They really do do a good deal. You put in the equivalent of two deposits. One covers all the work they do for you over about five years – and that includes acting as letting agents and property managers for the time you have up to five properties with them.
The second deposit goes into a property which they source for your below market value. They then refurbish this for you, find a tenant and then remortgage it – to release the deposit for the next property. And all you have to do along the way is sign bits of paper and send them back as quickly as possible.
I am impressed with how efficiently they do all of this. I am now starting on my second property with them. The first was let within days of the refurbishment being complete. I never hear a peep out of them. I guess there are no maintenance issues, as the refurbishment was done so well in the first place.
I’m pretty experienced myself with these things, so I can see that they’re doing well. I trust them so much that in neither case have I visited the property. They operate mainly around West Sussex, but are also looking at Portsmouth.
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