{"id":846,"date":"2019-09-03T08:33:50","date_gmt":"2019-09-03T15:33:50","guid":{"rendered":"https:\/\/latchel.ticksites.com\/wp2\/?p=846"},"modified":"2019-09-03T08:33:50","modified_gmt":"2019-09-03T15:33:50","slug":"ways-to-cost-control-property-management-in-looming-recession","status":"publish","type":"post","link":"https:\/\/latchel.ticksites.com\/wp2\/ways-to-cost-control-property-management-in-looming-recession\/","title":{"rendered":"Ways to Cost Control Property Management in Looming Recession"},"content":{"rendered":"

After a record length 10 year economic expansion, an upcoming recession is certain in the eyes of economists. Given that in many ways, the wounds are still fresh from the last recession, the idea of what the next contraction will bring is spurring some natural anxiety.\u00a0\u00a0<\/span><\/p>\n

Deep Breath.\u00a0<\/span><\/i><\/p>\n

Though, it\u2019s <\/span>not projected to be as long or as heavy hitting<\/span><\/a> as what we saw in 2007 – 2009, nor is it expected to have a grossly negative impact in real estate and housing, if any effect at all according to some.\u00a0<\/span><\/p>\n

Exhale.\u00a0<\/span><\/i><\/p>\n

So, what exactly would it effect? And what can you be doing to keep your property management company and\/or investments as cost effective as possible during the downturn?<\/span><\/p>\n

Before we dive into that, we need to understand why a recession is so clear in the crystal balls of economists. <\/span>According to the 2019 Zillow Home Price Expectations Survey released in June, <\/span>50% of the surveyed economists, investment strategists, and housing market analysts believe the next recession will begin in 2020<\/b>, with 19% predicting it will begin in the third quarter.\u00a0<\/span><\/p>\n

The market runs in cycles, so a low tide in the near future is imminent just by natural law. Predictions of it happening at any given moment now come from a few different indicating factors:\u00a0<\/span><\/p>\n