20. March 2020
Clients and Friends,
First and foremost, we hope that you and your family are healthy and doing well. These are challenging and unpredictable times for us all.
We are still operating as normal. We will continue to handle day-to-day maintenance needs as they arise, and we will continue to collect and disburse rent on your behalf. As of right now, we are still maintaining regular office hours.
We are still showing vacant properties as well, however, calls on available properties have decreased significantly. Please understand that if your property is currently vacant or will become vacant in the coming weeks we will do everything within our power to fill that vacancy. How the public reacts to this ongoing and fluid situation is however beyond our control.
Lastly, it is quite probable that we will experience some delinquency in April rent payments by tenants who work in the hospitality industry. Fortunately, they only comprise about 8.5% of the workforce in Pinellas County. Retail employees make up another 13.5%. It is our hope that the current Administration and Congress will work swiftly to help those affected workers, but April 1st is right around the corner.
In the meantime, we’ll do our best to keep you informed as this continues to unfold.
Professional Real Estate Management