I have an opportunity to purchse 4 retirement village units that are offering a good net return, the rent is government subsidised but the investment income is pooled, that is, all income from the complex is pooled together expneses taken out then split and paid to the owners.
I have not had any dealings with this type of investment before, can anyone offer any advise on this type of investment?
Appreciate any feedback on investment pooling.
Thanks.
mqs5
mqs5, this isn’t necessarily a bad thing. It actually then takes away the worry that the manager will only put people in his units, or his friends units etc.
If they are generally fairly stable tenants (which I’m assuming retirees are), then it would only matter whilst one of the ‘residents’ moved on, and another was found to replace them.
The main thing you would want to check is the occupancy rate though.
Cheers
Mel
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