Preparing for COVID-19

COVID-19 seems to be causing panic around the United States.  In Ohio specifically, stores are running out of hand soap, hand sanitizer, disinfecting wipes, and toilet paper.  Also, in Ohio, schools are shut down and sport events are limiting the number of attendees.  Some companies are even sending employees home to work instead of being in the office.  Schools and companies are taking steps to prepare themselves for this coronavirus.  What is happening in your area?

As a real estate investor, how are you preparing your company for COVID-19?  Of course, the top steps to follow to avoid this coronavirus include washing your hands and staying away from others when feeling sick. However, as a business owner what about making sure your employees remain healthy and your real estate investment business stays successful.  Do you believe it is important to stock up on supplies?  What happens if your employees take time off?  How will you get your rehab completed in a timely manner to earn the highest ROI?  I have heard from many parents that they are concerned about what to do if daycares are shut down.  Many parents are unable to take time off work and/or take their children with them to their place of employment.  Owning your own business, how would you handle your children not being able to attend daycare?

There are some many factors to consider when preparing for something that is causing panic around the world.  It never hurts to prepare yourself and your real estate investment business to the possibilities that could take place due to COVID-19.  It may be important to take the next few days to set a plan in place to answer those what ifs surrounding this COVID-19.

Even though this article by the National Association of Realtors is directed towards realtors, there are many ideas available that could be beneficial to you too. –