HARRIS LAMB REPORTS CONSISTENTLY HIGH RENT COLLECTION SUCCESS THROUGH 2020-2022
Property management specialists at Harris Lamb are celebrating further success after hitting rent collection target rates for the seventh quarter in a row.
The business sets itself a goal of collecting more than 80 per cent of rents on behalf of its property management clients within 14 days of the due date, with June 2022 marking the seventh consecutive quarter for achieving the target, with 82.30 per cent of collections being made within the 14-day threshold.
The team has consistently posted above- industry average statistics throughout the pandemic and following the end of the rent moratorium in March this year, can only see the business’ collection figures rising further over coming quarters.
Rob Kennedy, Head of Client Accounting, said: “As a department we really pride ourselves on delivering a first-rate rent collection service for our clients. The consistency of our figures is really testament to the hard work we put in to building strong relationships with our clients’ tenants.
“We have robust controls and systems in place surrounding rent billing to ensure that we get our demands out quickly and efficiently – but most importantly accurately, and we have then a highly experienced credit control department working tirelessly in the background building relationships through contact and service.”
Harris Lamb has a diverse mixed-use portfolio, and with the pandemic proving incredibly challenging for most sectors serviced by the business, the team’s consistently strong results clearly demonstrate how successful it is at providing this critical service for its clients.
Shirley Greenlees, Director, added: With the rent moratorium ending in late March 2022, we are now working with our clients to advise what their options are on a case-by-case basis in terms of recovery of any remaining debt accrued throughout the pandemic, while ensuring that the new legislation is always adhered to.”