Business
Coronavirus: IT Companies Counter the Pandemic with Remote Development
The World Health Organization (WHO) has declared the outbreak of the coronavirus a pandemic. Despite a positive trend in fighting the viral threat in China, it has now spread throughout the whole world. Stock markets and world economies react to infectious cases reported in different countries.
Quarantine or home office?
Today, the virus is spreading all over the world. In mid-March 2020, the number of confirmed cases of the novel coronavirus reached over 150,000. Numerous economic problems affecting all spheres of business have been revealed amid the global threat. These problems are directly related to the distribution of human resources. An effective way to combat the virus is to minimize the possibility of its extension. This means isolating people, cancelling mass events, closing cinemas and factories, and recommending against public transport and communal office work. Creating conditions for remote work is the only right decision for the commercial sector in this situation to overcome the crisis caused by such pandemic.
Artezio CEO Pavel Adylin believes that transition to remote work is a modern trend, and not just a response to COVID-19. He believes it could make people consider a new model of work.
“IT companies nearly always use practices of remote software development. Due to high competition in the labor market, it became a difficult struggle for qualified employees in a particular city or country to find work in their area. The industry now, for the most part, employs people remotely, regardless of their location. It erases a competition problem and at the same time speeds up building a team because it is easier to search for specialists in several cities or countries simultaneously, rather than in one place,” says Pavel Adylin.
Anna Znamenskaya, Chief Growth Officer at Rakuten Viber notes that over the years it has been discussed that a lot of companies are gradually refusing traditional office work.
“And it has nothing to do with situational reasons. Remote working has its benefits: employers can save on renting office space, providing employees with lunches, etc. At the same time, employees don’t waste their time on the daily commute or breaks with co-workers. The world IT giants like Apple and Google realized it long ago, and we should note that both these corporations are doing quite well. So why can’t others work in the same way? The most important thing is to identify employees who are able to perform their professional duties away from leadership. This is the task of the HR Department and a question of time – if an employee is able to prove they are an efficient worker regardless of environment. If this is found to be true, there is almost no difference from working in an office,” she says.
Artezio HR Director Iryna Dyachenko believes that IT companies have been implementing remote working practices for quite a long time. The coronavirus has just made the convenience of this method obvious.
“The practice of working from home to some extent exists in companies without the raging virus, which doesn’t stop their operations. Therefore, in a situation when there is a high risk of deterioration of the epidemiological environment, it makes sense to allow the maximum amount of people to work from home. It prevents people from using public transport where the risk to catch the virus is much higher than in the office. In most IT companies, the required infrastructure naturally allows for remote work. The most important thing is that employees should have well-equipped working places that won’t reduce their labor performance. In my opinion, it depends on the person, whether they will be able to self-organize. Some people introduce a kind of home ritual – when you put on green sneakers, then you are at work. After you take them off at 7pm, that means you are at home. In some situations, work may be disturbed by kids or family members, then, of course, the working efficiency will decrease. An ideal situation is when a person can organize a working process in a separate room where no one will distract them from work, but not work in the kitchen having tea with the family,” says Iryna Dyachenko.
IT companies – work with no risk for health
The coronavirus pandemic has shown that IT companies respond faster to situations that threaten employee health. While other companies may find it difficult to allow their employees to work from home, the IT sector has been ready for the quarantine a long time ago. For a significant amount of time, companies have had the implementation of tools for distant access to working resources. Today the demand for cloud solutions and remote work services is predicted to increase.
In the case of a pandemic, an even larger number of people will have to stay at home and work remotely. For this reason, there will most likely be an upsurge in company demand for organizing remote working places for employees.
“For companies that have the infrastructure for remote work, it won’t be difficult to shift at least a part of their employees to work from home. If a company is able to provide remote access to corporate e-mails, shareable resources, document management, such a decision won’t lead to large costs. In tech companies, the trend for remote work has existed for a long time, the mechanisms for effectively providing such work have been developed and successfully applied. The efficiency of the work itself mostly depends on employees, their responsibilities, ability to adjust to working processes at home and avoid distraction,” says Maxim Burtikov, Director at RIPE NCC.
It turns out that IT companies today could contribute to disease prevention, believes Artezio CEO Pavel Adylin.
“Remote software development is at the core of our business. For this reason, we talk about distance work not just in relation to measures for providing the quarantine that in many countries has not been enforced yet. Yes, IT companies are in a favorable position and are able to quickly move working processes beyond local offices. When we decided to allow the majority of our employees to work remotely, we were confident that the work on projects would continue with no loss in quality. We apply a wide range of tools, available to other companies as well, to maintain the working efficiency on the required level. Among them, remote testing equipment, distributed knowledge bases, audio and video communication means, task management and control systems. For us, a possibility for remote work is not a drastic measure during the epidemic, but a tool that is applied daily. Today there are 7 development offices in the company distributed in different cities of Eastern Europe. Project teams can be formed with specialists who are based several thousands of kilometers from each other, and it doesn’t affect working efficiency in any way.”
