Hello
Something I have been thinking about a lot recently - food for thought.
I used to have a portfolio of property that was based around cheaper ex local authority 2 bed flats. I realised after a fair few years that the type of tenant I was atracting was doing my nut - doing runners, not paying, not cleaning etc - and I had enough.
I ditched them all in auction last month.
I am now looking at offering tenants a lifestyle. For the same amount of money tied up in a council flat I can buy a penthouse on a gifted deposit and furnish it to a good standard. I spent the day with a chap that supplied furniture today - and they offer a design service so that you can walk into a property and say "wow I want to live here"
I like this concept of offering my tenants a lifestyle rather than a vacant flat.
any views - anyone do this?
I dont mean just furnish property -I mean buy quality property ie penthouses and kit them out in style?
Is there a market for it? or is it a waste of space?
Something I have been thinking about a lot recently - food for thought.
I used to have a portfolio of property that was based around cheaper ex local authority 2 bed flats. I realised after a fair few years that the type of tenant I was atracting was doing my nut - doing runners, not paying, not cleaning etc - and I had enough.
I ditched them all in auction last month.
I am now looking at offering tenants a lifestyle. For the same amount of money tied up in a council flat I can buy a penthouse on a gifted deposit and furnish it to a good standard. I spent the day with a chap that supplied furniture today - and they offer a design service so that you can walk into a property and say "wow I want to live here"
I like this concept of offering my tenants a lifestyle rather than a vacant flat.
any views - anyone do this?
I dont mean just furnish property -I mean buy quality property ie penthouses and kit them out in style?
Is there a market for it? or is it a waste of space?