Collecting Rent During The Coronavirus Pandemic & Rent Grace Periods

tricountymanagementllc • Aug 25, 2021

Collecting Rent During Pandemic & Rent Grace Periods

Have you lost rents during Covid-19? Recovering rents during a pandemic period is not as hard as it sounds. There are many ways to recover these lost rent funds that benefit both the landlord and the tenants.  Currently there is an overage of government grant funds for tenants and landlords to apply for.  Simply informing tenants of each grant and providing them the resources to apply is the key to getting access to these funds.
In Oregon there are several grants available to tenants and can be accessed by calling 211 or 211info.org.  However, you can also reach out to your county directly for  information on rent assistance within each county.  Some cities and churches also offer assistance to tenants as well. Clackamas County Hacc@clackamas.us   503-655-8676 Or by contacting grant services directly. Ant Farm Youth Services at    rentassistance@antfarmyouthservices.com
If Tenants are not willing to apply or get denied for the grants available to them, landlords can apply for the Landlord Compensation Fund (LCF).  Its just a short application process that can be done on line.  Recently these funds were changed from an 80% compensation payout to 100% payout to landlords.  I encourage any landlord to seek these funds through the government grants available to us. To apply or for more information go to LCF.Oregon.gov/lcf
Tri County Management, LLC currently has $0.00 loss of revenue since the pandemic began and proudly has several tenants on grants that will provide rent through the end of the year. Some of these grants also help tenants pay utilities. It feels so good to be able to help others in need as well as continue to collect rents through the pandemic period.

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There are many reasons to hire a qualified and licensed property management company. These are some of the most common. Give yourself a break and let Tri County Management maximize the return on your investment and give you peace of mind.
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