Uown

dutchman: I don't think there is an euro platform offering shares. crowdestate.nl maybe (only in dutch, so I don't understand),

I think the transaction fee is due when you invest, not pay money in.

Ok, was a guess with crowdestate. So I don't know any share based eur platform. Let me know when you find one

Hi,



I’m a simple guy so I like to see some numbers to make things practicable and see if I understand it correctly…



So,



Let say I invest £1000 in

57 BEECHWOOD MOUNT, LEEDS

It is currently valued at £198,885.00



It seems that 1 share is £1

So I’ll get 1000 shares.



Further we know:

The site mentions for #57, the net rental yield is 7%

So total rent income (for investors) was 7% of £198,885 = £13921,95



The faq mentions:

There’s an annual 0.5% fee on the value of a property. This comes out of any money made from renting it. This fee covers the on-going admin costs of keeping UOWN awesome, property valuations and other exciting jobs like filing annual tax returns



So 0,5% of £198,885 is £994,43

That comes from the rental so total rent paid was £13921,95 + £994,43 = £ 14916,38



Next from the faq:

The properties are managed by third party management agents who charge 10% + VAT fee on rental payments

I don’t live in the uk so I assume the vat is 20% (?)



So the total rent was higher so that when we take of the 10% + VAT fee we get the £ 14916,38

That would make the total rent paid £ 16,950.43 (or £1412 per month. I have no idea about rental prices of this kind of rental properties in Leeds, perhaps somebody can letme know if that could be right…)



So to put it in normal order:

Total rent collected: £ 16,950.43 / year

10% + 20%vat for third party management = - £2034,05 / year

0,5% of property for UOwn = - £994,43

Net rent for investors = £13921,95

Shares 198,885 so £0,07 / share

For the £1000 invested that is 7% as stated on the site





A few questions (I guess for uown to answer but feel free…):

1) Is the above correct?

2) How often are the properties revaluated? Which would mean that if prices go up shares go up and new investors will get less shares / £

3) And as asked above, what about rental prices? How are they set? What strategy is followed? Are they linked to the property value? So in the case of a housing market crash, will investors get less rent money?

4) If the market goes down, that means UOwn will get less for its properties, is UOwn committed to this? Assume a worst case scenario, if the uk housing market collapses with 50% will UOwn rise its % to cover it cost or as stated will it accept lower income? Eg “property valuations and other exciting jobs like filing annual tax returns.” will not go down

5) Are there or will there be any official statements so investors can check those numbers (like above?) if I play the devil’s advocate, it could be that UOwn charges far more rent but simply tells investors other numbers, is there an official way to check?…

6) Does anybody know if £2034,05 / year for keeping the place in good shape/management is a reasonable amount for a property like this?

7) if i'm correct, since feb. this year, there are 3 properties on the site. how does this business model/p2p site work? will more properties added? and where is the money coming from to do that?

8) for those of you who invested, are you happy with it?

9) why is the current owner selling its properties?
(expecting a housing market crash?   )


Thanks,

i only now see that they put a cost  breakdown for each property.
see screen shot below for 57 BEECHWOOD MOUNT, LEEDS
The costs are quite a bit higher than first assumed...

Hi everyone,



We are happy to see that lots of you are enjoying using UOWN and enjoying your returns so far, and thanks for answering each other’s questions about UOWN.



We would like to answer some of your questions and give you some updates about our plans going forward.



Some of you have asked about the various fees and costs on the UOWN Platform. We wrote this blog article which should give you some insight: www.uown.co/learn-articles/uowns-fees-and-costs-explained.



We endeavour to keep the costs as low as possible as this feeds into higher potential returns for all investors. We provide a full breakdown of the costs and if you believe we could be getting a better deal on any of them please do get in touch. To answer dutchman’s question about UOWN’s fees: our ongoing 0.5% fee is based on the current value of the property, so if the prices were to fall we would take a lower fee.



We know that some of you are speculating that UOWN might be running more 25% bonus offers, and unfortunately we are not planning to do any more. This is because we found that investors were waiting around for the next offer, and this isn’t a sustainable business model. To those of you who backed UOWN early and got in on those offers - well done and thanks for putting your trust in us. For first-time investors we will be launching our 123 Offer in the coming weeks - if you invest £123 into any of our properties we will top you up to £140 (13.8% top-up leading to an projected rental yield of 8% on your £123 invested).



We can see that some of you are concerned about the speed of funding. We are working on new marketing plans to attract more investors to the site and this should lead to a pickup in the pace of funding. One of UOWN’s USPs is that we are able to pay out rent whilst the properties are funding and so our model gives us flexibility to fund the properties over a slightly longer period of time whilst you guys are still earning returns. In the meantime please feel free to tell your friends and family about UOWN as word of mouth can be very powerful.



Some of you will have noticed that the rental figures have increased. Our management agent managed to secure higher rents for the 2017/18 academic year (the three properties are all rented to students). In the future we will provide updated rental figures in July for student properties and the management agent will endeavour to increase the rents every year.



We are planning to open up the Resale Market for 8 Eden Gardens before Xmas. You will be able to list your shares for sale at the current market price. This market price is determined by a chartered surveyors report, and once a property is fully funded it will be revalued every quarter. We are writing a blogpost about the Resale Market, which will give you some more detail.



Finally, we would like to let you guys know about some exciting stuff in the pipeline. We will be rolling out extensive updates to the site this including: updates to the whole signup and investment process to make the journey smoother; a revamped monthly investment page allowing you to easily set up a direct debit and edit the date and amount at any time; and an updated account page with the ability to list your shares for sale once a property is funded. We are also planning to launch a new and exciting investment in the new year.


Thanks, 

For me to invest in this I would like to see some changes first:

-a phone number on their website.

-a steady stream of new properties

-a well described business plan (for what I have seen so far this is not working long time)

-a buyback guarantee since, how can a sec. market work if there is hardly any action in the normal market?

-investors = the share owners determine if/when the property is to be sold (not uown)