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

Become A Crypto Expert

Join Disrupt Magazine

Become A Disrupt Contributor

Most Disruptive

NFT1 week ago

Polly Kole, The Beauty With Gifted Hands Tycoon Of NFT Sculptures

In a society full of stereotypes, people clinging to appearance and disregarding one’s achievements is the magnificent Polly Kole stunning...

News1 month ago

Spider Man; No Way Home’, Crushes Box Office Estimates Generating A Mammoth $253 Million In North America.

After only 3 days in the cinemas, the latest and last Spidey outing disrupted the international market as the highest-grossing...

Cryptocurrency1 month ago

Nike just bought a virtual shoe company that makes NFTs and sneakers ‘for the metaverse’

Nike, the sportswear mogul, recently stunned the globe as it moved into the realm of the metaverse industry and blockchain...

QR code screenshot QR code screenshot
Diversity in Tech2 months ago

BTC did 62% more in transactions than PayPal this year

MasterCard and Visa have always topped as the runaway leaders; however, Bitcoin’s Lightning Network will soon disrupt this norm. Starting...

high angle photo of person holding turned on smartphone with tall buildings background high angle photo of person holding turned on smartphone with tall buildings background
Social Media2 months ago

How to Organically Grow Your Social Media Following In 2022

Instagram On Instagram, use Reels to reach new audiences and grow – find popular sounds and use them in your...

gold-colored Bitcoin gold-colored Bitcoin
Cryptocurrency2 months ago

Julio Domenech On How Banks Can Engage In Bitcoin in 2022

As cryptocurrency continues to become a popular trend in the US, many people are looking for an opportunity to participate...

Diversity in Tech3 months ago

Microsoft Teams, Incorporating New 3D Avatars And Virtual Meeting Spaces Before Mid 2022

Microsoft Mesh has always led as the future of Microsoft Teams meetings. However, Meta, the newly launched Facebook company, is...

Health + Fitness3 months ago

Stephen Campolo – How A Former Fat Kid Transformed His Body And Is Now Helping Others Do The Same

UPDATE: During a recent interview with Yahoo! News, Stephen revealed that he will be speaking at the next Disrupt Puerto...

News3 months ago

Facebook Goes Meta As It Scales Up Beyond Just Social Media

Thursday 28 September 2021, Mark Zuckerberg, the CEO of Facebook, announced Metaverse, a brand for users to interact in virtual...

JaeLz JaeLz
Entrepreneurship3 months ago

JaeLz “No Titles”

JaeLz I’m an independent singer/rapper and songwriter. My Artist name is JaeLz. This article is about my Journey and how...

Trending

Copyright © 2020 Disrupt ™ Magazine - Disrupt is a Minority Owned Privately Held Company

Disrupt ™ is the voice of Latino entrepreneurs around the world. We are part of a global movement to increase diversity in the technology industry and we are focused on using entrepreneurship to 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 a landing page and a dream. Disrupt 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.