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In times of unprecedented circumstances, there really is no go-to playbook or magic wand. That’s why it’s important to focus on concrete, actionable steps that you can control and tackle day-by-day. While we’re navigating these new waters of “social distancing” and taking a pause from our typical daily tasks, find the opportunities within your digital sphere.
I hope all my readers (and everyone else) are staying safe and healthy during this crisis - now let's get to business. With New York State on lockdown, real estate brokers/agents can't sell real estate right now because they are not considered an essential business (yet they are in nearby Connecticut!) This declaration determines whether you can or cannot remain in business during a crisis like this.
The rapid spread of COVID-19 continues to impact the majority of industries across the U.S., including property management. In an effort to educate and offer best practices for the real estate community, we surveyed 3,533 property management professionals across the country to find out how others are responding to the crisis. Survey Results. Earlier this week, we published Part 1 of our survey findings , which focused on health policies and resident safety.
Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.
These past few weeks have been a whirlwind for nearly every industry in the world. The real estate industry has been challenged and agents everywhere have had to pivot their daily operations to adjust to the current health crisis. Activity has shifted to the digital realm during this timespan of social distancing, which presents a few challenges as well as opportunities for real estate agents.
With many Americans living under self-quarantine, the future of housing and office space will experience radical change. Here are some random thoughts about life after coronavirusappoccalypse : The Man-Bun will make a big comeback due to the inability to get a haircut. There will be so much toilet paper to appear on store shelves that it will take years to use it up and toilet paper production-related employment will be bleak.
With many Americans living under self-quarantine, the future of housing and office space will experience radical change. Here are some random thoughts about life after coronavirusappoccalypse : The Man-Bun will make a big comeback due to the inability to get a haircut. There will be so much toilet paper to appear on store shelves that it will take years to use it up and toilet paper production-related employment will be bleak.
COVID-19 continues to affect all facets of life for property managers, owners, and residents. To better understand how COVID-19 is impacting the real estate industry, AppFolio recently surveyed 3,533 property management professionals nationwide. From resident communications to maintenance operations, many are taking proactive measures to ensure the safety of their residents and staff.
More and more economists are predicting a recession is imminent as the result of the pullback in the economy caused by COVID-19. According to the National Bureau of Economic Research: “A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.”.
The situation seems to be changing every few hours, but as of right now, you are less likely to be impacted by the virus than by the massive economic impact caused by the knee jerk responses surrounding the virus. What does that mean? It’s difficult to cut through the fear and analyze a situation entirely […]. The post The Anatomy of How Fear Will Cause the Corona Recession appeared first on Ideal REI.
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.
Upwardly mobile baby boomers had a mantra of “More space!” as they looked for larger homes to accommodate growing families and increased possessions. Now, as empty nesters look to downsize, they’re headed in the opposite direction. How can you best serve home buyers in their period of transition? Here are five helpful tips for real estate […].
East Boca Raton FL Single Family homes sales for the 4th Qtr 2019. How did homes sell in East Boca Raton FL for the 4th Qtr ending 2019 – here is the reported statistics for East Boca Raton FL Real Estate Market; single family homes sales in East Boca Raton FL. Was the market up or down or no change? I’ve been reporting on home sales in East Boca Raton throughout the years trying to keep East Boca Raton residents and those wanting to move to East Boca Raton informed on local Real Est
As the COVID-19 pandemic continues to evolve in the United States, social distancing and shelter in place mandates have been created in numerous states and localities to help combat the spread of the virus. Many residents are working from home and spending most of their time indoors, which means property managers are having to work harder to streamline communications and carry out their normal processes effectively.
As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.
I started my career in the real estate business in 2009, the bottom of the Global Financial Crisis. It’s been a historic 10+-year run for the multifamily sector. The combination of economic growth, organic rent growth, compressing cap rates, and sustained low interest rates lead to great returns. That’s easy to say looking backward. There were many moments over the past 10 years where it felt like pricing was frothy and the music was ready to stop.
As COVID-19 has evolved into a pandemic, many businesses — big and small — have been forced to close their doors, causing a spike in unemployment. According to USA Today, a record 6.6 million people have filed claims for unemployment in the United States in the past few weeks, and this number is only expected to grow. . Many property and community association managers are concerned about their residents health, safety, and financial well-being.
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