There is a need to create a win-win for all parties involved, and the landlord or manager needs to be a leader in a situation like this.Whether you self-manage or use a professional manager, communicate with your team and others in your community to find creative solutions to keep moving in the right direction.  

@Sandy Gabin creative solution!

It's a low cost solution to what has proven in the past to be simply not worth doing any other way. 

Can you try a short-term solution like Airbnb, or market the property as a furnished month-month rental for a premium?

I think the solution is to give them some relief now since that's their immediate concern and then negotiate how they can repay some or all of that rent over time once they're back in business.Thanks, everyone.w

Take a look at what AAOA's partnership with Rent Recovery has to offer - and for a flat fee:  https://www.american-apartment-owners-association.org/solutions/rent-collection/There are many other collection agencies that offer the same and other services. 

#of 'bird-dogs' or direct mailers blanketing an areaIs there a platform that provides all/some of these solutions/insights? 

If they entertain the joke tell them just kidding and say listen, the only way to know if I can make this a win,win is by discussing likely solutions .

@Jeffrey Sublinsky most syndications won't touch 1970's or older because the electrical and plumbing started becoming a lot more reliable/modern in the 1980's.

In the near term, 1031 buyers will dominate the landscape because they have the most reliable equity and have a gun to their head forcing them to buy within a certain time.