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:
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
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