"While I'm a lawyer by trade, my wife and I also own a handful rental properties. A few days ago we were having dinner when an idea occurred to us both at the same time: "Our country is at war with an invisible enemy. America is in lockdown. We need to help our tenants who are now, or soon will be, facing real financial trouble."
"Let’s waive April’s rent. We can contact our tenants and tell them to not pay the rent for April as it is forgiven. We’ll call it the ‘Beaver Family Stimulus Package for Our Tenants."
"Of course, not all landlords are in a position to follow suit, as many depend upon their tenants’ rent to pay the underlying mortgage. But my law practice has many clients who own fully paid for rental units and do not depend on the rent to maintain their standard of living."
"It is fair for a landlord to ask, "If I do this, what's in it for me?"
Having many clients and friends who own rental property, I've learned the secret to retaining good tenants and seldom having trouble being paid rent on-time: If something is broken, fix it! Do the right thing. Show that you care about your tenants' welfare. In this crisis facing all of us, those landlords who do will have the best tenants ever!
Remember: Helping each other during this coronavirus crisis is a win-win for all of us. What can you do to help the cause?"
https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/hey-landlords-lets-pay-forward-173356030.html
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