Once you are registered on the platform and have passed the investor appropriateness test, you will be able to invest in fractions of residential buy to let investment property. These fractions entitle you to receive the proportional amount of rental income and capital value derived from the specific property in question.
The investment amount you choose to invest is the total you pay and includes all the following:
Stamp duty, legal & other closing costs, 3% Cahootz fee, and a contingency fund.
The following expenses are taken directly out of the monthly rent that the property generates:
Management & lettings, service charge, short term rental costs, refurbishment fund, insurance, SPV admin, Cahootz 3% fee, and ground rent (if applicable).
Depending on the properties you invest in, you will receive your proportionate share of the rental income as a dividend either monthly, quarterely, or bi-annually.
A full breakdown of these costs for each property is shown on the platform.
Through your portfolio dashboard, you can see all the relevant information regarding the property, including the running costs, maintenance, and tenancy performance.
Cahootz takes care of all this and provides you with a clear view of exactly what is going on with your property at any given time.