1851

Despite all signs pointing toward a decimated rental market, a <a href="https://www.franchising.com/articles/rental_recalibration_landlords_and_tenants_alike_are_adjusting.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=pmi-vp-randall-henderson-on-the-pandemics-effect-on-commercial-real-estate-2714494" target="_blank" rel="nofollow">recent article in Franchising.com</a> shows that, across the board, it is only down 3–5% compared to last year. Randall Henderson, Vice President of Commercial and Residential at <a href="https://www.franchising.com/ta.php?id=5593&amp%3Burl=https%3A%2F%2Fwww.propertymanagementinc.com%2F&utm_source=1851franchise.com&utm_medium=article&utm_campaign=pmi-vp-randall-henderson-on-the-pandemics-effect-on-commercial-real-estate-2714494" target="_blank" rel="nofollow">Property Management Inc.</a>, explained in the article that landlords have been extra communicative with their tenants to assess who is struggling and needs additional aid to make their payments. Henderson says he has noticed an increase in properties in need of management due to the pandemic and several independent landlords have consulted PMI to take over and handle management.Landlords at commercial properties have taken a bigger hit. While 95% of residential renters have been able to make their payments, only 75% of commercial renters have been able to make payments. Henderson suggests many brick-and-mortar businesses may be in trouble and will face closures if they’re unable to adapt to a crisis that has no end in sight.“As we discovered at the beginning of the pandemic, the future of real estate and property management is uncertain and will likely be tied to Covid-19 case projections and breakouts,” Henderson told Franchising.com. “As it stands, 30% of the commercial market is out of business and unemployment is stagnant. Without more significant intervention and government assistance to banks and renters it is difficult to say how long a residential recession will be postponed.”To combat this crisis internally, Henderson says PMI is allowing property managers the option to take on multiple pillars of management.&nbsp;<a href="https://www.franchising.com/articles/rental_recalibration_landlords_and_tenants_alike_are_adjusting.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=pmi-vp-randall-henderson-on-the-pandemics-effect-on-commercial-real-estate-2714494" target="_blank" rel="nofollow">Read the full article at franchising.com.</a>

PMI VP Randall Henderson on The Pandemic’s Effect on Commercial Real Estate

1851 Franchise

Henderson explained to Franchising.com how and why landlords have pivoted to accommodate tenants during COVID-19.

pmi-vp-randall-henderson-on-the-pandemics-effect-on-commercial-real-estate

Melting Pot

Photo of interior of Melting Pot restaurant

Lexington Herald Leader: This Restaurant Chain Eyes a Return to Lexington After 10 Years

melting-pot-return-to-lexington

Keke's Breakfast Cafe

Keke's Breakfast Cafe - John and Kimberly Ehrhard - 1851 Franchise

Empowering Leadership, One Pancake at a Time: How John and Kimberly Ehrhard Are Building a Franchise Legacy with Keke’s Breakfast Cafe

john-kimberly-ehrhard-kekes-franchise

Comfort Keepers

More Than a Caregiver: Loretta Smith's Support Extends to Fellow Caregivers, Clients and the Community

more-than-a-caregiver-loretta-smiths-support-extends-to-fellow-caregivers-clients-and-the-community

Photo of Melting Pot CEO John "JC" Crawford

Melting Pot Names New CEO, Celebrates 50th Anniversary With Continued Growth and Leadership Promotions

melting-pot-franchise-mid-year-2025

Layne's Chicken Fingers

Texas Layne’s Franchisee Secures Real Estate in Austin, Set To Open Early Next Year

texas-laynes-franchisee-secures-real-estate-in-austin-set-to-open-early-next-year

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Development Website Builder

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

1851 Login

GROWTH CLUB LOGIN

facebook

instagram

twitter

linkedin

youtube

Drone Delivery Takes Flight in QSR: The Future of Franchise Operations?

drone-delivery-takes-flight-in-qsr-the-future-of-franchise-operations

Chick-fil-A Tops Customer Satisfaction Rankings for 11th Year as Challenger Brands Gain Ground

chick-fil-a-tops-customer-satisfaction-rankings-for-11th-year-as-challenger-brands-gain-ground

Technomic Releases Annual Ranking of the Top 15 Fast-Food Chains in the U.S.

technomic-releases-annual-ranking-of-the-top-15-fast-food-chains-in-the-us

Rising Jobless Claims Could Signal Challenges — and Opportunities — for Franchising

rising-jobless-claims-affect-franchising

Hardee’s Lawsuit Highlights the Risk of Going Off-Model in Franchising

hardees-franchise-lawsuit-paradigm-investment-group

Hooters Leans Into Franchising With Closure of 30 Company-Owned Stores - Agg - 1851 Franchise

Hooters Leans Into Franchising With Closure of 30 Company-Owned Stores

hooters-franchise-model-company-owned-closures

The Ultimate Guide to Selling Franchises: How To Create a Strong Incentive

how-to-build-strong-incentives-to-attract-prospective-franchisees

How Vishal Juneja Turned a Family Tradition Into a Paris Baguette Franchise

How Vishal Juneja Turned a Family Tradition Into a Paris Baguette Franchise Built on Heart and Community

PMI VP Randall Henderson on The Pandemic’s Effect on Commercial Real Estate

MORE STORIES LIKE THIS