Should I sell or risk tenants buying at undervalue price?9:08 AM, 25th September 2019
About 4 weeks ago 48
Congratulations to Andy Graham and Nick Morris of Smart Property who have smashed their £150,000 crowdfunding target via Crowdcube in just over a week.
Andy Graham contacted me yesterday via Facebook messenger to draw my attention to their project. At the time it was 80% funded so I decided to dig a bit deeper and I have to say I was impressed. So impressed in fact that I decided to invest myself!
I’ve never really been a fan of Rent to Rent but after grilling Andy for several hours via Facebook messenger and reading all the questions and responses on the Crowdcube website I was sold.
Here’s the Smart Property promo video which hooked me in very quickly due its professionalism …
At the time of writing this article they are over-funding and have raised 127% of their £150,000 target.
I have not been paid to write this article or received any other form of benefit.
So why did I write it?
As an investor in this business now I am clearly sold on the ability of Nick and Andy to deliver. It goes MUCH further than that though.
The concept of Rent to Rent has always been fatally flawed so far as I’m concerned due to a variety of issues having not been satisfied. The issues include insurance, licensing, VAT if the management contract model is used and breach of property owners mortgage conditions if long leases with permission to sublet are used to name but a few. Nick and Andy are the first to satisfy all of my concerns and for this reason alone I’ve decided to back them to the tune of a £1,000 investment. Whether they will be successful or whether I lose every penny of my investment remains to be seen but to have persuaded me to get my wallet out they are very special people indeed and I wish them all the best.
A link to the Smart Property crowdfunding pitch can be viewed HERE
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