Our process
What is the typical process for working with your company?
Consultation Call
We would book a free 60 mins consultation, where we introduce ourselves and find out
your investment requirements needs and goals.
Source the market
We source the market looking for properties that match your requirements and goals. We spend lots of time building relationships with agents and viewing properties within our area. The agents we work with will pass us details that fit your requirements.
View properties
We view the properties with a professional builder. To make sure the building meets all the legal requirements and an overall valuation if there is any need of rovan to meet your target customers.
Full due diligiance
We use our deal analysers; We check the comparable rents in the area so we can estimate what rent the property can receive and what it can ideally cash flow for. Once we have figured out the expenditure of the property such as bills, furnish, deposits, and maintenance costs and what income the property can generate. We then work out the potential yield of the property, rate of capital employed (ROCE) and returned on investment (ROI) to present to you.
We send you the basic figures of the deal
Once the price is agreed and the property is off market, we will then send you the basic
figures and pictures of the deal. If the figures and pictures match your requirements, we
then send you a non-disclosure agreement.
We get you to sign a non disclosure agreement and run you through the analysis
Once the basic figures match your requirements. we will need you to sign a non-disclosure agreement (NDA) just in case you decide that the deal does not suit your investment portfolio. The NDA offers us protection that you can’t go to an alternative business partner or agent upon receiving the details of the deal and cut us out.
50% of Finders Fee paid
If you decide you want to go ahead with the deal, you will need to pay a reservation fee
(50% of the finder’s fee) to secure the deal. A fee is negotiated based on your yield- this would be discussed with as part of your free consultation. From there, we will send you over the deal pack which includes all of the analysis, access to our power team and we will alert the agent that you will be our business partner taking on the deal.
We Negotiate
Once we have crunched the numbers, we negotiate with landlords/agents so we can turn a reasonable profit for investors if all our numbers are correct. Once the price is negotiated and agreed, we get the agent to pull the property off the market, so the deal is only available to us.
72 hour timescale
If within the 72 hours you want to withdraw from the deal due to your due diligence
showing unforeseeable issues with the property such as its structural integrity, unseen
damages increasing the refurbishment costs making the deal no longer work or number analysis providing different figures, we will offer you full refund or the chance for us to find you an alternative property bespoke for your needs.
On going support through the deal
We will aid you throughout the process if you feel like you need it. You will have our
contact details so if you are looking for advice or having difficulties with solicitors,
builders, tenants, marketing. Please get in touch and we will try our best to help and
resolve! Upon completion of the deal and receiving the keys to your new asset, we will
send out an invoice for the remaining of the finder’s fee to be paid. Please don’t hesitate to contact us with any questions of the process!
Please make sure you do you own due diligence.
We have taken extreme care to analyse all our deals we sell with the most accurate and up to date information. The deals we sell are deals we would take on ourselves if we had the cash flow, staff, and time. Even though the upmost has been done to make sure that the rental property comparable, capital appreciation comparable are realistic and accurate to get you the yield, ROCE, and ROI we have presented to you. This is an investment and the market changes constantly. With any investment there is risk, and there is a risk you may not get the returns you have been originally presented and there’s a risk you could even lose money. Although unlikely, we strongly recommend you do your own due diligence on the property before going through with the deal as we will not be held financially responsible for any losses incurred.