The outbreak of novel Coronavirus has hit the global real estate market disrupting the functioning of the entire industry. The situation is the same for the Landlords as well.
Travel restrictions of the citizens, professionals, or students are imposed across the country. With businesses being shut, there is a lack of clarity on its impact on the global economy.
During this grim situation, the concerns of commercial landlords and tenants are high. Tenants are finding it difficult to pay the rent and comply with the agreements. Also, several retailers have already conveyed the message regarding their inability to pay rents.
So, to cut the long story short, the situations are not favorable at the moment. However, this is the time to prepare for the future. To do that it would be apt to incorporate a Private Community For Your Renters / Tenants.
The platform helps to develop valuable community connections to save time and money on marketing by turning tenants into advocates. It will boost neighborhood interaction so you can increase the adoption of supplementary services to create an additional revenue channel. In fact, the platform also helps to create social buzz, tenant retention, customer acquisition, build referrals, award rewards, gamification, and much more.