A business dealing with empty homes is inevitably fraught with stories of family dramas, death, probate and mental health, which Kalms and Radstone soon realized was often why they fell into this state. This forced them to upskill as property entrepreneurs.
Their initial database of empty and derelict properties was compiled from addresses they recorded when driving past the properties while they were out and about. Although their database was growing, it was at nowhere near the rate they needed. To date, the company has given away 6,857 £20 vouchers to people who have reported a property, while 128 individuals have earned the '1% of the purchase price' reward for a successful property purchase.
The entrepreneurs are stepping in where local councils have failed to deal with houses that should be homes once again. Traditional agents generally steer clear of marketing such dwellings because of the challenges of tracking down owners, identifying why the properties are in such a neglected state and the fact that members of the public struggle to gain mortgages for properties requiring extensive renovation.
Bourgeois
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