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Afford Anything | Make Smart Money Choices

How to Talk To Your Tenants About Financial Difficulties

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.73.6K Ratings

🗓️ 31 July 2020

⏱️ 25 minutes

🧾️ Download transcript

Summary

Welcome back to PSA Thursday, a mostly-weekly segment (sometimes on Thursdays) in which we talk about how to handle money, work, and life in the middle of a pandemic. This week, we continue the conversation on what landlords can do to create and maintain open lines of communication with tenants. Doing so can help you avoid a situation in which your tenants ghost you. If you find these tips helpful, head to https://affordanything.com/psalandlord to download word-for-word scripts you can use with your tenants. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Welcome to PSA Thursday, a sort of weekly-ish but not always weekly segment of the

0:05.9

Afford Anything podcast, the airs kind of on Thursday-ish but sometimes on Friday.

0:10.4

This is a bonus segment of the podcast that we rolled out in 2020 in order to specifically cover

0:16.5

topics related to money, work, and life in the middle of a pandemic.

0:20.8

These PSA Thursday episodes are stripped down bare bones versions of the podcast.

0:25.6

There's no intro music, no outro music. We keep it intentionally ad-free.

0:29.8

The episodes are quite a bit shorter. And the purpose of these episodes is to do what radio

0:35.3

was originally intended to do, which is communicate with people in times of crisis.

0:40.5

So these episodes are short to the point and meant to offer helpful actionable information

0:47.8

that relates to the special events of the pandemic. On the most recent PSA Thursday episode,

0:54.5

we had an interview with Aliza Dharana, a writer from Princeton University's eviction lab,

1:01.3

which is a lab that is assembling arguably the most robust, rigorous,

1:06.0

trove of academic research about evictions anywhere in the United States.

1:12.6

Now in today's episode, we will follow up on that interview with specific actionable advice

1:18.3

for landlords, including word-for-word scripts that you can use when you are talking to your tenants.

1:24.5

About potential financial difficulties that they may be facing. And we're going to break this down

1:28.8

into three phases. What you can say to your tenants early on and in a proactive manner before any

1:34.8

trouble begins, what you can say to your tenants during a time in which they're facing financial

1:40.5

difficulties, and then how you can communicate with your tenants and what you can say to your tenants

1:45.5

in an ongoing way. We also have a free giveaway with all of these word-for-word scripts that you

1:52.7

can use, you can print it out, you can keep it on your iPad, refer back to it whenever you're

1:57.6

talking to your tenants. You can download all of these scripts for free at affordanything.com-psalamlord.

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