[londons_explore]

> Proptee is responsible for managing the entire investment portfolio. Operating fully in-house allows us to keep your fees to the minimum. At the moment, we charge only a small management fee of 0.85%.

So Proptree is going to find tenants, clear blocked drains and repair leaking roofs all for 0.85%?

Or are they going to hire their mates to do it out of the capital amount, who will take massive commissions?

[mytailorisrich]

It has to be 0.85% of what people invest, so 0.85% of the fund value, which is ~ the capital amount.

So for a £300k house that rents for £9,600 pa I read that as their fee is £2,550 pa, not £81.6 pa... A letting agent would probably take ~15% of rent so ~£1,450 pa. Repairs are generally charged in addition to the management fee and it's quit possible that they will do the same by deducting the costs from the fund.