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Real estate investors like Shalom Lamm have a keen eye for the patterns that the real estate industry has exhibited over the course of the last four decades. The Coronavirus health pandemic has changed many investors’ perspectives of the industry. Indeed, technology has affected each and every sector, and the real estate industry is in no way immune to these changes.

Brick and mortar retail has been hit hard by the pandemic and the reasons are obvious. E-commerce platforms provide consumers with the unique ability to shop and engage retailers without having to worry about exposure to other people that might endanger them.

When it comes to the ways technology has therefore changed the real estate industry, the changes have indeed been substantial. The effects of the Coronavirus pandemic on the real estate industry will be severe, for many decades to come. This is according to Shalom Lamm, an expert in the real estate field.

The coronavirus outbreak has forced businesses to embrace the digital age through remote work. Unfortunately for managers and superiors, less contact can be a challenge, and adjusting to new proactive managing tactics can require more energy than they would like to expend. 

Adam Ferrari, a petroleum engineer and entrepreneur, earned his degree as a chemical engineer, graduating magna cum laude. After working in both the engineering and finance sectors, he decided to establish his own mineral acquisition company, Ferrari Energy, in Denver, Colorado. To manage effectively in a remote workplace, CEO Adam Ferrari says that business leaders should anticipate their manager’s needs and implement a strategy for a well-organized response. He goes into further detail on tips to help:

Review Common Remote Work Challenges

To gauge what supervisors need when it comes to figuring out the most effective guidelines for managing remote workers, the first move for any business owner should be to research and review common challenges of working remotely. The coronavirus has forced all businesses to revert to working from home, so you can likely learn from other’s mistakes. 

Identify Expectations and State Them Clearly

Every business has its own set of processes that allow the company to flow and function. With each process comes a list of expectations, and every company (especially those transitioning to remote working) should identify their expectations and clearly state them. 

Set Communication Strategy

When managers are working remotely and no longer have easy access to their team, it is crucial to implement alternate communication strategies such as Slack or Zoom. Have managers engage with the employees they supervise as often as possible while avoiding unhealthy micromanaging habits.

Practice Full Transparency

Clear communication comes with full transparency from all levels of a company. Just as employees’ expectations should be clearly stated, all business exchanges should be subject to the same expectation. Commit to embracing an open door policy. This means encouraging questions, providing supportive answers, and being open about issues or bumps in the road. This will lead to sustainable and effective team productivity.

Continue to Build Employee Relationships Remotely 

While it might be a more straightforward task to develop a relationship face-to-face, managers should continue to build solid relationships no matter where the employee is working. A remote worker’s relationship with management has a similar feel to that of a long-distance relationship and will require the use of technology to stay connected and engaged. It might require more commitment and time, but it will pay off in the long run if both parties are committed to making it work.

Set Aside Time for One-on-One Evaluation 

A great way to develop remote employee-manager relationships is to set aside time for both parties to engage in one-on-one evaluations. This allows management to evaluate employees’ work habits, efforts, strengths, and weaknesses and provides employees the opportunity to communicate what works best for them. One-on-one evaluations can be done quarterly, monthly, or even weekly. 

About Adam Ferrari

Adam Ferrari is an accomplished petroleum engineer and founder of Denver-based mineral acquisitions company, Ferrari Energy. After working in both oil and gas as well as finance, CEO and entrepreneur, Adam Ferrari decided to bootstrap his own business. Since the inception of Ferrari Energy, Adam Ferrari has established himself as an expert in mineral rights and acquisition and has used his success to give back to his community. Aside from his work as a CEO, Adam is a philanthropist who routinely donates to a multitude of non-profit organizations such as Freedom Service Dogs, the Denver Rescue Mission, St. Jude Children’s Hospital, Coats for Colorado, and Next Steps of Chicago.

The world is slowly shifting to a remote-heavy workforce, and with good reason. The recent viral outbreak has made it necessary to remain away from public gatherings and spaces until the danger subsides. Businesses stand to benefit from this as much as workers. Business News Daily notes that working from home increases productivity. Unfortunately, a lot of businesses don’t have protocols in place for hiring remotely. Public speaking personnel such as Dr. Prem Jagyasi are exceptions to the rule since their reputation speaks for themselves. However, for other staff, a business needs to figure out its hiring protocol for remote workers. This article will cover the things that companies should look for when hiring their remote employees.

