It’s not hidden that economy has been a bit of a mess since the onset of the COVID-19 pandemic. COVID-19 took a massive toll on global economic conditions, creating a slowdown for almost all industries, including real estate. In the current scenario, money is tight, especially for real estate owners. And that can make it hard to stay on top of your game when it comes to managing your properties.
In the aftermath of the COVID-19 pandemic, real estate owners have had to deal with a great deal of uncertainty. The US witnessed a massive economic slump following the pandemic.
In fact, the Bureau of Economic Analysis (BEA) estimated that real gross domestic product, which is the biggest indicator of the economy, declined at an annual rate of 5% in the first quarter of 2020 and started at 32.9% in the second quarter.
The above figures mean that real estate owners will have to be cautious about their business plans and focus on how to…
