startupnation business beat

WJR Business Beat with Jeff Sloan: Real Estate Expert Renee Acho on Paying Rent During COVID-19 (Episode 24)

What do you do if you’re a small business and you can’t pay rent this month due to COVID-19? What do you do if you’re a landlord and you need those rents coming in?

On this morning’s WJR Business Beat, Jeff offers advice to any small business owner struggling to pay his or her rent this month:

  • Apply for the various disaster relief programs available to you. If you’re unsure how to do this, check out Automation Alley’s webinar for tips
  • Apply for an economic injury disaster loan, also known as an EIDL, at
  • Communicate directly with your landlord

Business owners are not alone; if you’re a landlord, you’re also likely struggling.

Let’s take a listen to how top real estate broker, Renee Acho, is handling this with her tenants:

“If you as a small business owner or a landlord of a commercial building and you have just been provided release to your company, you then can offer that to your tenant. That’s what we’re doing. We are actually providing free rents for the next month to our associates because our landlord was able to provide that to us as a result of what he’s being offered from the SBA loans.”

– Renee Acho

StartupNation exclusive discounts and savings on Dell products and accessories: Learn more here

Tune in to News/Talk 760 AM WJR weekday mornings at 7:11 a.m. for the WJR Business Beat. Listeners outside of the Detroit area can listen live HERE.

Related Posts
Read More

Cybersecurity: Why It’s Important for Small Businesses

Technological advances today have made individuals and businesses more interconnected than ever. But the same networks that keep people connected also abound with cyber threats. Cybersecurity is a must because companies now rely on these...
employee retention
Read More

5 Tips to Hold on to High-Performing Employees

Even before the pandemic, employers complained of labor shortages. Now, they’re experiencing an even tougher time finding and retaining high performers. How challenging is the marketplace for businesses looking to fill seats with talented professionals?...