1. Proactive Approach to Problems

The Harvard Business Review mentions that there are times when an employee should be proactive and when they should defer to authority. In a standard workplace environment, this is a valid case since the hierarchy exists to ensure that workers follow protocol. However, when an employee starts working from home, he or she can’t be in constant contact with their higher-ups as if they were in the same building. The onus for making individual decisions falls to the employee. Having a proactive employee in such a position can be a blessing to their direct manager and the business as a whole. Encouraging employees to make their own decisions comes with helping them understand the company’s vision and mission as a whole.

2. Direct and Rapid Communication

Employees should know when to communicate. In a remote environment, communication and accessibility are essential because some projects are on a strict timeline. Forbes suggests that communication should be fostered as part of the company culture if remote working is to succeed. Clear, concise communication skills, therefore, should be part of the package that a business looks for when hiring a new employee. They should be able to voice their concerns freely when necessary. Additionally, they should never be unreachable during work hours.

3. Teachability

Most university graduates are unaware of the work environment they enter in their first job. This response stems from the fact that university degrees don’t really teach students much; they just act as signposts that the employee is teachable. Teachability is a crucial component in finding the right fit for remote work within a company. Your business will grow and evolve as time goes by, and you need someone who will be able to adapt to its development. Teachability is a long-term consideration that helps you to find staff that benefits the business throughout their employment.

Not the End of the World

While the global economic slowdown has impacted businesses severely, they continue to operate in a limited fashion as they get used to the new restrictions. The world has changed, and industries have changed along with it. Hiring remote employees isn’t an option anymore. Having a guideline for what those employees should demonstrate sets a framework for hiring the most competent workers for your company.

The only other significant expense in a household other than food and rent is the power bills. Until one becomes a tenant or a homeowner, they can’t understand how quickly the electric rates are skyrocket. Luckily reliable utility providers such as TXU Energy are coming up with solutions tailored for different consumers. Even though such solutions result in less electrical costs, solar panels have gradually stepped-up to being a viable alternative.

 What Is Solar Energy? What Are The Pros And Cons Of Solar Panels? 

Essentially solar energy is electricity extracted from the sun. Without the sun, most living things would wither away, but the genius of solar panels, photovoltaic cells is to convert that heat and light into electricity. One advantage of this technology is that you can get some power even on cloudy days.

 Benefits Associated to Solar Panels   

The following are pros that a consumer is bound to enjoy upon installing a unit:

• A house with solar panels fetches more money.
• Over time the electric bills become less and less.
• Going the solar way is excellent for the environment.
• Attractive solar energy-related tax refunds and discounts.
• A safe investment that pays off eventually.

 Main Disadvantages Associated to Solar Panels   

Below are the cons one should expect from owning a solar panel system:

• Initially, it was a vast expense to install a proper solar panel system.
• It may take years for the return of investment to show a profit.
• For the optimal output, they require a precise design of the roof.
• Weather Dependent: solar panels are dependent on sunlight, so bad weather or cloudy days can affect the efficiency of the system.
• Power providers are providing some competitive alternatives to solar panels.

It is effortless for a homeowner to doubt whether they’re making the best investment by going the solar panel route. Typically adapting to change needs time because the receiving party wants to see a successful application before committing. The successful applicant should be achieved in a similar environment as the potential client. For instance, research suggests that once one home installs the panels, it’s only a matter of time before all surrounding roofs feature the solar panels.

 Are Solar Panels Worth the Investment? 

The short answer to this inquiry is that it depends. The vital factor to remember is that solar panels are not for everyone, even though the government pushes residents to embrace technology more.

 Here are the reasons why it’s necessary to get solar panels installed on your property: 

• The regular electric expenses are going through the roof.
• Your house relies on the availability of stable electricity.
• You happen to be a strong advocate for the betterment of the environment.
•   It’s a worthy business expense.

To understand the logic behind solar panels’ investment, you need to know the actual expenses involved in the endeavor.

 What Are the Numbers Behind a Solar Panel Installation?   

Solar panels are sold based on watts, and typically one of them may set you back between a dollar and $3. But a serious buyer may consider the price based on either 10 kilowatts or six KW instead of per watt.

A minimum for six kilowatts based on cost per state is about $13,000 and twenty-two thousand per 10 KW. However, the tax credit has not yet been applied to these numbers. On average, the installation of a single panel will cost about $50 less than $300. That includes everything from the roof to a bright light bulb.

Statistics are not consistent, but going the solar panel route may lower your electric power bills 50 percent over the years and by 100% eventually.

 In Conclusion   

Although the initial capital needs deep pockets, the solar panel business is a long-term game.