Anne’s work as a real estate agent
00:27 – Caroline’s introduction and Anne tells her story about her current situation in Chicago. She spends more time now enjoying her home office whereas before she was out a lot and didn’t cook at home much. Now she enjoys taking her coffee at home.
1:36 – Anne talks about her role at Compass where she leads a small team. They help people find income-generating rental properties and full-time residences.
2:20 – Anne explains what “income-generating” properties are. These are rental properties that have really good rental potential, where an owner can easily find a tenant for their units. Homeowners can get healthy returns on their investments.
3:09 – Anne narrates how COVID has affected real estate in general not only in their firm but the whole realty business in Chicago.
5:09 – But she explains the difference of their property amongst other real estates which is much more beneficial for their tenants because of the location and feature that is important during the quarantine.
6:36 – Caroline asked if there are still people buying properties during COVID. Anne answered, yes. The explanation entails, take advantage of buying these income-generating properties while the interest rates are low.
7:47 – Caroline asked, what are the safety measures in place during house tours since people are afraid to go out due to the pandemic.
8:05 – Anne and her firm introduced Virtual tours. Also, there are lots of showings using Lockboxes which are master lock key boxes that can hang on doorknobs or fences so the renter’s agent can access the key and unit themselves. They are also offering Virtual Open houses as well as some in-person open houses with masks, shoe covers, and gloves. They Limit the showings in tenant-occupied units for safety and protection measures. But what is great is that interest rates are very low so new homeowners and investors are taking advantage. And we all know once COVID passes these properties will increase the value.