ALT EXAMPLE - MAGAZINE - PORTFOLIO - Flipbook - Página 74
COMMENT
WHAT WILL
LOCKDOWN 2
MEAN FOR
LANDLORDS?
By Catherine Affleck, head of property management and operations director.
the impact of covid-19 and its subsequent
lockdowns on landlords has been a common
theme within the property industry
throughout 2020. At the beginning of the year,
we were hopeful that the government would
offer landlords some assistance, however,
unfortunately this has not been forthcoming.
Since then we have had another
two quarter days fall due and the
Government has twice extended
the freeze on rent recovery –
requiring property managers to
remain proactive, employ a
robust strategy and adopt new
approaches in order to best service
clients.
National statistics (compiled by
CREDIA) show that rent collection success
(at day 21 post quarter day) has steadily
grown from 54% for the March quarter
and rising to 57% and 60% for the June
and September quarters, respectively. The
overall data for the North East is
surprising, with the region achieving a
competitive 54% rent collection success
for the March quarter followed by
signicantly outperforming all other
regions in the June quarter, with 80% of
rents having been collected within the
initial 21 days. This has then fallen
dramatically to just 33% for the
September quarter which bucks the
s
74
national trend.
Bradley Hall’s proactive management
approach has allowed for the North East
landlords we represent to achieve much
higher than average rent collection
successful across our managed portfolio.
Bradley Hall has outperformed the market
regionally and nationally in achieving 85%,
83% and 75% rent collection gures for
the March, June and September quarters
by comparison to the regional averages of
54%, 80% and 33%.
On the face of it, it could have been
assumed that the September quarter
collection rates would be higher as
retailers and the leisure sector had been
able to trade, albeit in restricted capacity.
There are several reasons behind this
stark contrast for the region which reects
the nature of our market, including the
fact that the June rent collection was
bolstered by the availability of
government grants, furlough grants and
bounce back loans. As lockdown
restrictions eased and consumer
PORTFOLIO MAGAZINE