The percentage of older adults renting in America increased from 24.4% to 27% in 2016, which means that, contrary to what you might believe, millennials and people under 30 are not the only renters in the U.S. today.
That said, you should be fully aware that there’s definitely a large difference between these two groups, and that elderly tenants might just be the more complex group of people to deal with. You need to anticipate other ways to approach and spacious accommodation, one that suits all their needs, so older adults can live comfortably and at ease. Have no idea where to start? We are going to tell you 7 things to consider when renting to elderly tenants:
1. Stay Up to Date With Anti-Discrimination Laws
When it comes to housing laws, the elderly have plenty of protections. If you’re aware of all these, then you have a great advantage in all kinds of situations, such as preventing lawsuits for infringement of rights. Even so, there will be scenarios where you might never expect to be infringing on any kind of norm, and you will, such as when you ask elderly tenants if they have any disability or special needs; this counts as discrimination, and the same happens when inquiring on matters regarding religion, familial status, ethnicity, and race. To ensure a sharp knowledge about these cases, you can consult a local landlord’s association to provide you with answers to all your doubts, and also, don’t forget to always treat all your tenants equally and not have special requirements or conditions based on age.
2. Make a Property Livable for Disabled Tenants
Properties, according to the law, requires landlords to make a wheelchair-accessible door and installing grab bars in one bathroom. This, of course, can vary from state to state and the type of unit you own, even so, the statute for these modifications is still federal. Disabilities are frequent in seniors, more if they’re older than 65 years old. Safety is essential to the elderly, as that’s the first thing they ask about every time they move somewhere new. Accessibility ramps, handrails on staircases, security cameras, and even panic buttons, are part of the modifications you should consider if you want to be a choice for elderly tenants.
3. Keep It Old School
Modernity has everyone glued to their phone screen, as you can do practically everything with it, including paying your bills. The younger generation might be able to digitally pay you the rent because it’s faster and easier, but this is not the case with older people, as they may prefer to pay you by giving you the money in person. You have to be open to these habits, as it will project flexibility and sympathy from your part. And who knows? Maybe one day they’ll come to you all geared up with the latest technology and paying online will be more than fine for them.
4. Enforce Rent Rules
When dealing with elderly tenants, it’s probable that you may have to change your payment routine, because sometimes their pension payment comes at a certain time of the month. Communication is key if you don’t want them to fall behind on payments. To prevent elderly tenants from being late on their rent, you need to observe and stay up to date with their financial status, so they don’t endanger your own. Rules are advantageous in these cases. Avoid adjusting the rent due date; but if you do and things don’t improve, focus on finding new housing for the tenant and not kicking them out. However, you should keep in mind that some charitable agencies will not take tenants that are more than 30 days behind in rent payments, so you have to act quickly.
5. If Eviction is Needed, Tread Carefully
Most of the times, the elderly have legal protection when it comes to discrimination and unfairness. You are not allowed to deny lease to the elderly based on age, and you aren’t allowed to evict them for the same reason. So before taking any decision, consult your situation with an attorney to avoid any imminent lawsuit, including the landlord’s association. The best thing you can do is having your research on point, so the leasing process doesn’t turn into a mess and gets your world upside down.
6. Stay Open to Make It a Pet-Friendly Space
It’s not unusual for older adults to have pets for companionship, whether for precaution, protection or to simply not feel lonely. A majority of the elderly value their pets as they do their lives, so alternately to not allowing pets in apartments, maybe you can reach an agreement with the tenant regarding their pets. How could you do this? By allowing only cats, or cats and small dogs. It will all depend on the situation, but it’ll be up to you in the end.
7. Learn About Help Groups Available for Elderly Tenants
Eviction may not be the only solution to any issues you might be having with an elderly tenant, as there are many minor problems that can be solved with the help of the community. Paid organizations can help your tenant deal with their every-day day activities, financial management, cash assistance for eviction prevention, and more.
Some examples are:
- The Red Cross
- The Veterans Affairs Supportive Housing Program
- Local offices of elder care
- Local churches or synagogues
- Catholic Charities (the tenant doesn’t need to be a Catholic to get this help)
When it comes to hoarding issues, then these can be approached by Los Angeles Foundation on Aging, a group that offers a program that helps older adults who struggle with hoarding. So if you happen to know a tenant that deals with hoarding problems in their daily lives, this can be an option. Also, always remember that a short-term cash assistance program can help a family to intervene before eviction starts being imminent.