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Spv 81
Jan 30, 2018 18:52:45 GMT
via mobile
jnm21 likes this
Post by propertycalf on Jan 30, 2018 18:52:45 GMT
"Hi All,
Hope you're having a great week.
We have not yet received the quarterly dividend for SPV 81.
Unfortunately, there has once again been a delay in receipt of payment from the company who are the underwriters.
We continue to express our dissatisfaction of how they have so far handled their accounting. Following further time spent following up the large property company, they have suggested that they expect to be in a position to make the payment this week.
This has been confirmed separately (including the amount we are expecting) by two contacts at the company. We are doing all that we can to get the payment to you as soon as possible.
We will keep you updated and the rent will be distributed as soon as we are in receipt.
- The Property Moose Team"
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Spv 81
Jan 30, 2018 19:44:11 GMT
via mobile
Post by sayyestocress on Jan 30, 2018 19:44:11 GMT
What a surprise!
Glad I sold out of this one.
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Spv 81
Feb 1, 2018 11:53:21 GMT
via mobile
Post by propertycalf on Feb 1, 2018 11:53:21 GMT
Any bets for how long this installment will be? If at all?
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jnm21
Posts: 441 
Likes: 167
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Spv 81
Feb 2, 2018 21:35:13 GMT
via mobile
Post by jnm21 on Feb 2, 2018 21:35:13 GMT
Any bets for how long this installment will be? If at all? Too long! Already there!
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Spv 81
Feb 3, 2018 19:38:04 GMT
via mobile
Post by propertycalf on Feb 3, 2018 19:38:04 GMT
Give that man a goldfish!
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jnm21
Posts: 441
Likes: 167
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Post by jnm21 on Feb 5, 2018 10:35:24 GMT
What a surprise! Glad I sold out of this one. Nah, I like surprises, hence happy I bought more of this one while PM knew that the 1st payment was late & did not tell me! Life would be boring without that kind of stress! [goes to google definition of mis-selling] www.fsa.gov.uk/library/communication/pr/2003/052.shtmlHmm... "No 7: A firm must pay due regard to the information needs of its customers, and communicate information to them in a way which is clear, fair and not misleading."
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Spv 81
Feb 13, 2018 21:18:00 GMT
via mobile
Post by propertycalf on Feb 13, 2018 21:18:00 GMT
When are we expecting our payment?
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Spv 81
Feb 15, 2018 12:24:27 GMT
via mobile
Post by propertycalf on Feb 15, 2018 12:24:27 GMT
Yippee.. Seems to be late around a similar time
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Spv 81
Apr 23, 2018 20:43:18 GMT
Post by andycomro on Apr 23, 2018 20:43:18 GMT
Hi. Does anyone knows what's going to happen next? Are we still getting rent until the properties are sold?
Cheers,
Andy
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hazellend
Member of DD Central
Posts: 2,363
Likes: 2,180
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Spv 81
Apr 23, 2018 21:19:10 GMT
via mobile
Post by hazellend on Apr 23, 2018 21:19:10 GMT
Hi. Does anyone knows what's going to happen next? Are we still getting rent until the properties are sold? Cheers, Andy Yes there is a rental guarantee
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pom
Member of DD Central
Posts: 1,922 
Likes: 1,244
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Post by pom on Apr 24, 2018 11:23:12 GMT
But the vote outcome was to bring forward the end of term so going by the procedure on other properties a 2 month notice period would have to be given to any tenants. I would assume that the guaranteed rent would leave along with the tenants. Annoyingly, the vote for SPV83 was to retain until end of term! Would have preferred it the other way round or both kept until term. I invested for the 3 year term not for a term of less than a year! Yet another thing Property Moose has mis-manage. The notice period wasn't required for all properties, only those where an inspection was going to be required. I didn't keep track but don't think it applied to ANY where there was underwritten rent, including some of the HMOs. In this case in fact I seem to recall there was a hope that the remainder of the underwritten rent contract could be transferred with the property thereby potentially increasing it's value.
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Post by andycomro on Apr 24, 2018 19:53:53 GMT
But the vote outcome was to bring forward the end of term so going by the procedure on other properties a 2 month notice period would have to be given to any tenants. I would assume that the guaranteed rent would leave along with the tenants. Annoyingly, the vote for SPV83 was to retain until end of term! Would have preferred it the other way round or both kept until term. I invested for the 3 year term not for a term of less than a year! Yet another thing Property Moose has mis-manage. To be honest the vote was a bit disappointing for me too. I also would have preferred if it would get to full term. When I look to invest I'm looking for long term, but that's that and can't be changed. I would have gladly bought the people who wanted out on second market (I actually did that until they got rid of the second market), just to keep the property under contract.
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hazellend
Member of DD Central
Posts: 2,363
Likes: 2,180
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Spv 81
Apr 24, 2018 20:02:14 GMT
via mobile
jnm21 likes this
Post by hazellend on Apr 24, 2018 20:02:14 GMT
But the vote outcome was to bring forward the end of term so going by the procedure on other properties a 2 month notice period would have to be given to any tenants. I would assume that the guaranteed rent would leave along with the tenants. Annoyingly, the vote for SPV83 was to retain until end of term! Would have preferred it the other way round or both kept until term. I invested for the 3 year term not for a term of less than a year! Yet another thing Property Moose has mis-manage. To be honest the vote was a bit disappointing for me too. I also would have preferred if it would get to full term. When I look to invest I'm looking for long term, but that's that and can't be changed. I would have gladly bought the people who wanted out on second market (I actually did that until they got rid of the second market), just to keep the property under contract. I liked this property for the long term but just wanted out of property moose because I’m so fed up with my experience. Had I held this property on PP I would have held on to it.
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hazellend
Member of DD Central
Posts: 2,363
Likes: 2,180
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Spv 81
Apr 24, 2018 20:06:17 GMT
via mobile
Post by hazellend on Apr 24, 2018 20:06:17 GMT
To be honest the vote was a bit disappointing for me too. I also would have preferred if it would get to full term. When I look to invest I'm looking for long term, but that's that and can't be changed. I would have gladly bought the people who wanted out on second market (I actually did that until they got rid of the second market), just to keep the property under contract. I liked this property for the long term but just wanted out of property moose because I’m so fed up with my experience. Had I held this property on PP I would have held on to it. I had a significant holding so I don’t think it would have shifted on the SM
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jnm21
Posts: 441
Likes: 167
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Spv 81
Apr 25, 2018 8:21:10 GMT
Post by jnm21 on Apr 25, 2018 8:21:10 GMT
The only good thing about the sale (aside from exiting a PM BTL) is that it should bring forward propertymoose promise of compensation for the failure to pay rent on time (it was reasonable to wait until ties are cut). I am keen to see where that goes (though not spending it just yet). I do wonder, if 83 is being kept (and what about the 7th flat - I wonder if it has been sold) - will 81 have to wait until 83 completes? Probably another one that PM didn't foresee. |
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