u201cI really don\u2019t care about money right now, I care about YOU…You shouldn\u2019t be struggling to find a roof for your family\u201d. He was inspired to offer this kindness as a pay-it-forward when he was once struggling and his landlord waived his rent at a time of financial hardship in his life.\u00a0<\/span><\/p>\n

Across the pond in Lancashire England, <\/span>Paul Bradshaw offered his one tenant five months rent-free<\/span><\/a> in response to COVID-19. He goes on to say, \u201cNow, more than ever, we need to look after each other. We can all do something, no matter how small, to contribute to a kinder society.\u201d\u00a0<\/span><\/p>\n

Landlords Offering Partial Rent Concessions<\/span><\/h2>\n

In some cases, it just isn\u2019t feasible financially for a landlord to offer a full month\u2019s rent so some are offering discounts in the form of a partial rent forgiveness.\u00a0\u00a0<\/span><\/p>\n

A commercial landlord in <\/span>Alexandria Virginia is offering tenants partial rent forgiveness<\/span><\/a> by waiving rent for the days a business has to be closed due to the pandemic.\u00a0<\/span><\/p>\n

The San Antonio <\/span>Apartment Association has asked its members to forgive twenty-five percent of rent <\/span><\/a>owed for tenants who receive aid from the city. While in Cape Code a l<\/span>andlord discounted rent <\/span><\/a>by thirty percent.\u00a0<\/span><\/p>\n

But, What if I Can\u2019t Offer Rent Forgiveness?\u00a0<\/span><\/h2>\n

It is a misconception that all landlords have amassed great wealth and can handle not collecting rent.\u00a0<\/span><\/p>\n

While some lenders are allowing landlords to defer mortgage payments, and even with governmental business incentives, sometimes offering rent forgiveness may be understandably out of reach because:\u00a0<\/span><\/p>\n