The Red Flag of the Recession

Property management is a unique industry that even though it's not 100% recession proof, it could still be affected. "One of the things that we should have been more prepared for was the number of job layoffs and then what that meant in terms of vacancies," he says. The other thing that we could have done too is probably work with the owners a little bit more diligently in terms of getting them to maybe reduce their tenant's rent"