Originally Posted by blackersmanda

Hi Simon,
We didn't find out about the "other" charges until we received the info' pack from Imocom. I'm going to email Azy to say we don't require a telephone line nor computer connection, I think most people would use their mobile, or a public phone, and if they want computer connection, a laptop and dongle or blackberry could be used. I'm going to suggest that they set up an internet zone in reception (as most hotels have) and then they could charge people for the use.
I'm more concerned about the advertising costs, as we were led to believe that the 40% share of the rental taken by Imocom would cover this. Azy just says that this is normal practice. Perhaps other owners reading this could comment on this.
We weren't given any "guaranteed" rental returns, but the agent told us "realistically" our share of the rental would be approx 18000e per annum on a T2. Which would well cover mortgage outgoings.
We won't own the apartments until we sign the deeds, likely to be Sept, and Imocom intend to let them out in Jul, Aug, and Sep, to generate income as soon as possible. I'm not sure of the legalities of this (are we then buying pre-owned, certainly pre-used properties?) however the way the rental returns are diminishing, I'm going to need as much, as quickly as possible.