; Amateur Property Investor: Man of "Letters"

Monday, 4 December 2006

Man of "Letters"

My Birmingham Park Central apartment is to be let by a company called Arkade Properties. I checked out their website and they seem to have a good coverage of the central Birmingham area which bodes well and the typical rent they are charging is above what Serliana originally forecast in their spreadsheet. The only negative I noticed was that they appeared to be charging more for property management than was forecast.

My feeling was that as Serliana advertised themselves as being able to negotiate discounts from letting agencies then I shouldn’t be paying the full whack. I contacted Serliana and after a few email exchanges I established that I was indeed getting a discount which brought us under what they had suggest we provision in their cost spreadsheet which is more good news.

I’ve still heard nothing from Breytenbachs regarding Park Central, I can only suppose that it is now the original date of 10 January for completion (I could ring them but I’m beginning to feel like an expectant father ringing the hospital every 5 minutes to ask for updates!). Got a call from Jamie at Serliana who said that they were coming to Birmingham to inspect the Park Central properties that they had brought themselves and would I like them to check mine out. I guess it’s a good sign that the property investment company are buying the same properties themselves.

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