Hi all, are there any property owners here that collect rent as business?
We've just completed a very successful property development and I am now in posession of 6 high end residential apartments, all unencumbered.
I plan to rent these units out as acting landlord and estimate a rental income of between R80 000- R100 000 / month in rental income.
What would you do if you had this opportunity? More specifically, how would you:
- manage cashflow?
- manage tenant deposits?
- manage tax payments
- invest your income?
- handle maintenance?
- handle tenants?