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Old 21-05-2008, 08:49 PM
Lysos Lysos is offline
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Join Date: Aug 2007
Posts: 311
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Quote:
Originally Posted by jaycee View Post
Hi everybody, just joined and wanted to share some info re MSR. Went over in early April to review progress and take a look at our T2. A lot of work still to do but not impossible. I have been corresponding recently with Azy and something everybody involved needs to be aware of.It is Imocoms intention to deduct marketting and commission costs from rental income before the 60/40 split. These he advised are between 20-25 %. We told him that is not what we were led to believe and that this is not acceptable. I suggest you all get on the phone to tell him the same.
Watch this space.
So, you are going to get (if you are lucky) 60% of 75%, i.e. 45% of any rental. Doesn't look so attractive now, does it ?. As for when the guarantee runs out........
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