A New Jersey landlord joined “Fox & Friends First” Friday to discuss why he waived rent payments for his tenants for three months during the coronavirus outbreak.
“For us, it’s just good business practice,” said David Placek.
Placek went on to say, “We’re believers that if you invest in the community and you’re good community stewards, that is going to be good for you as a property owner and property investor.”.
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Placek decided to waive rent for April, May and June as the global pandemic continues to wreak havoc on the health and the economic security of many Americans.
The landlord, who owns 12 rental units in Montclair, will be forgoing more than $50,000 in rent for the three months, ABC7 reported.
Placek said that forgoing more than $50,000 in rent payments from tenants was an easy decision to make. »