General COVID-19 Discussion:
5:50: This is not our new normal. This is a very temporary situation.
7:55: You don’t want to make rash decisions that are going to affect people just because you yourself are anxious.
What is a Black Swan?:
12:10: A black Swan is an extremely unlikely event or unpredictable. Like 9/11 for example.
What Black Swan Events Bring:
15:30: The first thing that goes away in an economic crisis is the ability to get credit. So it’s critical to have cash reserves.
19:51: If our residents lose their job and have been great for us, we’re going to work hard to keep them.
25:40: Remember that there’s always going to be value with the assets we’re buying. People are always going to trade cash for something of value.
27:01: Stewardship Properties is not thinking about the worst case scenario right now. We’re planned financially out 12-18 months in advance.
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