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Post by Financial Thing on Aug 2, 2017 18:20:11 GMT
In the SPV 30 updates, there is mention of a £5k repair due to an electrical issue caused by a previous commercial tenant. This repair cost is being fronted by PM to investors as an interest-free loan which will be repaid by future rents, meaning investors won't receive rental dividends for several months. There's no mention of PM going after the tenant for the costs. Also, I feel the letting agent probably allowed a poor tenant into the unit just to get the rent flowing and now the investors are paying the price. I feel very disgruntled.  |
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jnm21
Posts: 441 
Likes: 166
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Post by jnm21 on Aug 2, 2017 20:52:44 GMT
I am not surprised that you are not happy - I am angry & I am not invested in this SPV (I did look at it).
Best of luck with the situation hopefully insurance/management agent/PM will pay the cost.
Frankly crazy.
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ben
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Post by ben on Aug 2, 2017 21:24:36 GMT
Finding it hard to justify investing more in PM at the moment, every time I think I will give them a bit longer some other issue comes up. I asked what they planned on doing about this, and how the damage was done, as either it was accidental, so should be covered by insurance or deliberate, in which case PM should go through the legal route to reclaim the money.
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jnm21
Posts: 441
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Post by jnm21 on Aug 2, 2017 22:28:54 GMT
Finding it hard to justify investing more in PM at the moment, every time I think I will give them a bit longer some other issue comes up. I asked what they planned on doing about this, and how the damage was done, as either it was accidental, so should be covered by insurance or deliberate, in which case PM should go through the legal route to reclaim the money. I am guessing that the energy company would only be able to remove the supply if there was evidence of intentional acts, such as fraud. Must be damned serious if it requires a road closure to reconnect.
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