Relocation to the United States whilst still owning 7 properties in the UK
Case Study
Ms P’s imminent wedding and relocation to live with her new husband in Los Angeles crystallized her need to resolve long-standing problems with the former property-managers of her 7-property portfolio. Signing-up the services of 1st Asset in May 2010, she signed a limited Power-of-Attorney declaration to give 1st Asset the authority to handle the handover of all tenancies, deposits, insurance and mortgage communications. Two sets of annual reporting – for the US and UK authorities respectively – keep the tax side straightforward, and a total property refurbishment of one property was recently accomplished whilst the owner resided happily 6,000 miles away – without her having to lift a finger.