ben
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Post by ben on Dec 1, 2015 18:16:47 GMT
When do PM pay rental payments ? is it once a month or after they have been paid
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pom
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Post by pom on Dec 1, 2015 18:30:47 GMT
Last Friday of the month (assuming of course they've received any by that date - doesn't always sync up if that date is early)
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ben
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Post by ben on Dec 1, 2015 18:35:39 GMT
thanks for that guessing the tenant did not pay on time then, good start
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pom
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Post by pom on Dec 1, 2015 18:45:28 GMT
If the tenants are on benefits there may be a bit of a delay whilst they apply - also can depend on when the property sale completed - which property are you referring to?
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ahowlin
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Post by ahowlin on Dec 12, 2015 14:53:30 GMT
In my experience the payments are fairly reliable once let. I have had the occasional missed payment (possibly due to the rent coming into PM after their payment date to me). But then it catches up the next month. I prefer these monthly payments versus what THC offer where you can easily wait 16 months for the first annual dividend.
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ben
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Post by ben on Dec 12, 2015 18:27:29 GMT
If the tenants are on benefits there may be a bit of a delay whilst they apply - also can depend on when the property sale completed - which property are you referring to? missed your reply it was 28
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pom
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Post by pom on Dec 12, 2015 18:57:28 GMT
If the tenants are on benefits there may be a bit of a delay whilst they apply - also can depend on when the property sale completed - which property are you referring to? missed your reply it was 28 I didn't question that one - was so new I wasn't surprised there was no rental payment. Hopefully there will be one this month, tho with the payments being relatively early (apparently they ARE going to go ahead and pay us on the 25th!!) there may well be a few rental payments missing. Should all catch up in the end anyway
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ben
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Post by ben on Dec 12, 2015 19:01:04 GMT
I only questioned it as stated a date at end of oct which was obvious was not going to, as only was purchased part way through month then changed to a date end of nov and now showing a date at end of dec
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pom
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Post by pom on Dec 12, 2015 19:06:13 GMT
I only questioned it as stated a date at end of oct which was obvious was not going to, as only was purchased part way through month then changed to a date end of nov and now showing a date at end of dec Yeah unfortunately the "next rental payment" dates appear to be a sitewide generic thing rather than specific to each property.
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ben
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Post by ben on Dec 12, 2015 19:13:29 GMT
I only questioned it as stated a date at end of oct which was obvious was not going to, as only was purchased part way through month then changed to a date end of nov and now showing a date at end of dec Yeah unfortunately the "next rental payment" dates appear to be a sitewide generic thing rather than specific to each property. as had no payments yet do not know although appears 2nd one is rented out so will see
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j
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Penguins are very misunderstood!
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Post by j on Dec 12, 2015 19:50:21 GMT
In my experience the payments are fairly reliable once let. I have had the occasional missed payment (possibly due to the rent coming into PM after their payment date to me). But then it catches up the next month. I prefer these monthly payments versus what THC offer where you can easily wait 16 months for the first annual dividend. One of the reasons I've switched my attention to pm instead of thc & have not invested with the latter for a little while now. Can anyone remind me if the return figures on pm's calcs page are net of their 25% fee or gross (with this heavy cold I can't seem to think straight but I thought all their return calcs were net of fees). If they ever do reduce their fees (as thc have recently) I think they'll get much quicker investment. They certainly would from me
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Post by propertymoose on Dec 22, 2015 9:43:05 GMT
Hi J
Just want to make sure there are no confusions with our charging structure as you question whether our figures include a 25% fee. Not sure where this has come from so wanted to clarify.
Our fees are 5% of the funds raised and 15% of the net capital growth at the end of the term. The properties are managed by local agents and we charge 10% + VAT of the rent for that service with the SPV being liable for any other property related costs.
In terms of reducing fees, it would be interesting to get some views from people if they had time to speak with me on the phone. If so, could you please drop me a line on andrew@p.......
Many thanks
Andrew
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ben
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Post by ben on Dec 22, 2015 10:25:22 GMT
Hi J Just want to make sure there are no confusions with our charging structure as you question whether our figures include a 25% fee. Not sure where this has come from so wanted to clarify. Our fees are 5% of the funds raised and 15% of the net capital growth at the end of the term. The properties are managed by local agents and we charge 10% + VAT of the rent for that service with the SPV being liable for any other property related costs. In terms of reducing fees, it would be interesting to get some views from people if they had time to speak with me on the phone. If so, could you please drop me a line on andrew@p....... Many thanks Andrew I think we all know that everyone would want the fees reducing if possible, but it has to be a balancing act as at the moment I would guess you are losing money and are being funded by someone else so unless you can show them that a reduction in fees would increase the potential future profits, due to increased customers I do not think it is that likely that it would at this time
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