p2ploser
Member of DD Central
Posts: 163 
Likes: 221
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Post by p2ploser on Dec 31, 2017 11:10:20 GMT
Due to the annual leave of the accounting staff during the festive break, the cut off for filing the rent account this month is the 18th December. Rent will be paid out as normal on the last working day of the month, but any rent collected after the 18th will be reflected in the January dividend.
Perhaps I could try this with my rent or council tax simply stating that as I’m on holiday I will pay it next month instead 😂😂
is is it just me that thinks this is bizarre?
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kaya
Member of DD Central
Posts: 1,150
Likes: 718
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Post by kaya on Dec 31, 2017 13:02:40 GMT
Very sloppy accounting practice is this, I agree. Can't see why this should not be credited next week at least. I think they possibly needed the rent money to pay for the propertymoose Christmas party, so I guess we will just have to wait. |
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jnm21
Posts: 441
Likes: 166
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Post by jnm21 on Dec 31, 2017 13:27:31 GMT
Due to the annual leave of the accounting staff during the festive break, the cut off for filing the rent account this month is the 18th December. Rent will be paid out as normal on the last working day of the month, but any rent collected after the 18th will be reflected in the January dividend.Perhaps I could try this with my rent or council tax simply stating that as I’m on holiday I will pay it next month instead 😂😂 is is it just me that thinks this is bizarre? Is this bizarre? YES PM's weirdest message yet? PROBABLY NOT! It would be run close by some of the we'll fix our **** up next month rubbish we get. Don't forget the we'll be taking control of your investments away from you for an undetermined time, at an undetermined time, without your permission ones recently! Or what about the "we've got proof of payment" one that, em, turned out to be misleading. 
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Post by propertycalf on Dec 31, 2017 14:26:26 GMT
Absolutely outrageous..
It makes calculating returns much harder than it should be.
Having to wade through "deduction here for council tax... Deduction here to increase provision fund... Deduction here for paying back loan"
Imagine the tenants deferring their rent until Jan, or employers deferring pay.
They want us to believe there is no financial distress.. I suggest they act like there isn't any problems then!
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jnm21
Posts: 441
Likes: 166
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Post by jnm21 on Dec 31, 2017 16:34:30 GMT
Absolutely outrageous.. It makes calculating returns much harder than it should be. Having to wade through "deduction here for council tax... Deduction here to increase provision fund... Deduction here for paying back loan" Imagine the tenants deferring their rent until Jan, or employers deferring pay. They want us to believe there is no financial distress.. I suggest they act like there isn't any problems then! Haven't you heard - comments like that don't help!  I don't actually know if it is problems - could just be greed - we sure know how they like to get their cut! Top, middle & bottom (forgive the shameless Strike It Lucky reference)! So much for in it together! Oh, another candidate for weirdest message would be annualised return of half the six month return (think it was on spv84).
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Post by propertycalf on Dec 31, 2017 17:05:04 GMT
Your forgiven for your 90's reference haha..
Most realistic people wouldnt begrudge them their slice. The whole concept potentially allows small investors access to investment projects we wouldn't have been able to get involved in, in return for their fees etc.
I do think greed is a factor and doesn't bode well for the future. It may not be helpful for them to hear comments like this, but it's up to them to win us over and improve, rather than shh us!
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jnm21
Posts: 441
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Post by jnm21 on Jan 1, 2018 1:37:27 GMT
I agree that they are entitled to a cut, but it is galling to see them taking fees at various points, even where folk are making a loss, in no small measure down to over inflated estimates, poor property choices, poor tenant choices, free rent given without the SPV's consent or even knowledge, etc. How about they take a 15% cut of any losses - after all we are in it together!
Don't get me wrong, I am still invested, still happy with the overall returns, but just fed up with the mistakes, woeful comms & seemingly stacked deck!
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Post by propertycalf on Jan 1, 2018 15:16:32 GMT
Couldn't have said it better myself, 100% agree
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damar
Member of DD Central
Posts: 110
Likes: 47
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Post by damar on Jan 1, 2018 15:19:44 GMT
There is talk on another post about forming a committee to try and hold PM to task.
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crapo
Posts: 40
Likes: 26
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Post by crapo on Jan 2, 2018 10:36:32 GMT
Due to the annual leave of the accounting staff during the festive break, the cut off for filing the rent account this month is the 18th December. Rent will be paid out as normal on the last working day of the month, but any rent collected after the 18th will be reflected in the January dividend.Perhaps I could try this with my rent or council tax simply stating that as I’m on holiday I will pay it next month instead 😂😂 is is it just me that thinks this is bizarre? I came on here to say exactly the same thing. Nice little earner for PM holding onto all those payments and accruing the interest.
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damar
Member of DD Central
Posts: 110
Likes: 47
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Post by damar on Jan 2, 2018 20:15:26 GMT
Hi, we are collecting names for a PM Action group, please see the PM Action group thread.
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jnm21
Posts: 441
Likes: 166
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Post by jnm21 on Jan 7, 2018 13:20:39 GMT
Due to the annual leave of the accounting staff during the festive break, the cut off for filing the rent account this month is the 18th December. Rent will be paid out as normal on the last working day of the month, but any rent collected after the 18th will be reflected in the January dividend.Perhaps I could try this with my rent or council tax simply stating that as I’m on holiday I will pay it next month instead 😂😂 is is it just me that thinks this is bizarre? I came on here to say exactly the same thing. Nice little earner for PM holding onto all those payments and accruing the interest. I would have thought the money would be held in a ring-fenced non-interest earning account - am I naive? Regardless the delay is ridiculous!
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jnm21
Posts: 441
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Post by jnm21 on Jan 7, 2018 17:17:30 GMT
I have a new candidate - the message against the September 2017 returns for SPV 76 is clearly the comment for SPV 86 - sterling copying & pasting c***-up!
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