I am offering my tenants a Covid-19 RENT DISCOUNT

[Andrey Y.]

Fellow investors and landlords,

I have decided to offer my tenants a small discount for paying their rent on time, in light of the current situation. Its not because I think it will be a huge deal, mainly to thank them for being with me and to help them at least a little during this crazy time.

The following is the beginning part of the email I just sent out to all my tenants (for the properties that I self manage):

Tenant's name,

Effective now, I will be offering the following credits:

Rent submitted 5 days early (by the 26th of the prior month) - 10% DISCOUNT

Rent submitted on time (by the 1st of the month rent is due) - 5% DISCOUNT

I will be waiving late fees. Keep in mind that rent is still due.
-----------

And then there is a few more short paragraphs about thanking them for their communication, other perks I am giving them, and list of suggestions they can use to pay rent if they are having trouble.

Thoughts on this? Am I crazy? Am I being premature here?

Would love to know the communities thoughts on this. What are you doing personally for your rentals and tenants? How worried are you about this situation and how it will affect your portfolio?

Thanks, -Andrey

[Nathan Gesner]

Nice gesture. I disagree with it because your tenants are almost guaranteed to make as much money in April as they did in January. Government handouts are actually increasing income for people at middle income and lower. So you're just adding more handouts to people that probably aren't suffering as badly as the news indictates.

just my opinion. You're doing what you think is right and trying to help people. Well done.