Rent Workout to Retain Tenants
Many businesses, individuals and families are struggling to pay their rents even though the recession is ending. Due to the economic slowdown, rental property vacancy rates are hitting their highs, and many property managers and landlords are willing to ease lease terms. They find that getting paid slightly less is better than a having a vacancy.
In case of shopping centers, some property managers and landlords are making lease agreements that are common with large retailers. These property managers and landlords are willing to get %age of monthly sales instead of paying based on the building’s square footage.
Some property managers and landlords may be anxious to rent property when a lease ends. However it is even more important in current environment to do proper tenant screening and ensure that they find a tenant that does not lead to sleepless nights.
Before you negotiate rent, read property management tips on handling rent reduction requests.
Read the story about how other landlords, property managers are working out rents with tenants by CLICKING HERE
This blog post is brought to you by SimplifyEm Pay Rent Online and Property Management Software
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. Property Managers, Landlords Retain Tenants with Rent Workout is brought to you by SimplifyEm Pay Rent Online and Property Management Software
|
Welcome back! What did you think of our Property Management Software?
Are you subscribed to our feed and receiving email updates? |
You might also want to read:
- 3 Tips for Property Managers and Landlords to Maximize Rents in 2010 Economy is still struggling and rental property occupancy rates have been dropping which is resulting in decreased rental income for property owners. Follow these tips in 2010 to maximize rental income. 1. Increase Rents At......
- Tip for Property Managers, Landlords to Reduce Headache after Disaster Property Managers, Landlords and Property Management Companies can reduce their headaches after a disaster by educating tenants about their financial responsibility. Most tenants are not aware that if there is a fire, theft or other......
- 5 creative tips for landlords, property managers, property management companies to retain tenants Most landlords, property managers and property management companies tend to be reactive about lease renewals and it worked during a hot market when rents were going up and rentals were in high demand. Now renewals......
- 8 Tips for Landlords, Property Managers to Keep Residential Rental Properties Occupied in Today’s Market Residential rental property owners are facing one of the worst markets in three decades. Job losses, down real estate market have pushed the vacancy rates high, and have almost doubled in some markets. This has......
- Green Property Management for Property Managers, Landlords – Radon Prevention Radon has no taste, smell or color and a residential real estate property can have dangerous levels of it. Radon is the number one cause of lung cancer deaths for non-smokers in America and its......