What to do next?
Experts say that the right decision would not be to react to a situation, but to foresee it and adapt to changing conditions.
“If you want to be ahead of your competitors, then use this advantage – an opportunity to work remotely. Of course, you will have to adjust your business processes, but as a result, everyone will win. There is not a one-size-fits-all solution, you will need to think of what works for you best and make reasonable decisions, not just copy someone else’s experience,” notes RIPE NCC top manager.
Does it make sense today to transfer employees to distance work in advance during the current spread of the coronavirus? Will it help in fighting against the pandemic?
Different countries have their own epidemiological situations, and it is hard to give a universal response to this question. The attention should not be to shifting employees to work from home, but to preventing the spread of the disease. It is possible to introduce a company practice of examining employees to identify people with symptoms of a respiratory infection and let them go home timely, allowing working from home.
However, many business owners have concerns for employee health without such checkups and have moved working processes online instead of requiring in-office work.
Generally speaking, it is not difficult to organize remote work for employees of a small company. With the right IT solutions, this type of work could flourish. The main question is how to maintain work efficiency? It’s necessary to take into account requirements for easy communication, security, availability of collaboration services and system stability tools.
Yulia Medvedeva, Emigrantista Founder, lives in Italy, a country that is no stranger to the devastating effects of the coronavirus. She works remotely for the IT company and sees that distance work is a good thing today, despite its potential scare.
“I live in Italy and work for the company remotely. I think that distance work is our common future that hasn’t come yet just because people can’t work remotely and are afraid of it. We lack skilled managers who would be able to set up a remote team, we don’t know how to build processes and communication. The coronavirus quarantine is a great opportunity to practice.
In Italy, since the beginning of March, many offices have moved their staff to “smart working” mode: they’ve provided them with work computers and are allowing work from home. It was a tough decision for many top managers. Moreover, many of them still have not been able to make this decision, and their employees continue to work in offices. There haven’t been any complaints among those who took this precautionary step—productivity has remained steady. I have strong hopes that after the end of the quarantine in Italy, a new virus will spread – the virus of remote work. After several weeks working in such a way, employees and managers will find it difficult to get back into office mode, and it will be even more difficult to forget the advantages remote work offers,” she adds.
Business
Royal York Property Management And Nathan Levinson On Building Stable Rental Portfolios In A Volatile Market
Across North America, Europe, and much of the world, rental housing is caught between two pressures. On one side are tenants facing record affordability challenges. On the other side are landlords seeing operating costs, interest payments, and regulatory complexity move in the opposite direction.
Recent analysis from Canada’s national housing agency shows how tight conditions still are. The average vacancy rate for purpose-built rentals in major Canadian centres rose to about 2.2 percent in 2024, up from 1.5 percent a year earlier, but still below the 10-year average despite the strongest growth in rental supply in more than three decades.
At the same time, higher interest rates have pushed up the cost of acquiring and financing rental buildings, which has slowed transactions and made many projects harder to pencil out.
In this environment, the question for landlords and investors is less about chasing maximum rent and more about building stability. That is where Royal York Property Management and its founder, president, and CEO Nathan Levinson have drawn attention.
From a base in Toronto, Royal York Property Management manages more than 25,000 rental properties, representing over 10 billion dollars in real estate value, and operates across Canada, the United States, and parts of Europe. Levinson also sits on a Bank of Canada policy panel focused on the rental market, where he provides data and on-the-ground insights about rent trends and landlord stress.
For many smaller property owners, his model has become a reference point for how to treat rental housing as a structured financial asset rather than a side project.
Rental housing under pressure from both sides of the balance sheet
In many countries, the basic rental story is the same. Construction of new rental housing has climbed, yet demand still runs ahead of supply in most major cities. In Canada, overall rental supply grew by more than 4 percent in 2024, the strongest increase in over thirty years, while vacancy rose only modestly.
At the same time, borrowing costs have moved sharply higher compared with the pre-pandemic period. Research shows that elevated interest rates have reduced the profitability of new multifamily deals and slowed investment activity, even as structural demand for rental housing stays strong.
For small and mid-sized landlords, that tension shows up in a simple way. Mortgage payments, taxes, insurance, and maintenance rarely move down. Rents move up more slowly, and in many jurisdictions they are constrained by regulation or market realities.
Levinson’s view is that this gap will not close on its own. Landlords who want to stay in the market need more predictable income, tighter control of costs, and clearer systems for dealing with risk.
A property management model built for volatility
Royal York Property Management did not start as an institutional platform. Levinson’s early clients were owners of single condominiums, duplexes, or small buildings who were struggling with irregular rent payments, surprise repairs, and complex rental rules.
