Posts Tagged ‘covid19’

BUSINESS DEVELOPMENT IN A CRISIS – HOW TO GROW YOUR REAL ESTATE BUSINESS

There is nothing like a crisis to throw your well-laid business plans into chaos. There isn’t a business globally that hasn’t been affected by the Covid-19 pandemic. Depending on how you look at it you can either be at the mercy of the situation and let it take hold of you and potentially destroy your business, or you can look it in the eye and say, “challenge accepted”. While many businesses have no choice but to cut costs and lay off staff currently, others will be adopting a ‘just in case’ mentality and cutting expenses due to the unknown circumstances we are all facing, while others are probably reacting to well-meant financial advice. Usually, the first thing to go is money or budgets for advertising and marketing, but is this… Read More »

HOW TO DEAL WITH RENT ARREARS AND NEGOTIATING A RENT REDUCTION IN COVID-19

Since the Australian Prime Minister Scott Morrison announced the Covid-19 moratorium on evictions, property managers and investors have had one single thought on their minds, what is this going to mean for rent arrears? Rent Arrears is probably the single biggest stress and cause for angst for property managers, business owners, and landlords, largely due to the spiraling effect the non-payment of rent means for everyone involved. For Queensland, our worries have been alleviated somewhat, with the Government announcing new temporary legislation concerning the boundaries for the rental properties and the pandemic. The good news is that a tenant now has to prove their financial hardship as a direct result of Covid-19 as the first criteria, the next criteria are that they have to show a 25% reduction in income… Read More »

WORKING FROM HOME AMIDST THE CORONAVIRUS CRISIS

Currently working from home and struggling to get into the zone? With the coronavirus madness forcing more and more businesses to shut up shop and work from home, it is more important than ever to ensure you have set up a productive home office in the interim. Here are our top tips and suggestions that will help you get the most out of your workday at home. ESTABLISH A CLEAR WORK ZONE You will want to set up a clear workspace, away from any distractions. You want to try and not mix work with your usual home routines. Establishing clear boundaries will help you stay more productive when completing work tasks. Also, make sure you inform the family/housemates of your workspace to avoid later conflict. You will also want to… Read More »

DEALING WITH RENT ARREARS IN THE CORONAVIRUS

It’s the hottest topic in Property Management amidst the Coronavirus pandemic, how are we going to deal with Rent Arrears and financial hardship? It may seem overwhelming right now, but rest assured with some thought and planning there are solutions. The important thing is to not ignore the situation and start looking at your business or property management processes and see what needs to be addressed first. Spend some time and develop clear steps for dealing with the different scenarios that are likely to present themselves. Importantly make sure everyone from your team, landlords and tenants are all on the same page with the plan of attack and deal with each case that is presented on its own merits. The Government is still working on addressing issues with tenancies and… Read More »

CORONAVIRUS – OUR TOP TIPS FOR CONTINGENCY PLANNING DURING THE PANDEMIC

Pandemic… it is such a fear-inducing word, isn’t it? While some of us may be feeling the world has gone crazy, others might be thinking rightfully so, it is a Pandemic after all, but despite where you stand on the topic one thing is certain you can’t avoid the issue. We are entering unprecedented times and the waters we are about to navigate are unchartered, but now is not the time to stick our heads in the sand. Certain things may be out of our control, but we need to take stock of what we can control and focus on ways to move forward as an individual, business or community in this time of crisis. Yes, it is a time of crisis, but don’t be paralysed by the fear, this… Read More »