Think twice before bailing out – Save your property and your tenants

Description

Abstract: A property owner’s financial setback due to loss of tenants can cause a building to fall into disrepair, which may in turn cause existing tenants to leave, leading the owner to lose more money and, in many cases, to lose the property too. This article shows how this vicious cycle can be broken: by working closely with the lender and by adopting a greater “customer service” mentality toward tenants.