Good News on PC

Got some good news from City Life on Tuesday, they had someone who wanted to make an offer on Park Central, hurrah! The couple wanted to move quickly (double hurrah) and be in the apartment by Thursday 1st March. Obviously suited us, so we asked City Life to run the usual background and credit checks and when they came back ok, we said ok!

Even though we got the apartment cheap and the letting fee is more than Serliana estimated, the cash from the let doesn't cover the mortgage which is a bit of a concern especially with the management fee taken out however its still a damn site better then paying mortages on your own house and the apartment. I guess the way to look at it is as if you were simply paying money into a long term savings account. Still I think for the next property that we buy we will look to make a small profit on.

I wasn't too sure if we needed to do anything or sign anything but apart from the inital agreement with City Life that seemed to be about it. There was a bit of an issue with the keys, I had left them with Arkade who were orginally marketing the property for us so I needed City Life to get them and have additional keys cut for themselves and for the lettor, unfortunetly they only picked up 2 of the keys so while the lettor can get in the building and the aprtment, they can't as yet get out on the balcony! Still plenty of time to get them the key and its not exactly balcony weather yet anyway.

Couple of things to confirm with City Life such as who holds the letters deposit, what are the arrangements for paying us the monthly fee, Serliana discount etc. Probably drop them a line later today. Its getting exciting again!