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Has anyone had a letter or had dealings with this company? I received a letter from them today offering long term rental contracts for HMOs but for the government - they apparently get a fee but the landlords gets all the rents paid directly from the government.
We've had a letter too. Our HMO's are in Aylesbury. Are yours there too? My thoughts are - where are the tenants coming from? They may be homeless, or on temporary housing list. They say it would be market rent, but I doubt it. What track record have they got?It's a new company, registered Feb 19.First glance they seem to be same as dozens of other chancers who've done a property course and been sold the HMO dream of making a fortune off the back of landlords with existing HMO's. I left my details for a call back 2 days ago - not heard anything yet.Guess you've realised by now I'm VERY sceptical, but will have the conversation to assess their credibility. My mantra - if it sounds too good to be true, it usually is! Still, would like to hear your and others thoughts.
I had a quick look through their website which shows the standard contract they use. I am not overly familiar with rent to rent contracts but having read through this briefly, you would be giving them power of attorney to exercise rights over your property, as well as potentially take on board quite substantial risks. At the minimum i would have to employ a solicitor who specialises in this area, to carfully line by line review just what the agreement ties you into!
To my eyes is seems these deals are easy to get in to as a landlord, but very difficult to extricate yourself if things go wrong.
There is something highly suspicious about this imho.The address for the company is:20-22 Wenlock Road, LondonN17GUThe address looked familiar and then I remembered where I had seen it before - its the same address as Better Sourced Limited . Go and have a look who runs this company.These are serviced offices, so it might just be a coincidence.So to summarise - two young people looking like they are undertaking Rent to Rent, the address, the apparent link to certain individuals, the claims of being instructed by the Government. This needs further clarification imho.
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
Interesting. Their website hasn't been up-dated with that address. It shows the company as being located in Bournemouth.
Here is their website - doesn't give much away other than they are looking for landlords and "investors".There is a paragraph about "having the Home Office as your tenant" which suggests asylum seekers to me.However, no mention of this company on the Government procurement list:The Home Office formally awarded contracts to the following providers:
There is also reference to sourcing private finance although there is no "Capital at risk" notice that I could see:Here at the Bradley Greenford property group, our vision is to provide investors alike with exciting projects which yield both financial reward with charitable impact. We strive to take the risk out of investing, giving our investors a high and inevitable return on investment which enables future planning, whilst helping good causes.This video shows that this company does not know how to spell the word "tenant", which doesn't bode well imho:
Screenshot from conversation with Solicitor Giles Peaker on twitter ...