What The Coronavirus Pandemic Means for Agents & Investors & Why We’re Doubling Down
It’s surreal right now. We’re in the middle of the Coronavirus COVID-19 pandemic. It’s a big deal. Additional COVID-19 Articles: The Coronavirus Podcast Series: For Real Estate Investors & Agents How to Win with Content Marketing During COVID-19 – The Playbook Emerges During this article, I’m going to be talking about how you cope with these major changes in the economy, real estate, and the way that we’re working and living and thriving. Get Quick Context About This Blog Post Before Diving In… Listen to the Full Podcast Episode Below Now everybody’s going to be impacted in some way, shape, or form. But, you don’t have to be impacted negatively. There are people that I know, businesses that I know, that are actually doing better than ever right now because they’re geared and they’re set up and they planned for things like this. Or, maybe they just got lucky and they have certain products, of course, that are just in high demand for these times. I’m going to be talking about how to better prepare for what’s to come. How Do You Come Out on the Other Side of This Stronger? How do you as a real estate investor or agent plan and prepare for what is going to happen? I’ll be the first one to admit that I didn’t treat this seriously enough early on. I thought, it’s just this, like a lot of people were saying right, it’s this cold, it’s this flu. The flu numbers kill more people than this is killing. And that was honestly just a full misunderstanding of how pandemics work, a full misunderstanding of how math actually works in these types of situations. Preparing for the Financial Impact The financial side is what I want you guys to prepare for. What happens with all the shutdowns? The shutdowns are where the devastating part is on the financial side because there’s the health side of it, which is a huge deal, but it’s going to likely be shorter-lived, months rather than years. The financial side though is where it gets really, really interesting and possibly scary for many people. So if you have stay-in-place orders in California and Washington (now in Oregon) and all over the place, and kids are out of school here in Oregon until the end of April now rather than just spring break… That leaves over a month and a half to where parents have to figure out a way that they can work at home while trying to take care of their kids still. We’ve got team members who have multiple kids at home, who are working and they’re trying to do their best work. So we’ve put policies in place to give our team members more flexibility and more leeway during these times. And we said, “We’ll take it two weeks at a time during the next two weeks.” But, we’re not pumping the brakes. This is when we actually need to hit the gas more than ever to help our customers more than ever, to help you guys wade through and win in this market. And that’s where I’m going to come to next because there are so many people doing amazing right now still because so many people are pulling back and I’m going to show you guys exactly how to do that, but we need to be doubling down and helping you guys win even more right now, not pulling back ourselves and going, “Hey, let’s wait and see.” Don’t Pump the Brakes… Give It More Gas I think if you have a wait and … Continued