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Very emotive PNB, but your comments bear no resemblence to fact. Legally and contractually, I don't know what "put the boot in" or "bullyboy" actually means. There are only rights and obligations. Enforcing LL rights and ensuring Tenants abide and carry out their obligations is what I do...

Indeed - that was confirmed less than 3 days ago. The board utterly rejected my most generous T&C's :p ....so, it's situation as normal. They remain as tenants and I sit in the background as some boring ol' passive rent collector. :) Complete waste of time all round really.

I wrote to the CFO two weeks ago, stating my position. I gave him a deadline 'til the end of August to either put up or shut up. The "put up" part is to convert the quirky written down 2 liner in an email into a formal written unconditional offer to purchase. The "shut up" part is a...

I disagree John. It's not as simple as that, for you may be dumping a stellar future performer for a short term gain, the proceeds of which, you may be pouring into a future dud. We have had quite a few offers on our properties over the years, some well above market.....but in 20/20...

Thanks Keith, For me, it’s fairly easy to reply, cos I get notes like this all the time from my Bankers and other property professionals. All of ‘em have way more knowledge than me on macro-markets, lastest comings and goings, latest trends on rates and fluctations, what’s happening on the...

I think we'll keep feeding it via the job for a wee bit longer, then switch to feeding it via excessive rents from other props later on, allowing me to ditch the job. Current breakeven capital appreciation rate is 0.9%, so if we get 1% p.a. growths or higher we're in front. I just did some...

Oh I dunno - you've actually walked around it and on it - something I haven't done as yet....:p Thanks for the PM.

Very true - nothing on paper....and we don't consider there is anything on paper until it's cash unconditional....so at this point she's situation normal. But if we decide to reply to their invite, it would start a process. He's got enough authority to talk to me on behalf of the tenant -...

Thanks Ben, 1. Cashflow would be the ideal - then I don't need to go cap in hand to the Lenders, especially in this environment where they say no before you've even asked the question. 2. 3 or 7 months - doesn't matter one bit. I've set myself up for 7.....which should be by CF by then...

Thanks wylie for your responses. We haven't considered selling any of the properties for a very long while now. It's just this "tentative open ended offer" dropped into our lap and we've been contemplating what it would do if we went ahead with it. Until it transforms into a formal cash...

Thank you one and all for replying to the thread. That's exactly what I was looking for....some good solid critical feedback from a different angle. This forum is excellent for that - discussing property stuff amongst investors who are emotionally removed from the situation. When you're...

The wife and I find ourselves in rather strange circumstances at the mo'....and thought I'd ask the forum what they would do in a similar position....IF they were able to share some of the background we've been through. I'll set the background by saying that everything is going swimmingly...