Faced With Her Tenants' Pain, A Seattle Landlord Negotiates With Banks

Liz Dunn, a building owner in Seattle, discusses her experiences managing properties in the Pike Pine neighborhood. She highlights her commitment to supporting local businesses by deferring rent during financial hardships and assisting tenants in obtaining PPP loans. Despite challenges, she encourages tenants to adapt by incorporating e-commerce. Liz expresses concerns about the future but remains hopeful that the unique appeal of her neighborhood will attract visitors once restrictions are lifted.

What is Liz Dunn's approach to selecting tenants for her buildings?

• She chooses local, creative business owners.

• She only rents to international businesses.

• She prefers renting to chain stores.

• She rents to the highest bidder.

What financial issue did Liz face in April?

• She had no tenants left.

• She collected more rent than expected.

• She received a government grant.

• She collected only 47% of her rent.

How many of Liz's tenants successfully received a PPP loan?

• Five of them

• None of them

• Ten of them

• All of them

What strategy did Liz encourage her tenants to adopt during the financial crisis?

• Develop an e-commerce presence

• Invest in real estate

• Hire more staff

• Open new physical stores

What is Liz's hope for the Pike Pine neighborhood after restrictions are lifted?

• It will lose its unique appeal.

• It will remain closed indefinitely.

• It will be one of the first places people visit.

• It will become a chain store hub.