What can we expect on 31st May?

Disappointment 

Most of my properties get zero rent so it will just feel like business as usual to me

Looks like PM are giving up on the rental property market and moving into bridging loans

I have dividend paid, but it was less than what I received in Feb 18 and January. I would have at least expect 2 x dividend from Feb for a quarterly payment, but it was 40% of what I received in Feb, PM retains some of the rental profit for cost in the future before the exit happens.

I am going to check individual SPV payout when I got time.

I suggest all of you please check individual SPV that you have invested.

One of my SPV is already VACCANT and will be listed for SALE. However, the financial summary dated 31 May included £60 gas safety check fee for Maintenance.

Very dissapointed in the amount of properties which have not paid out today.

I am especially miffed by PM17 where rental proceeds were paid to incorrect banking details following a change of management agent in January. Another problem is PM7 where notice was supposed to have been served to the tenant on March 21 but the letter was returned undelivered and notice not served in a second letter until May 17, delaying the sale.

I do not understand how Property Moose can get routine operational procedures such as keeping banking details updated and responding to undelivered post in a timely manner so wrong. I understand PM is not a large company but administrative mishaps such as these point to a lack of internal procedures and controls.

Unfortunately I was not able to offload as much of my holdings as I would have liked in the last months of the secondary market and am not in a position to ‘write off’ my holdings in PM. It is my hope that the capital gains of the properties now nearing the end of their terms will make up for the poor rental yields over the last two years on PM.

If I could get 80% capital back and walk away I would take it at this point.

To be honest, I was disappointed PM want to try and renovate properties to maximise value before selling. I don’t really think they are competent to do this. I’d rather just fire sale my holdings and take what I can get, just to get away from PM

Considering their property picks were apparently hand picked by experts I can’t get my head around the fact they have done so badly.

Clueless amateurs on homes under the hammer would have done better.

Hopefully I will be out of this mess by the end of this tax year.

I received no dividends at all on my remaining properties. Some made a loss and on those that made a profit PM retained it all to cover future expenses. This platform has been a slow motion car crash for me, extremely disappointing as I had high hopes for it in the early days. I still like the model but its success depends on the competence of the platform as landlords which has been sadly lacking in PM's case.