LANDLORD SHOCKFARMERS LEARN NEW PERSPECTIVES FROM NEXT-GENERATION LANDLORDS.

摘要

Farmers aren't the only ones getting older. Forty-two percent of non-operating landlords (NOLs) were more than 70 years of age in 1999*. As control of rental property shifts to the next generation, long-term tenant relationships can shift too.When the children of one of Dale Hess' landlords turned management of the property over to a farm manager, it came as a shock to the Chaska, Minn., farmer."We had always had a good working relationship, with rent going up with the cost of living," says Hess. "The dad was strict, but he was fair too. Suddenly, a stranger walks in and says the rent is going up $60/acre, and the full rent needs to be paid upfront in March, rather than split in May and October."