Digitalising Real Estate Lockdown Real Estate Guide | Page 12

LEGAL Collaboration in the time of COVID-19 What estate agencies need in order to successfully work remotely JAN DAVEL I n times of crisis there is usually the opportunity to emerge stronger and better. In this case, organisations have a chance to embrace new ways of working that allow their people to work safely in any conditions. Online collabora- tion platforms that automate routine business processes and get the job done, wherever they’re working from. Now more than ever, property rental agencies will have to keep delivering a high-quality, personal service with minimum personal contact – and the entire industry will have to adapt to make that possible. But is your business set up for it? Managing a winning distributed team isn’t just about giving each employee a laptop and a fast Internet connection – it’s also about the processes you use.  Three tips to remote working without compromising: 1 Access to real-time updates You can get your weekly reports delivered as usual, but it’s easy to forget about all the informal confirmation checks that happen in a property management office. Removing your team from their natural environment means they no longer have that real-time information.  When people don’t have all the information, they often make bad decisions – or no decisions at all. The first ingredient of successful remote collaboration is real-time information sharing. If employees receive live business data, they can make good decisions immediately – not in two hours’ time when they get a reply. 2 Sharing information When you have silos of unshared information in your business, it makes you vulnerable. Centralising information also means waiting for updates. While monthly reports might be OK now, that’s only because you can also ask your team for information face-to- face between reports. With a distributed workforce, getting that information together takes longer – assuming you can do it at all. A successful remote team needs to pool information as it comes in, not silo it. That way, everyone can do what they need to do without waiting for confirmation first. 10 COVID-19 - 2020 3 LANDLORD-TENANT The rules for rentals during lockdown Tracking activity If your team isn’t sitting in front of you, you probably don’t have visibility of what everyone is doing. This isn’t about productivity, it’s about knowing which tasks have been done and which are still in progress. When you can’t see what everyone is up to, coordinating who has done what is hard – but as a responsible business owner you cannot afford to fly blind. Remote working doesn’t work unless team members keep each other updated on the tasks they’ve done and keep track of what no-one has got to yet. Having a centralised system for tracking this isn’t just a nice-to-have – for a distributed team, it’s a necessity. Solving the problem of remote collaboration None of us can afford to think that our old strategies will always see us through – but by adopting new strategies and new technologies we can continue to work effectively and deliver great service even at a distance.   Because PayProp is designed to be used from anywhere, on any device, it is a powerful remote working tool for property management companies. PayProp is directly integrated into the banking system, so our clients receive real-time banking information – letting you know who has paid, when and how. And while you can limit data access individually for each user if you prefer, you can also share all that live data with every employee so that everyone is on the same page at all times.  Lessons for later While it may be difficult to look beyond the current headlines at the moment, it would be a mistake to think of these as temporary adaptations. The advantages of real-time data sharing, easy remote working and live activity tracking will still be there long after Coronavirus has passed. By adapting to the current situation in the right ways, we can also work together more effectively when we are back in the same room again JAN DAVEL CEO, PayProp, a leading processor of rental payments for the property management industry, which serves a large and diverse customer base of letting agents. SOURCE Payprop T he lockdown situation has left many tenants and land- lords in precarious positions. Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett, ad- vises that each party take some time to clearly understand their rights and responsibilities over this period. “The Minister passed a Government Gazette that places a moratorium on eviction orders for the duration of the 21-day lockdown. This means that, even if the landlord is in possession of an eviction order, he/she cannot execute/action the eviction order for the duration of the 21-day lockdown. This also means that tenants are not allowed to move out during this period,” Goslett explains. Unless you and your landlord have come to an agreement, Goslett clarifies that rent still needs to be paid as per normal. “While a tenant cannot be evicted during the 21-day lockdown if they fail to keep up with payments, they can be forced to vacate the premises once the lockdown period is over (depending on the terms in the lease agreement). If the tenant is having difficulty paying rent, I would strongly encourage them to communicate this with the landlord so that they can possibly come to a mutually beneficial payment plan,” he advises. Tenants are also cautioned to consider the negative effects an eviction will have on their credit score as well as their ability to rent another property. “Not only could being evicted make it trickier for a tenant to successfully apply for new tenancy, but it could also affect their credit score if the landlord obtains a debt judgement against him/her for the missed payments. This will greatly impact the tenant’s ability to acquire home finance at a later stage,” Goslett explains. Subsequently, Goslett again encourages all tenants to be in contact with their landlord if they are unable to pay their full rent during the lockdown. “I also encourage all landlords to be accommodative where possible during this difficult time. If the landlord can afford it, allow the tenant to take a payment holiday or to suggest a payment plan that could suit both parties. At the end of the day, we are all facing the impact of this crisis together and should do what we can to help each other get through these trying times,” he concludes. SOURCE Re/Max of Southern Africa COVID-19 - 2020 11