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April 2020 News

April again. Last year, in the April edition, we opened with: "Normally in April we include an 'April Fool' article but we break with tradition this year and include only real news – several reasons for this: in previous years we have had members who read and believed the articles, following up some months later for updates but also, with events in the news at the moment, anything we make up is likely to be less bizarre and therefore more credible."Looking back,  it is a struggle to view last April as anything other than very normal. Hopefully, when we look back on this April it will not be so.

Much new news in this edition – hopefully enough pointers and information to help you through any Coronavirus related issues and also a couple of items specific to HMO landlords. Everyone needs to think about the impact on their tenants of the forthcoming update to electrical regulations and how they will handle it and while you are 'staying in' it is worth taking the time to review the PCC PRS strategy as it will affect us all. Also note we have updated the 'Landlords Checklist' on our website to reflect the new EPC regulations now in force.

Did you think of serviced accommodation as high workload / high return / high risk? I did until I read Charlotte's blog this month – apparently there are 3 levels of operation and in the current environment, the highest risk of the 3 is probably unsustainable. Do read it and let us know your view.

And if, instead of 'more news', you would prefer a little light hearted entertainment, here is our April fool item from 2018 (sky hooks for rubbish collection) and also, another classic (urinals in student HMO rooms) from 2015.

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Notes from distant places

The world of property has consumed my last month. A business trip to the French Alps, working on the new Plymouth project and fresh determination to systemise and outsource parts of my business.

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Premium Student Halls Take Covid Hit

It was no surprise when the Serviced Accommodation and Holiday Let sectors bombed during lockdown, but local landlords have been waiting with bated breath to see who suffered in the wider market - especially those of us who are student landlords.

Now we know the answer, it was the top end of the independent student halls market,  with the Registry in St Michaels Rd and the old library in Elm Grove both filing for change of use from student halls to interim accommodation for the homeless.

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Reflections on the current times

I like my small business, it feels good to break free from work, shift for yourself and hear the ker-ching of money you have made yourself. This last 2 weeks has been eerily quiet so a great opportunity to reflect (as well as clean my much-neglected house).

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