Welcome To SingingPig.co.uk

Nope but I was quite impressed by his replies to my questions at http://www.singingpig.co.uk/forums/thread/931053.aspx Take a look. Contribute if you like.

Rich

They helped me big time !!!!!stick to they promises,alwayes return calles and e-mails.Colin is very professional person!

One Portfolio were providing good service before the sub prime crash and are still in business and thriving, that should tell you something.

I must be quite unfortunate. I purchased a property fom these guys which was in poor repair,average area. It was only on the near completion of this deal that I learned that they take a fee on both ends.

Even more fustrating  the letting agents in which they placed my property told me the property was rented but after a few weeks no monies into account apparently they took a fee from tenant and did a runner.

It seems the Piggie gremlins are back amongst us so I'm posting Colin's reply to the above post from my own email account.

Rich

Posted By: Colin Parker in Below Market Value (BMV) Discussion
Subject: Re: one portfolio
__________________________________

lowcross:

I must be quite unfortunate. I purchased a property fom these guys which was in poor repair,average area. It was only on the near completion of this deal that I learned that they take a fee on both ends.

Even more fustrating  the letting agents in which they placed my property told me the property was rented but after a few weeks no monies into account apparently they took a fee from tenant and did a runner.

 I am assuming that JW is James Wylie.

James sourced the property in question nearly two and a half years ago.

I would make the following comments:

-  James had a report on the condition of the property and had the option to proceed or otherwise.
-  I offered James the opportunity to back out of the purchase and offered to source another property.
-  Because James decided to continue I decided out of good will to pay a significant part - as a cash refund on his sourcing fee - towards the property repairs.
-  James was happy to proceed on this basis and was in full receipt of all the facts upon which to make a decision.
-  With regard to an 'average' area - we source and offer property in the valuation range c£100K.  Investors get very detailed information on any property we source and they are offered the property exclusively with no obligation to purchase.  Investors have many different personal factors to consider before purchasing - and we cannot be asked to make the passing judgement.  If James - or any of our investors - is not happy with a property for any reason they can simply reject it.  We will source and offer another property without question.

With regard to the lettings agency - at the time we were not offering a lettings service that we had any direct control over.  We advised investors to contact a local lettings agent who had been recommended by one of our investors.  Unfortunately there were subsequently problems with that agent and once I discovered this I immediately stopped recommending them. 

For the past 18 months we have been in partnership with a local lettings agency who have consistently provided the highest standard of service for our many investors.  As an average 93% annual tenant occupancy rate across c400 properties in 2009 proves.

I must of course say that our service has been constantly improved since James accepted a property in mid 2007.

We are - I am proud to say - widely acknowledged as one of the best 'Armchair' property companies to do business with.

I am sorry that James has found it necessary to post negatively about us - but my conscience is clear. 

We did our very best to give James exactly what he wanted at the time.

Colin Parker
www.one-portfolio.co.uk