jester
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Post by jester on Apr 5, 2019 15:33:45 GMT
Yet again the latest revaluations on my properties have reduced the value of my portfolio. Almost 1% wiped off portfolio value.
I realise it's a challenging property environment at the moment but every revaluation I've been part of so far has shown a deficit overall. To the extent that my all time capital loss is 75% of my all time dividends!!!
I do look forward to the day it manages to push my performance chart upwards rather than eating/gobbling into my dividend gains!
This constant erosion of the valuations doesn't says much for the fantastic deals they claim to be getting on their acquisitions.
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hazellend
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Post by hazellend on Apr 5, 2019 16:08:18 GMT
Generally poor returns from U.K. property at the moment. Really, you just need to wait around for the next boom 8 - 15 years from now.
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p2ploser
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Post by p2ploser on Apr 5, 2019 18:30:47 GMT
Think the shine is starting to come off property partner. Honeymoon is over.
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beh
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Post by beh on Apr 5, 2019 19:38:59 GMT
For me, 1.35% decline vs previous valuations. That's with 49 properties, average ~2% of total in each.
However, perhaps unlucky as I have 2 with ongoing cladding issues which skew things slightly. Excluding these it's a 0.05% decline.
Insofar as you trust the valuations, I've not suffered any capital loss, 2.3% up having been on PP for just under 3 years.
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Post by Ace on Apr 5, 2019 21:06:20 GMT
Is it possible to see the valuation history for each of my properties on PP? I've had a look around the site, but can't seem to find them.
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invester
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Post by invester on Apr 6, 2019 12:25:16 GMT
I had a much worse result from the valuations but I had concentrated my portfolio in the London area so I can't complain too much.
Has anyone here also invested with British Pearl? Seems to offer a bit of a different take on it.
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benaj
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Post by benaj on Apr 6, 2019 16:05:49 GMT
My net capital loss is less than 10% of dividend received. I do see some potentials on this platform. The total return of exited property in Ilford is 8.62% for my 7 months holding. It's probably time for me to rebalance my portfolio on PP as some of mine are under-performing.
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Post by longjohn on Apr 6, 2019 17:48:47 GMT
My dividend has risen due to one property having its rental increased/costs reduced.
I cannot comment on capital values at the moment as under 'Properties' the 'Data View Download' has disappeared. This is my primary source of data for my spreadsheets. I prefer to use the actual trading prices for each property rather than PP's valuations.
Hopefully the 'Data View Download' will be back next week.
J
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beh
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Post by beh on Apr 6, 2019 18:24:13 GMT
Is it possible to see the valuation history for each of my properties on PP? I've had a look around the site, but can't seem to find them. Historical valuations are contained in their "total return" calculation - propertypartner-app-public.s3.amazonaws.com/files/PP-valuations-and-estimated-returns-analysis.zipI cannot comment on capital values at the moment as under 'Properties' the 'Data View Download' has disappeared. This is my primary source of data for my spreadsheets. I prefer to use the actual trading prices for each property rather than PP's valuations. Hmm, they do seem to have broken the data view bit, had similarly previously added it as a data source in excel. The csv/json only has the recent mortgage bond in it.
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Post by sayyestocress on Apr 7, 2019 7:32:45 GMT
I still consider pp to be offering a good product [can't comment on loans as I didn't invest]. They can't really be blamed for the market downturn and grenfell type cladding. Valuation don't really eat into dividends until the property is sold and I'd expect that much of the current uncertainty will be gone by the time these properties actually get sold if they ever even do. Anyway, my main concern with pp continues to be long term sustainability of the company; they've been losing millions each year and I suspect that's why the new director was brought in something like a year ago.
