I have my fingers crossed that someone out there actually has clients in their appartment and is now recieving a rental income. Please post here if this has happened to you and give us all some good news.
Also - does anyone know if the supermarket, riding school etc is started yet?
I am trying to figure out how much actual income after tax and fees will be available to offset the mortgage. I now that Peninsula will take 30% management fees (of the gross yield) and with taxes we'll lose at least 20% but if anyone has a better estimate thta would be appreciated. I have been told the rental yield will be 5% of the original property cost (not inc IVA, funiture sol fees etc).
This message was last edited by thelooney on 4/8/2009.