kaya
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Post by kaya on Feb 11, 2017 12:51:39 GMT
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hazellend
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Post by hazellend on Feb 11, 2017 20:22:42 GMT
I don't even need to look the site to know the rent offered will be a huge discount to market rates - probably 20 - 30% less.
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ben
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Post by ben on Feb 11, 2017 22:06:21 GMT
I don't even need to look the site to know the rent offered will be a huge discount to market rates - probably 20 - 30% less. For a fair few properties that will still be better then what we are getting. I calculated on average over all the properties I am invested in I get about 20% less then the advertised rate which will probably be more then 30% less of market rate.
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kaya
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Post by kaya on Feb 12, 2017 9:38:09 GMT
Depends on what you mean by 'market rates' hazellendAfter deductions you probably get around 65% of the rent actually paid by the tenant on PM at best, and with vacant periods and unexpected expenses to factor in the average figure is obviously lower than that. |
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hazellend
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Post by hazellend on Feb 12, 2017 12:22:42 GMT
Depends on what you mean by 'market rates' hazellend After deductions you probably get around 65% of the rent actually paid by the tenant on PM at best, and with vacant periods and unexpected expenses to factor in the average figure is obviously lower than that. Ok, but Northwood would predict that and want to take their cut so it would still be worse.
I agree the poor performance of some of the PM properties beggars belief and has completely put me off low end rentals/HMOs.
The only good points are the mixed use properties
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