Instead of handling each property ad hoc, he built a standardized operating model that treats every door as part of a wider portfolio. Each unit sits on a centralized platform that records rent, arrears, lease expiries, maintenance tickets, and legal actions. Owners see real-time statements and performance metrics rather than waiting for year-end reports.
That structure, combined with an internal maintenance and legal team, is designed to handle stress rather than avoid it. When markets are calm, the system may look conservative. When conditions worsen, it is what keeps owners in the black.
“Execution is everything” is how Levinson often frames it in interviews.
Turning rent into a more predictable income stream
The feature that first drew many investors to Royal York Property Management is its rental guarantee program in Ontario. Under this model, landlords receive their rent even if a tenant stops paying. RYPM takes responsibility for legal proceedings, arrears recovery, and re-leasing the unit, while the owner continues to receive income.
Independent profiles of the company describe this as one of the first large-scale rental guarantee frameworks in the Canadian market, and note that the firm manages tens of thousands of units under this structure.
The guarantee itself is closely tied to local law and does not transfer directly into every jurisdiction. The underlying logic, however, is straightforward:
- Treat unpaid rent as a recurring and manageable risk rather than an occasional shock.
- Price that risk into a clear product instead of handling each case informally.
- Use scale, legal expertise, and data to keep default rates low and resolution times shorter.
For landlords who are facing mortgage renewals at higher interest rates, having a more stable rent stream can be the difference between holding a property and being forced to sell. That is one reason rental guarantee models have started to attract interest from investors outside Canada who are watching RYPM’s approach.
Using technology to see risk earlier
Behind the guarantee and the day-to-day operations is a technology stack that tries to surface problems before they become crises. Royal York Property Management’s internal platform uses data from payments, maintenance, and tenant behavior to flag risk signals and operational bottlenecks.
Examples include:
- Tenants who move from on-time payments to repeated short delays.
- Units where small repair tickets point to a larger capital issue ahead.
- Buildings where complaint volumes suggest service gaps or staffing problems.
Rather than treating these as isolated events, the system aggregates patterns across thousands of units. That allows management to decide whether a problem is individual, building-specific, or systemic.
Levinson has also pushed this data outward. As a member of the Bank of Canada’s rental policy panel, he provides anonymized information on rent collection, defaults, and renewal behavior, which feeds into broader discussions about financial stability and housing policy.
The same data that protects a landlord’s cash flow in one building helps central bankers understand how higher rates are affecting thousands of households.
Why the Canadian case matters for global landlords
Several recent reports underline how closely rental markets are now tied to national economic performance. Tight rental supply and high rents are feeding inflation in many economies. At the same time, higher borrowing costs are discouraging new construction, which risks prolonging shortages.
This feedback loop is especially hard on small landlords. Many own only one or two properties and have limited room to absorb higher mortgage payments or extended vacancies. Analysts in Canada and abroad have warned that some owners are at risk of default as their loans reset at higher rates.
In that context, the Royal York Property Management model offers three lessons that travel across borders:
- Standardization protects both sides. Clear processes for screening, rent collection, maintenance, and legal steps reduce surprises for owners and tenants at the same time.
- Risk pooling is more efficient than one-off crises. Handling arrears, legal disputes, and vacancies inside a structured system is less costly than improvising each time.
- Operational data belongs in policy conversations. When policymakers have access to real rental data rather than only mortgage statistics, interventions can be better targeted.
It is not an accident that Levinson’s work now sits at the intersection of private property management and public financial policy.
What everyday landlords can borrow from the Royal York playbook
Most landlords will not build a 25,000-unit management platform. Many will never interact with a central bank. The core ideas behind Nathan Levinson’s approach are still accessible to smaller owners that manage a handful of properties.
Three practices stand out.
First, treat every rental unit as part of a simple portfolio. That means using a consistent template to track rent, arrears, expenses, and vacancy days for each property, then reviewing it on a schedule instead of only when something goes wrong.
Second, write down the rules for risk in advance. Late-payment steps, repayment plans, documentation standards, and maintenance response times should exist on paper, not only in memory. Royal York’s experience suggests that clear rules reduce conflict, because everyone knows what will happen next.
Third, invest in service as a protective layer. Multiple independent profiles of RYPM point out that faster response times and transparent communication reduce tenant turnover and protect building condition, which in turn supports long-term returns.
For landlords and investors trying to navigate today’s volatile rental markets, the message from Royal York Property Management and Nathan Levinson is surprisingly simple. You cannot control interest rates or national housing policy. You can control how organized your portfolio is, how clearly you manage risk, and how consistent your operations feel to the people who live in your buildings.
For many, that shift from improvisation to structure is what will decide whether their rental properties remain a source of wealth or turn into a source of stress.
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