Covid-19 Real Estate Strategy
To those of you out there on the principal side, what kind of policies or plans are you putting in place to deal with Covid-19? I'm hoping to crowd source some best practices here.
Some things we have implemented:
-
Cutting business travel, handling OACs via conference call, and doing site walks via drone or video call.
-
Working with property management on plans to run our properties on a skeleton crew while guaranteeing wages to hourly workers.
-
Increasing advertising and incentives for potential to try and get at least some traffic and leases signed, preferably online.
-
Reaching out to lenders and investors to work on contingency plans for potential 2-4 month construction delays.
What has your firm come up with?
Aut nihil a explicabo ipsa sit laborum quaerat. In occaecati quod fugit eaque. Est aliquam sed officia quas laudantium ex.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...