EasyProperties launching 1 July

mr_norris said:
I have mixed feelings about EasyProperties. Yeah, it's a nice to have if you want property of some sort but don't want to deal with tenants / bond / have a REIT. But if it's dividends you are after, it's not for you. You get paid out much more dividends with something like Satrix Prop while investing a LOT less.

My figures:

* Purchase value: R33918.98
* Transaction costs: R419.32
* Current value: R36394.39
* Growth: 7.3%
* Bought: April 2021
* First dividend payout: Feb 2022
* Dividend payout: R373.11
* Platform fee: R143.67
* VAT on Platform fee: R21.55
* Dividend Tax: R74.62

What's left of my dividend after all those costs? R133.58. It's no deal breaker, but I am not impressed at all.
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I've been thinking about this post and reading some of the docs. Thought I'd just comment in case some is scared off if they saw this.

I had forgotten that this was a new property. Looks like tenants only took occupation mid November, so the dividend is for Q4 (I am unsure if this would be Oct -> Dec, or Nov -> Jan - I assume the former). Should get dividends paid out quarterly, so the blow won't be as bad next time. I also assume the platform fee will only nail one of the 4 dividend payouts.

It's not all that bad really - but it is still sad to see two thirds of the dividend go bye bye :D
 
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mr_norris said:
I've been thinking about this post and reading some of the docs. Thought I'd just comment in case some is scared off if they saw this.

I had forgotten that this was a new property. Looks like tenants only took occupation mid November, so the dividend is for Q4 (I am unsure if this would be Oct -> Dec, or Nov -> Jan - I assume the former). Should get dividends paid out quarterly, so the blow won't be as bad next time. I also assume the platform fee will only nail one of the 4 dividend payouts.

It's not all that bad really - but it is still sad to see two thirds of the dividend go bye bye :D
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Lies, you just want to sell your shares! :ROFL:
 
New to this whole Easy stuff. Only signed up to EasyEquities a few days back and EasyProperties looks interesting also. Can't wait to be rich like the rest of you guys.
 
Reviving this thread.

How's everyones investment doing?

Bought some shares in the Six On N, property - just a small amount to test it out.
 
Priapus said:
Reviving this thread.

How's everyones investment doing?

Bought some shares in the Six On N, property - just a small amount to test it out.
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Reviving again.

Anyone care to share their investment returns? Not many actual figures to be found
 
mr_norris said:
I have mixed feelings about EasyProperties. Yeah, it's a nice to have if you want property of some sort but don't want to deal with tenants / bond / have a REIT. But if it's dividends you are after, it's not for you. You get paid out much more dividends with something like Satrix Prop while investing a LOT less.

My figures:

* Purchase value: R33918.98
* Transaction costs: R419.32
* Current value: R36394.39
* Growth: 7.3%
* Bought: April 2021
* First dividend payout: Feb 2022
* Dividend payout: R373.11
* Platform fee: R143.67
* VAT on Platform fee: R21.55
* Dividend Tax: R74.62

What's left of my dividend after all those costs? R133.58. It's no deal breaker, but I am not impressed at all.
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I see I posted my investment here. Current stats, with all costs since investing:

* Current value: R36 912.78
* Profit / Loss: +8.83%
* Total Dividends received: R1 628.95
* Statutory costs: R80.13
* IPO fees: R339.19
* Feb22 Platform fee: R165.22
* Feb22 Dividend tax: R74.62
* May22 Platform fee: R61.23
* May22 Dividend tax: R91.58
* Aug22 Platform fee: R62.61
* Aug22 Dividend tax: R91.58
* Nov22 Platform fee: R63.30
* Nov22 Dividend tax: R82.95
* Feb22 Platform fee: R67.40
* Feb22 Dividend tax: R66.51

So out of the dividend payouts, about R800 came to me, and that spread over 5 payouts isn't much. The statutory costs and IPO fees came out of my initial investment amount, so at least that hasn't eaten away at the dividends.

I haven't put any more money into Easy Properties - I thought about investing in a particular property but life got in the way and I forgot about it, and that money went to my TFSA instead. My gripes with EasyProperties remain:

* The initial investment is expensive
* The platform fees are a bit on the steep side
* It's a pain to invest a specific amount that you want to if the property is over subscribed before the IPO closes
 
SauRoNZA said:
Why would one wand to use this for the exorbitant costs over simply doing a properly based ETF?
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Lack of financial literacy. The only time you want to invest through the auction process where you may get some shares at a significant discount to the ipo price. Since it’s fairly easy to flood the market.
 
beefymoocow said:
Lack of financial literacy. The only time you want to invest through the auction process where you may get some shares at a significant discount to the ipo price. Since it’s fairly easy to flood the market.
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Yeah I guess it comes down to the old "some saving is better than no saving" mantra, but I just look at these eye watering costs and just don't get it.
 
Latest payment today and mine went from > R500 last time to < R200 this time. Tried to offload some of my property on the auctions but it looks like much more sellers than buyers. I won't invest anymore with them and can't wait until the investment period ends and they offload the property I own. Then I can get my money out.
 
pkid said:
Latest payment today and mine went from > R500 last time to < R200 this time. Tried to offload some of my property on the auctions but it looks like much more sellers than buyers. I won't invest anymore with them and can't wait until the investment period ends and they offload the property I own. Then I can get my money out.
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Mine is much the same by the looks of my last post:

* Dividend: R332.41
* Dividend Tax: -R66.48
* Platform fee: -R54.00
* VAT on platform fee: -R8.10

It's very much a big MEH but I'm going to leave it there. If there comes a time I really need to pull out, then I have bigger problems.
 
The investment period for some of the properties will be ending this year and next year. Please update us on your experience. I have bought some shares on a heavy discount.
 
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