"I Own a Shopping Center, Now What?" Podcast | Episode 11: What to do When Your Tenant Wants a Rent Reduction

Beth Azor - Retail Leasing for Rockstars

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4M ago 11:24

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In Episode 11 of "I Own A Shopping Center. Now What?", Beth Azor tackles the topic of tenants requesting rent assistance. With a population boom in South Florida, such requests are rare, but Beth shares her advice for landlords who do encounter this issue.

Beth emphasizes the importance of understanding the tenant's business. She advises landlords to request a rental assessment application, including a credit check, sales data, and a detailed plan for using the assistance. This process often deters casual requests.

For those tenants who do complete the application, Beth suggests ensuring they have a clear plan to increase sales. She prefers reimbursing specific business expenses like advertising, rather than simply reducing rent.

Tune in for Beth's insights and practical advice on managing tenant relationships and keeping shopping centers thriving.

Don't miss out on future episodes filled with more expert insights and practical advice. Subscribe to my channel now and be ready on owning a shopping center.

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