Whether they be office, multifamily or warehouse tenats, your renters are your lifeblood if you are an investor in commercial property.
With that said, a colleague of mine -- wanting to spread some good will, and share in her good fortune in 2008 --has invited all of the renters of her multifamily properties to an open house at her church. No preaching on this night. The facility was conveniently available. But she is reaching out to do something nice for those folks who help her pay the bills all year long.
She is a good owner too, very responsive to her renters' needs. For if they don't stay, it messes with the business model and the revenue stream.
I thought it was something nice to write about as we had into the holiday season.
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