fbpx
Connect with us

Executive Voice

Dallas Basha On How COVID-19 Has Impacted The Real Estate Industry

We recently had the opportunity to talk to Real Estate mogul Dallas Basha about how the COVID-19 pandemic will and already has impacted the Real Estate Industry in America.  Here are our key takeaways from that conversation.

What Are The Impacts Of The Lockdown On The Real Estate Industry And How Have You Overcome Them?

As a real estate owner, the lockdown has impacted the industry and our portfolio in several ways. For one, the process of acquiring new properties changed. Currently, we are purchasing an apartment complex with tenants living in the building. During our property inspection, we have to be extra careful when engaging in these spaces since other people live there. Some other challenges fall in the due diligence process. Third-party inspectors or contractors may be unable to visit the property due to the pandemic, which can delay the overall process and impact the contingency period. These are things we have to keep in mind when buying property.

For properties already under management, we have taken extra precautionary steps to assure tenant safety. Luckily our properties have not been impacted by late tenant payments. However, this is a big challenge with the industry – specifically in retail. The real estate owner still has to pay the mortgage, insurance, and property taxes. In the event, the owner cannot make their mortgage payment. They have to negotiate with their lender. Most of the time, they will either delay payment or restructure their terms altogether.

Here are Dallas Basha Top 3 Tips for being productive at home:

1. Create a separate workspace outside of your bedroom. I like to have a desk near a window to get natural light and fresh air. Not having defined spaces can blur the lines between work and play and makes it more challenging to unwind at the end of the day, which can be exhausting mentally.

2. Take breaks. Just because your home does not mean you have to work 24/7. Yes, you may think you’re super productive, but if you haven’t moved from the same spot in 4 hours, you are most likely doing more harm than good. 15 minute breaks every hour or so is right for you both mentally and physically, even if you’re getting up to get a glass of water.

3. Dress to impress – even if you’re not seeing anyone. Psychologically dressing up gives you more confidence and creates the setting that you are there to work. Leave your pajamas in your bedroom and put on clothing that makes you want to close a big deal. It makes a difference.

You can follow Dallas Basha on Instagram here.

 

As an organization, we exist to empower the new generation of thought leaders, developers, creators, digital marketers and entrepreneurs, to learn new skills, grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. Our global campuses and pop-up workshops will help to eradicate poverty. We are part of a global movement to increase diversity in tech and grow new economies in underserved communities around the world. We enable millennials to become what they want to become in life by learning new skills and leveraging the power of the digital economy. We are living proof that all you need to succeed in this new economy is WiFi and a dream.

Advertisement

Join Disrupt Magazine

Become A Disrupt Contributor

Most Disruptive

Politics3 weeks ago

Brock Pierce Wants To Disrupt The Two Party System And Be Your Next President

We don’t usually cover politics much here at Disrupt, but when Crypto billionaire and friend of the show, Brock Pierce...

Business2 months ago

John Mcafee – Predictions For The Future

John McAfee is a world-famous tech CEO, computer scientist, civil disobedience activist, privacy advocate, and pioneer of the commercial anti-virus...

Finance4 months ago

Gaby Wall Street – Teaching Latinas to Thrive During The Crisis

It’s no secret we are facing one of the most challenging financial times of the last few decades as we...

Entrepreneurship4 months ago

Tony Delgado – The #1 Entrepreneurship Movement In Puerto Rico

Puerto Rican online market is in constant progress. With many entrepreneurs who are coming here to start a business, it...

Entrepreneurship6 months ago

Elena Cardone – The 10X Ladies Conference Is Declaring 2020 The Decade For Women

The next ten years are meant for women to continue growing their potential and succeeding in multiple areas, including business....

Marketing12 months ago

How Josh Elizetxe Built Snow Into a $40 Million Dollar Business

There is nothing quite like an entrepreneur’s determination when starting a business. That’s my original quote by the way (pun...

Entrepreneurship1 year ago

How Jason Capital Became A Self Made Millionaire By 24

Have you ever wanted to earn the respect of everyone who ever looked down on you at some point in...

Entrepreneurship1 year ago

Sam Bakhtiar On His Way To A Quarter Billion

Dr. Saman Bakhtiar, who prefers being referred as Sam, lives in an 8200 square foot $5.2 million house, Sam is...

Trending

Copyright © 2020 Disrupt Magazine

The Disrupt Magazine & Podcast tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience. This Podcast was designed to give them a taste of that.