Analysing the Implications of Work-From-Home Covid-19 Restriction Measure on Residential Property Management: Evidence From Lagos Rental Housing Market

Abstract

Purpose: With a focus on Lagos rental housing market, the study analysed the consequen al effects of the work-from-home Covid-19 policy measure on residen al property management for policy implica ons.Design/Methodology/Approach-The study is quan ta ve and mixed approach sampling techniques were adopted. Stra fied sampling was used to categorise ESV firms prac sing on Lagos Mainland while a simple random sampling technique was employed for sample selec on. A total of 97 (74.62%) responses were collected, out of a total of 131 ques onnaires administered to the ESV firms in Lagos Mainland which cons tuted the study popula on. The data were analysed by simple frequency distribu on (SFD), percentage (%) and weighted mean score (WMS) on a 5-point Likert scale measurement.Finding: During the lockdown period, 84.5% agreed to the use of rental housing for commercial ac vi es, with no ceable ac vi es in residen al property types such as a bungalow, block of flat and duplex. Meanwhile, their levels of sa sfac on with the use of rental housing for commercial ac vi es varied; only a few (16.5%) expressed total dissa sfac on, with prevalent commercial ac vi es such as offices (4.1546), and mini-mart (3.4330) and shops (3.3918). The majority a ested to the adverse effects of the policy, having short (24.7%), medium (43.3) or long (18.6%) effects on property management. Also, home facili es such as electricity (4.1753) and co-used facili es (4.1134) were highly overstretched, the top-rated property management issues that could emanate (WMS) were neighbourhood securi es (4.5155), environmental pollu on (4.0619), rates and bills (3.9175) and maintenance (3.8144). Prac cal implica ons:The study provides insight into the possible implica ons of policy geared toward the forceful restric on of ci zens at home during a pandemic on property management of the rental housing market.t (3.4330) and shops (3.3918). The majority a ested to the adverse effects of the policy, having short (24.7%), medium (43.3) or long (18.6%) effects on property management. Also, home facili es such as electricity (4.1753) and co-used facili es (4.1134) were highly overstretched, the top-rated property management issues that could emanate (WMS) were neighbourhood securi es (4.5155), environmental pollu on (4.0619), rates and bills (3.9175) and maintenance (3.8144). Prac cal implica ons:The study provides insight into the possible implica ons of policy geared toward the forceful restric on of ci zens at home during a pandemic on property management of the rental housing market.Prac cal implica ons -The analysis indicates that while gender diversity may be insignificant, higher educa onal qualifica ons among male and female directors has to be more a rac ve among REITs for their posi ve financial results.Originality/value -This paper contributes to the literature by inves ga ng whether the level of educa on and gender diversity have an impact on REIT financial performance. Keywords Educa on A ainment, Gender diversity, REIT financial performance. Originality/Va...