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IN THE WORKS

COVID RENT MANAGEMENT: WHAT WE LEARNED

Property Works developed and released the Rent-Deferral Tool in March 2020, immediately following the announcement of Covid-19 restrictions in the United States. Watch the live webinar recording with company partner Karla Finnegan, as she walks through the Rent-Deferral Tool.

HOSPITALITY RESTAURANT GROUP

In 2010, after a sizable acquisition of additional restaurant locations, we knew we needed more control of our lease obligations. We found our perfect solution with Property Works.

WKS RESTAURANT GROUP

WKS has over 350 Leases and has been a client of Property Works for 13 years. We currently use the database function and process the updates ourselves. We are always able to get first-class customer service to help us with training and implementation of the system tools. I cannot imagine managing our Leases using any other system. When the first business interruptions began during the COVID-19 pandemic, we knew we needed to reach out to our Landlords for rent relief, but had no idea how we would manage such a process. Before we could even reach out to Property Works for guidance, we received notification that they were already working on a system to manage the process from start to finish. Their solution has been an absolute game changer for us. We only have to reach agreement with our Landlords, and we are then able to enter all the deal points into the unit. All the repayment and tracking is calculated and added to the AP system automatically.