RCRE - Managing Covid-19

Mike Taravella and new co host Will Coleman interviews Jennifer Outland, the Regional Manager with Rand Property Management. Key Information: Keep a positive attitude because you need to be a rock to your residents, investors, and your team Put together a task force to help collaborate all team members and to have fast and consistent communication Have open communication with your residents regarding rent being due, which local employers are hiring, and other resources are available (211.org) We are providing not just a home and community with our residents Number one priority is to keep our residents and management safe Update policies and make sure you document, communicate, and verify team members understand changes Constantly communicate and over communicate in this dynamic and ever changing environment Having a plan of action helps dissipate the fear and uncertainty Jennifer is an absolute rockstar Government Stimulus will be a huge game changer for our residents to help them during this time Families First Coronavirus Response Act being passed to expand family and medical leave Ask your 3rd party property management meeting worst case scenarios during this time and how it affects your budgets   Expert Pro Tip: When looking at deals right now understand your market’s job sectors, delinquency, and COVID-19 infections during your due diligence period.   Contact Information: [email protected]     To register to invest with us: https://invest.randpartnersllc.com/invexp/accounts/login/     Rand CRE's Facebook: https://www.facebook.com/randcre Rand CRE's Linkedin: https://www.linkedin.com/company/randcre Rand CRE's Instagram: https://www.instagram.com/randcre

Episode 48 of the Jake & Gino: Real Estate Investing & Multifamily podcast, hosted by Mike and Will, titled "RCRE - Managing Covid-19" was published on March 25, 2020 and runs 32 minutes.

March 25, 2020 ·32m · Jake & Gino: Real Estate Investing & Multifamily

Summary

Mike Taravella and new co host Will Coleman interviews Jennifer Outland, the Regional Manager with Rand Property Management. Key Information: Keep a positive attitude because you need to be a rock to your residents, investors, and your team Put together a task force to help collaborate all team members and to have fast and consistent communication Have open communication with your residents regarding rent being due, which local employers are hiring, and other resources are available (211.org) We are providing not just a home and community with our residents Number one priority is to keep our residents and management safe Update policies and make sure you document, communicate, and verify team members understand changes Constantly communicate and over communicate in this dynamic and ever changing environment Having a plan of action helps dissipate the fear and uncertainty Jennifer is an absolute rockstar Government Stimulus will be a huge game changer for our residents to help them during this time Families First Coronavirus Response Act being passed to expand family and medical leave Ask your 3rd party property management meeting worst case scenarios during this time and how it affects your budgets   Expert Pro Tip: When looking at deals right now understand your market’s job sectors, delinquency, and COVID-19 infections during your due diligence period.   Contact Information: [email protected]     To register to invest with us: https://invest.randpartnersllc.com/invexp/accounts/login/     Rand CRE's Facebook: https://www.facebook.com/randcre Rand CRE's Linkedin: https://www.linkedin.com/company/randcre Rand CRE's Instagram: https://www.instagram.com/randcre

Episode Description