Edit: feel I should point out that these are the ramblings of a layman and not an expert on property or running a business 😄
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hazellend
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Post by hazellend on Apr 7, 2019 9:23:42 GMT
I still consider pp to be offering a good product [can't comment on loans as I didn't invest]. They can't really be blamed for the market downturn and grenfell type cladding. Valuation don't really eat into dividends until the property is sold and I'd expect that much of the current uncertainty will be gone by the time these properties actually get sold if they ever even do. Anyway, my main concern with pp continues to be long term sustainability of the company; they've been losing millions each year and I suspect that's why the new director was brought in something like a year ago. Edit: feel I should point out that these are the ramblings of a layman and not an expert on property or running a business 😄 They are a start up with very fast growth so losses like that are expected
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Post by sayyestocress on Apr 8, 2019 9:03:03 GMT
I still consider pp to be offering a good product [can't comment on loans as I didn't invest]. They can't really be blamed for the market downturn and grenfell type cladding. Valuation don't really eat into dividends until the property is sold and I'd expect that much of the current uncertainty will be gone by the time these properties actually get sold if they ever even do. Anyway, my main concern with pp continues to be long term sustainability of the company; they've been losing millions each year and I suspect that's why the new director was brought in something like a year ago. Edit: feel I should point out that these are the ramblings of a layman and not an expert on property or running a business 😄 They are a start up with very fast growth so losses like that are expected Yep I can appreciate that; just look at the likes of Amazon and Tesla. However I do question the profitability of the model long term based on the limited information available to me and my limited IQ Looking at their latest accounts on CH; in 2016 they turned over roughly a million but made a loss of just over seven for the financial year. In 2017 they turned over just over two million and made a loss of almost six. IIRC in these two years they were adding properties almost every week / fortnight and the same cannot be said these days. It seems to me they need a lot more properties purchased and management to cover their "administrative expenses" unless those expenses are going to come down significantly. I've also noted that the general trend is losses increasing over the years: 2014: £0.5M 2015: £4.3M 2016: £7.3M 2017: £5.9M I'm happy to have my concerns dispelled by someone more knowledgeable on the subject as I do like the product.
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benaj
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Post by benaj on Apr 8, 2019 12:17:48 GMT
I still consider pp to be offering a good product [can't comment on loans as I didn't invest]. They can't really be blamed for the market downturn and grenfell type cladding. Valuation don't really eat into dividends until the property is sold and I'd expect that much of the current uncertainty will be gone by the time these properties actually get sold if they ever even do. Anyway, my main concern with pp continues to be long term sustainability of the company; they've been losing millions each year and I suspect that's why the new director was brought in something like a year ago. Edit: feel I should point out that these are the ramblings of a layman and not an expert on property or running a business 😄 Give this new CEO a chance, perhaps. www.propertyinvestmentsuk.co.uk/property-partner-2019/
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Post by sayyestocress on Apr 8, 2019 12:51:43 GMT
I still consider pp to be offering a good product [can't comment on loans as I didn't invest]. They can't really be blamed for the market downturn and grenfell type cladding. Valuation don't really eat into dividends until the property is sold and I'd expect that much of the current uncertainty will be gone by the time these properties actually get sold if they ever even do. Anyway, my main concern with pp continues to be long term sustainability of the company; they've been losing millions each year and I suspect that's why the new director was brought in something like a year ago. Edit: feel I should point out that these are the ramblings of a layman and not an expert on property or running a business 😄 Give this new CEO a chance, perhaps. www.propertyinvestmentsuk.co.uk/property-partner-2019/Yes that's who I meant by new director brought in a year ago. Unfortunately the accounts corresponding to his tenure won't be visible till the end of this year.
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beh
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Post by beh on Apr 8, 2019 13:39:31 GMT
However I do question the profitability of the model long term based on the limited information available to me and my limited IQ Thinking the same as yourself, that I'm happy with the product they offer but wondering at what scale it will become profitable for them. What's their strategy? Are the various bonds, hybrid/partnership deals, and generally larger value properties more profitable? How much of their recent growth is through offering "Premium services" to HNW investors?
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