Written by Anna Avila, Abigail Huber and Lyndsey Howard who work in BBJ Group's Minneapolis office
By BBJ Group March 25, 2020
Written by Anna Avila, Abigail Huber and Lyndsey Howard who work in BBJ Group's Minneapolis office
You have braved the grocery store and added the phrase ‘social distancing’ to your daily lexicon. Knowing how to apply this to your business can be a challenge. If you are a property manager, now is the time to implement best practices to help make sure you and your tenants are prepared in the event of COVID-19 being identified at your property.
Your ability to adapt amid a pandemic will vary based on the nature of your building and the activities of your tenants. The fluid nature of the global COVID-19 situation adds an additional level of complexity when you start to look for reliable information on property management in the midst of a pandemic.
Here we will discuss options for landlords and property managers looking to play their part in slowing the spread of COVID-19 at their properties, by outlining some procedures and policies you can introduce to help fortify your properties against impacts from the virus. Implementing such practices will have a few added benefits – including demonstrating a sustainable commitment to your tenants and community, and investing in the future value of your property, e.g., applying solid risk management and improving your property’s marketability and reputation.
Below are techniques we’ve seen leading property manager companies use in tackling this challenging problem:
Remember that the global understanding of COVID-19 is evolving. While it is difficult to anticipate the duration of the pandemic, it is important to remember that this situation is not permanent. Employees and tenants may look to you for guidance as we navigate this experience. Remaining organized will help your tenants stay calm. We recommend staying current on the situation by routinely monitoring information and resources shared by the CDC, WHO, and your local health departments, and communicating with your tenants accordingly.
Above all, flexibility is key. Multi-tenant buildings may require a multi-faceted approach depending on need. Patience and empathy will go a long way towards keeping your tenants happy and your facility safe.
And finally, after you’ve covered your immediate issues, there’s always planning for the future. Start developing a list of resources you’ll need to contact in order to get back up and running again.
Good resources to help property managers include:
https://www.cdc.gov/coronavirus/2019-ncov/community/guidance-business-response.html
https://www.osha.gov/SLTC/covid-19/standards.html
https://www.osha.gov/Publications/OSHA3990.pdf
Industry associations may also have COVID-19 advice and recommendations specific to your property type and tenant make-up. Keep these resources front of mind as well.
The COVID-19 pandemic is uncharted territory for all of us. By using good risk management and best practices in protecting your property and tenants, you will be better armed to face the challenges ahead.
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