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Post by buttchopf23 on Dec 29, 2016 18:22:35 GMT
The pm fee is reduced by the amount on the first rent payment.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Dec 30, 2016 0:07:43 GMT
So is the reduction in PM fee calculated on a individual basis so everyone has a different amount of the first rent payment depending on how early they invested or collectively so the fee is reduced by how long it take for the property to fund and then everyone gets a reduction which means it makes no difference if you invest on the first day or on the 20th day? Im not entirely sure the fee reduction is correct, unless its changed recently & Ive missed it. Certainly when I started investing cashback was paid quarterly, EOM Apr, Jul, Oct, Jan and thats what the FAQ says currently. That said I didnt get any cashback Oct but Im not 100% sure any of my properties purchased in the period had completed in time. I would suggest asking via livechat and if it is now a fee reduction perhaps suggest they need to update their FAQ
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Post by buttchopf23 on Dec 30, 2016 0:46:47 GMT
Maybe I confused something, but I am sure I read that anywhere, but can't find it now, so I it is quite possible I am mistaken
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Post by buttchopf23 on Feb 10, 2017 7:18:29 GMT
Looked through my account statement and spotted 2 cashbacks (only). I guess my above statement was wrong. Sorry for misleading.
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