In uncertain times we as landlords, entrepreneurs & professionals, need insight, clarity & guidance.

RENT HOLIDAYS

1. Consider 3 month rent holiday requests

2. Consider temporary reductions in rent to enable cash flow

3. Waive rent?

4. Remember tenants have protection under the emergency legislation as no new proceedings or evictions are allowable for 3 months.

5. Also, do you want vacant properties at the end of this pandemic, or would you prefer reduced, but reliable rents?

ADVISORY SERVICES

1. Property Management firm - At times like this, it would be smart to have a property management firm handling the tenant landlord relationship.

2. Legal advice – Especially relevant for commercial landlords

3. Mortgage lenders - For residential landlords, the government has announced a 3-month mortgage payment holiday. Note interest will continue to be charged & any foregone payments will still be owed at the end.

4. Rental & buildings insurance - Covid-19 is NOT an explicit insured peril however policies must be in place for lending conditions & to protect against traditional risks. However should your tenants stop paying rent, then your rent warranty cover could be relied upon. (Insurers to be notified for any vacant period over 90 days typically).

5. Government and official guidance - Official guidelines are being issued and implemented on a daily basis with some impacting our sector directly.

OPPORTUNITIES

1. Evaluation – Evaluate your portfolio holistically for risks & opportunities. Identify overvalued, highly geared & excessive rental demands.

2. Interest rates - Are at an all-time low representing an opportunity

3. Buy low – Instant profits are made when buying, as selling and exit prices are rarely defined. Focus on yield and BMW opportunities.

4. Term - This pandemic will not last forever, its medically led and not financial therefore meaning a bounce back highly likely in the short-mid term.

5. Exclusive property – buy locations, properties and buildings that are always in demand and rarely on the market, this opportunity may not arise again.

Contact us should you wish to invest or sell, as we have below market opportunities as well as investors with funds available. Happy to help.

LETSiNVEST
Source. Rent. Manage. Stay safe.