Property Management: Tips on Handling Rent Reduction Request
Tenants Rent Reduction Request
Many property managers and landlords are getting calls from tenants asking for rent reductions, forbearance, cancellation of lease or other financial assistance during these tough times.
Property managers or landlord should follow these tips:
3 Not To Do Tips:
1. Permanent Change to a Lease Agreement
2. Cancellation of lease
3. Save tenant money without resolving a delinquency problem
3 To Do Tips:
1. Make a concession that will help the tenant
2. Tie any concession to a performance goal
3. Document, Document, Document
Property Managers or Landlords should definitely read these tips in detail by clicking here
This blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies is brought to you by SimplifyEm Pay Rent Online and Property Management Software
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