'Sounds interesting to us at LettingFocus Towers but we wonder if we could have more details, like for example, who will be managing the actual private rentals'.....
Sounds interesting to me too. Blocks of flats purchased as homes already experience horrendous problems with managing agents and freeholders and these have been compounded further by amateur PRS landlords and unregulated letting agents crossing over into the mix.
It's also been my experience that councils don't want to get involved much in private renting outside of HMOs's.
So, is there any reason to think that developments solely for rent are going to be managed any better? Are purchasers of these properties going to be legally compelled to belong to trade associations and provide proof of accreditation?
After all, it's a whole other world outside the cosy environment of the NLA, et al.
Miss Sharon Crossland AIRPM