Collecting Rent in a Crisis
What happens when there’s a universal crisis that can affect your tenants’ abilities to pay the rent?
During the COVID-19 crisis, your tenants might suffer from job loss or a reduction in pay due to stay-at-home restrictions. Shelter-in-place protocols can also make it difficult for landlords to collect the rent—but the rent is still due every month, on time.
How can landlords collect the rent during a crisis? When you download your free guide, we’ll walk you through:
- Responding with empathy
- Enforcing due dates and encouraging tenants to pay on time
- Providing options—within reason
- What to do as a last resort.
A crisis presents unique challenges to your landlord-tenant relationships when enforcing rent payment due dates in your lease agreements. Let us help you strike the right balance of empathy and enforcement to make sure you receive your rental payments on time! Get your Free Guide to Collecting Rent in a Crisis.