We’re on a mission to simplify property investment.
Property management
So that investing in property with us is as hassle-free as possible, Property Moose uses local agents to tenant and manage successfully funded properties for the duration of the investment term. By using agencies that have expert local knowledge, we hope to keep any void periods to a minimum and aim to secure the best rental yield possible.
Void periods and unreliable tenancies are a concern for anyone investing in property, and it’s no different if you invest through us. We try, however, to minimize the risk as much as possible by forming these adept partnerships.
As we are dedicated to providing a hassle-free experience, we want to ensure this management complies with our high standards. As a result, the cost of this is 10% (+VAT) of the monthly rental income. It is deducted from the rent before it is distributed to the Crowd on the last Friday of each month.
Maintenance and repairs
Unlike traditional homeownership, you won’t be asked to fix a leaky tap or unblock a drain.
There is a provision fund on each property investment, which is usually 1% of the purchase price per annum (please check each individual investment case as this may vary) and raised in the initial fund amount to cover any unexpected costs. The provision fund should sufficiently cover any maintenance costs for the full term and is put in place to encourage a consistent yield and to prevent rental income being affected by unforeseen costs. In the unlikely case that a provision fund is fully used within the term then any smaller costs afterwards would be deducted from the rental income before the remainder is distributed to investors.
The properties are covered by our own bespoke insurance policy and, if necessary, we can cover any uninsured costs via an interest free loan to the SPV. This means we can replace a roof or repair any malicious damage without a direct cost to the investor.
We will never ask you for more money to cover management costs, and you can view the projected income net of all expenses and fees in the ‘Accounts’ section of each property. We do it this way so that you know exactly what you should be getting for your money and there are no hidden charges.
Written by Jenna Kamal
Disclaimer and Legals
Property Moose does not provide any advice in relation to investments and you must rely on your own due diligence before investing. Please remember that property prices can go down as well as up and that all figures, rates and yields are projections only and should not be relied on. If in doubt, please seek the advice of a financial adviser. Your capital is at risk if you invest. This post has been approved as a financial promotion by Resolution Compliance Limited.
Property Moose is a trading name of Crowd Fin Limited which is an Appointed Representative of Resolution Compliance Limited which is authorised and regulated by the Financial Conduct Authority (no: 574048).
