Your real estate agency’s rent roll is often described as its ‘bread and butter’. While vendor sales results deliver highs and lows, managing properties on behalf of investors creates a steady income stream.

Your rent roll can sit on the sidelines and be an incidental revenue stream or it can be a stand alone business that generates significant profits and helps you thrive throughout uncertain economic times.

As more and more professionals embrace the idea of a flexible working life, the real estate industry is seeing a rise in independent operators.

This includes one-person real estate agencies as well as independent property managers.

The COVID outbreak of 2020 forced the Australian economy into a recession for the first time in over a decade. While we have always seen the pendulum swing back in the past, some businesses haven’t been able to survive the financial pressure caused by the virus outbreak.

‘Pivot’ and ‘adapt’ are the war cries of businesses and real estate agencies during COVID-19. Fortunately, this is more than possible thanks to flexibility and clever thinking.