Real estate businesses are no strangers to the need for resilience in the face of adversity. While most may have a gameplan for dealing with unfavorable market conditions or regulatory uncertainty, how many are prepared to weather adversity caused by Mother Nature? In this episode, October Research Chief Knowledge Officer Mary Schuster spoke with Mike LaRosa and Aaron Davis of the Florida Agency Network about their first-hand knowledge of the importance of being prepared for a crisis, having managed to maintain operations through two hurricanes in short succession. The experience of helping clients complete closings on their new homes while they and many of their staff were temporarily displaced from theirs was harrowing, to say the least. Fortunately, they received help as well from the close-knit title business community. Learn from their ordeal how proactive strategies and communication proved crucial to navigating unprecedented challenges.

Chapters:

00:00 Navigating the Storm: Initial Reactions and Preparations

09:50 Lessons Learned: Adapting Disaster Plans for New Challenges

17:29 Financial Resilience: Preparing for Revenue Losses in Crisis

18:53 Preparing for Financial Challenges in Crisis

20:20 The Importance of a War Room

24:43 Community Response and Relief Efforts

25:04 Navigating Post-Disaster Real Estate Challenges

30:07 Long-Term Impacts on the Real Estate Market

33:29 The Role of Communication in Crisis Management

36:29 The Importance of Disaster Preparedness

37:28 Resources for Effective Planning

Get In Touch…

For more on this topic, provided by the Florida Title Network, follow these links:

https://flagency.net/must-know-list-before-a-hurricane-strikes/

https://flagency.net/tips-for-closing-on-your-home-during-a-hurricane-or-tropical-storm/

Mike LaRosa (guest), [email protected]

Aaron Davis (guest), [email protected]

Mary Schuster (Host), [email protected]

To find more episodes of “Keys to Real Estate” or learn more about October Research – the nation’s leading independent provider of market intelligence, industry news, expert analysis and regulatory information for professionals in the real estate, title, financial and settlement services industries – visit www.OctoberResearch.com.

Episode sponsored by Closinglock – https://www.closinglock.com

Episode produced by October Research – https://www.octoberresearch.com