Well, What's happening in real estate today. Another day feels like it's been another week. Lots of things happening, as you all know or should know by now. And if you don't, I'll tell you now. Open homes aren't allowed to happen anymore and neither are options. So those two features of the industry are now on hold. So it doesn't mean that we're out of business. A lot of media outlets have given that impression that we have to close down. We can't do anything. Well, that's not the case, Auction campaigns for the sales agents. They can be run virtually, which a lot of agents pivoting and changing to right now to get their properties sold and property management. What I'm more concerned about with open homes is it's still business as usual. We've always run private inspections when necessary. And now that's just the run, of course, now. So every property can be inspected by private appointment only. So no open homes. And of course, that's to be at keep social distancing. And we'll we will maintain that through private appointments. And it's something we're doing. We've already leased some some properties this week by doing private appointments only. And to be honest, a lot of agents already started implementing this policy a couple of weeks ago for the safety of staff as well as the public. So it's really business as usual. We knew this. This was coming and we had to prepare for it.
So if agents weren't, then they really were behind the times already. So on a positive note, it doesn't, it's not all doom and gloom, although we have had tenants contacting us asking for rent reductions, which was to be expected. And we've been speaking to owners about this and we're all being mindful of what the situation is. The owners can be in the same situation. Some owners are tenants as well. So they're getting it from both sides. It's something we need to be mindful of what's happening. It's it's something that's happening to all of us as a society, as a community. So it's a process I've gone through as tenants, contact units and owners. We're working through the process.
And as the government comes out with the packages, we have to help. We'll work through this. So this too shall pass just like everything else in life and we won't be able to move on. But yes, it will be painful at the moment. And it's just a matter of us being able to work through it. But on the positive note, properties are getting leased.
People need to live in a home, in a dwelling. And if we can't keep them in the current ones where they are, if they need to leave whatever reason, and then we'll find them alternative accommodation.
We've already leased some properties this week and its people are downsizing from more expensive properties to cheaper ones. They are moving to different areas for new work opportunities. So all of these things will happen. So it's a lot of change all happening at the same time. So as long as we're all communicating and being mindful of what everyone's situation is, then we'll be out to move on with life and get everyone to be in the situation and the position that they need to. So quite happy to have a chat to anyone. If you're a tenant or an owner or anyone who just needs to have a better understanding of what's happening in the industry and how we're operating. Please reach out.
I'm currently working from home, but we've been in a position where we've been a mobile workforce for a while and not being based in that office. So if anyone wants to talk about how we did that, happy to discuss. So please reach out. Talk to us any time. Thank you.
