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We own 4 properties which we acquired through Top Rental Returns which we acquired just over 12 months ago. Over this period, two properties have been fine, but the other two havent. We got tenants at one point in properties 3 and 4 but they never paid rent aside from the initial month and so both had to be evicted.
We understand the third property has been rented again, but dont know yet when the tenant will move in. The 4th property was vandalised while vacant and we are waiting for the insurance company to come through with a cheque to repair – so far this has taken more than 3 months.
In 12 months, the net cash yield, pre debt, across all 4 properties is essentially zero
Interested to hear how others are going. We may have been unlucky and fingers crossed for a much better year next year!!!!
We will update on progress.