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Entrepreneurial Lessons from the ’08 Recession with MaryAnn Hoffman & Andrew Dougill

The Property Management Show

CHAPTER

How to Prepare for a Recession

As earliest 2005, you kind of already started talking with some clients about like, you know, the market's gonna drop. You don't know when. And knowing that you had the cash reserves as well to weather out any kind of stagnation in either case and also like,You know, rent dropping alarmingly low, right? Prevents you from making kind of knee jerk business decisions that you may regret.

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