RCRE - Managing Covid-19

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5 • 831 Ratings

🗓️ 25 March 2020

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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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

Transcript

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0:00.0	Welcome to the RAND CRA show commercial real estate with no stone left unturned.
0:09.7	Hey everyone, welcome to the RANDCRE show. I'm Mike Tarvella and I'm super excited to announce our new co-host,
0:19.4	the head of Rang Capital himself, Will Coleman. Will, how's it going?
0:23.8	So will, Mike, just run the marathon one step at a time. How's it going with you?
0:27.9	No, just living the dream, making it happen. Before we get started, I just wanted to remind everyone
0:33.3	that the show is sponsored by RAN commercial real. Here at Rand CRE, we offer a vertically
0:40.0	integrated investing firm and advisory group that helps passive investors find passive investments
0:47.0	in real estate, more importantly, too, helping our active investors when it comes to financing.
0:52.6	So if you have any questions, feel free to reach out to RANCRE. The more importantly, I want Will to give the bio and the intro to our
1:00.1	wonderful guest today. All right. So today I'm pumped to have this guest. This is Jennifer Outland.
1:06.0	She's the regional manager here at RAND property management, which just has just over 50 employees.
1:12.2	She's responsible for overseeing the day-to-day operations for the RANCEO-R portfolio,
1:17.4	which has approximately 1,600 units.
1:19.7	Jennifer, welcome to the show.
1:21.5	Hey, it feels great to be here.
1:23.0	Thanks for having me on.
1:24.4	There's a lot of stuff going on right now now and I'm ready to share some some tips
1:29.4	and help everyone deal with this time right now. I like it. So I think I think Jen, what
1:35.8	Jennifer's trying to say is with the COVID-19 virus. I think this is her one little break from it
1:42.2	because she's just been digesting knowledge
1:44.9	on a webinar Monday with over 430 people telling our property management team of over 50
1:51.8	people like Will said.
	...

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