Studio Apartments

We would like to inform you that InRento has transferred the investors the share of the profit of InRento, which is distributed on the sale of the Project Assets. Which for a number of investors has increased the amount that would be distributed in a profit payout. For a detailed explanation please read below.

Previously, the investor’s profit share was set based on the investment amount:

Invested up to EUR 15,000 – 45%;
Invested from EUR 15,000 EUR (inclusive) up to EUR 30,000 – 50%;
Invested from EUR 30,000 EUR (inclusive) – 55%.

After InRento has transferred its share of the profit, all investors’ share of the profit is equal to 55%. However, based on the amount invested, an accounting fee may be applied:

Invested up to EUR 15,000 – 0.18;
Invested from EUR 15,000 (inclusive) up to EUR 30,000 – 0.09;
Invested from EUR 30,000 (inclusive) – 0 (investment terms have not changed).

In the case of this project, for a certain group of investors in case of profit payout, the net amount grows. Below you can find an example and comparison of how a payout of 100 EUR changes based on the previous and updated structure:

Previous structure:

Invested up to EUR 15,000 – payable profit 45 EUR = 45% * EUR 100;
Invested from EUR 15,000 (inclusive) up to EUR 30,000 – payable profit 50 EUR = 50% * EUR 100;
Invested from EUR 30,000 (inclusive) payable profit 55 EUR = 55% * EUR 100 (investment terms have not changed).

From now:

Invested up to EUR 15,000 – payable profit 45.1 EUR = 55% * EUR 100 * (1-0.18). The amount grows. 
Invested from EUR 15,000 (inclusive) up to EUR 30,000 – payable profit 50.05 EUR = 55% * EUR 100 * (1-0.09). The amount grows. 
Invested from EUR 30,000 (inclusive) payable profit 55 EUR = 55% * EUR 100 * (1-0.00). Investment terms have not changed. 

We are introducing this fee in order to optimize and standardize the methodology of internal accounting procedures and resources, due to the reason the payable amounts and percentages range between projects. This is an operationally intensive process. Additionally, for every payment InRento facilitates, it pays service fees to payment services providers, and in order to ensure cash flow positive operations, a decision was taken to introduce a percentage based tariff on profit rather than gross project profit.

We would like to clarify that investors’ interest from a share of the profit to be distributed on the sale of the assets will be paid out net, which means all applicable fees will be deducted before payment.

We would like to inform you that the monthly interest from project owner was received on time. However, due to issues we are facing on the payment processor’s side we can not process the payments correctly. Interest payment for this project is received and the funds are secured in escrow account. We are aiming to distribute these payments as soon as possible on the upcoming business days.

The project – Studio Apartments rental contracts were under review.

As a result, the rent increased from 1350.16 EUR to 1592.25 EUR per month. This means, that the annual current return to investors rises from 7.36% to 8.69%.

If you have any questions, do not hesitate to contact us at: info@inrento.com or call us at +37069347427.

We are pleased to inform you that a new rent contract has been signed for Studio Apartments project. The contract is valid for one year. The project occupancy is again at 100% and rental income (interest) for investors hasn't changed: +7.36% per annum.

In case of any questions, do not hesitate to call: +37069347427 or write an email to info@inrento.com

We would like to inform you that one of the six tenants did not extend the lease. The project owner will try to find a new tenant to keep the project occupancy at 100%. Currently, the properties are generating 1.250 EUR per month of rental income.The net monthly rental yield is 1.125 EUR that is distributed to the investors.

Investors will receive the full amount of the next payment. 

In case of any questions, do not hesitate to call: +37069347427 or write an email to info@inrento.com

We would like to inform you, that the mortgage on the Studio Apartments assets has been successfully placed (document is attached in the documents section) by the project owner and that the investment will distribute interest for the previous month on April 15th. The interest for investments carried out in the month of April, will be distributed in May, until the 15th day.

If you have any questions, do not hesitate to contact us at info@inrento.com or call us at +37069347427. 

InRento team