Posts Tagged ‘crisis management’

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 »

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 »