Results 1 to 9 of 9

Thread: Landlording as a business

  1. #1
    Silver Member
    Join Date
    Aug 2014
    Location
    Johannesburg
    Posts
    310
    Thanks
    26
    Thanked 17 Times in 15 Posts

    Landlording as a business

    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?

  2. #2
    Gold Member Houses4Rent's Avatar
    Join Date
    Mar 2014
    Location
    Cape Town
    Posts
    761
    Thanks
    7
    Thanked 55 Times in 51 Posts
    Hi

    I might be able to help with some components. Best is contact me offline.
    Houses4Rent
    "We treat your investment as we treat our own"
    marc@houses4rent.co.za www.houses4rent.co.za
    083-3115551
    Global Residential Property Investor / Specialized Letting Agent & Property Manager

  3. #3
    Diamond Member HR Solutions's Avatar
    Join Date
    Mar 2013
    Location
    Capetown/Jhb
    Posts
    3,329
    Thanks
    113
    Thanked 214 Times in 202 Posts
    Good luck - the one thing you left off was - "manage tenants that don't pay" !
    HR Solutions - Recruitment Specialists - Johannesburg & Capetown Tel: 0861-045-263
    Upload your CV @ www.2hrs.co.za

    Biometric Fingerprint Criminal Checks (AFIS)

  4. #4
    Gold Member Chrisjan B's Avatar
    Join Date
    Dec 2007
    Location
    GEORGE
    Posts
    610
    Thanks
    234
    Thanked 72 Times in 65 Posts
    That will be manhandling then....

    BOVER Technologies
    - computer sales and TeamViewer support
    Elmine Botha Freelance Photographer - Photographer/ Videographer

  5. #5
    Gold Member Houses4Rent's Avatar
    Join Date
    Mar 2014
    Location
    Cape Town
    Posts
    761
    Thanks
    7
    Thanked 55 Times in 51 Posts
    Quote Originally Posted by HR Solutions View Post
    Good luck - the one thing you left off was - "manage tenants that don't pay" !
    No, definitely not manhandling. If one does the homework properly before handing over the keys the bulk of the work is done. If non or late payment is still an issue there are (legal) solutions too, but al has to be put in place at inception.
    We do this since 7 years and are specialised on that. Nobody else in RSA is doing what we are doing.
    Houses4Rent
    "We treat your investment as we treat our own"
    marc@houses4rent.co.za www.houses4rent.co.za
    083-3115551
    Global Residential Property Investor / Specialized Letting Agent & Property Manager

  6. #6
    Silver Member
    Join Date
    Aug 2014
    Location
    Johannesburg
    Posts
    310
    Thanks
    26
    Thanked 17 Times in 15 Posts
    Quote Originally Posted by Houses4Rent View Post
    No, definitely not manhandling. If one does the homework properly before handing over the keys the bulk of the work is done. If non or late payment is still an issue there are (legal) solutions too, but al has to be put in place at inception.
    We do this since 7 years and are specialised on that. Nobody else in RSA is doing what we are doing.
    You mean you are the only people screening tenants in RSA?

  7. #7
    Diamond Member HR Solutions's Avatar
    Join Date
    Mar 2013
    Location
    Capetown/Jhb
    Posts
    3,329
    Thanks
    113
    Thanked 214 Times in 202 Posts
    Quote Originally Posted by Basment Dweller View Post
    You mean you are the only people screening tenants in RSA?
    I don't think that is what he said ...... he said he has been doing it for quite a long time and obviously has a proven method to eliminate most non payers ......
    HR Solutions - Recruitment Specialists - Johannesburg & Capetown Tel: 0861-045-263
    Upload your CV @ www.2hrs.co.za

    Biometric Fingerprint Criminal Checks (AFIS)

  8. #8
    Gold Member Houses4Rent's Avatar
    Join Date
    Mar 2014
    Location
    Cape Town
    Posts
    761
    Thanks
    7
    Thanked 55 Times in 51 Posts
    I hope we are not the only people who screen tenants. I am sure we not alone.

    However, I did not want to advertise here so I was a bit cryptic.

    All I can say is that where we are unique is that we are paying our owners on the first regardless when our tenants pay. Total non payment of rent is still paid to the owners up to 3 months and evictions are free. In order to shoulder that risk one has to be extra sticky when screening. If anybody is interested give me a call or simple go to our website.
    Houses4Rent
    "We treat your investment as we treat our own"
    marc@houses4rent.co.za www.houses4rent.co.za
    083-3115551
    Global Residential Property Investor / Specialized Letting Agent & Property Manager

  9. #9
    Diamond Member Vanash Naick's Avatar
    Join Date
    Sep 2011
    Location
    lenasia
    Posts
    3,281
    Thanks
    849
    Thanked 693 Times in 607 Posts
    Blog Entries
    2
    Quote Originally Posted by Houses4Rent View Post
    No, definitely not manhandling. If one does the homework properly before handing over the keys the bulk of the work is done. If non or late payment is still an issue there are (legal) solutions too, but al has to be put in place at inception.
    We do this since 7 years and are specialised on that. Nobody else in RSA is doing what we are doing.
    I don't doubt that. The real problem is that one can only evict a tenant with a court order. There is no legal way around this...
    “The philosophers have only interpreted the world, in various ways. The point, however, is to change it.” Karl Marx
    vanash.naick@gmail.com
    TFSA Disclaimer
    Local Music with a grassroots touch


Similar Threads

  1. Strategy to get involved with business and business investment
    By Quickben in forum Business Finance Forum
    Replies: 12
    Last Post: 11-May-14, 12:19 PM
  2. Business is Simply Business. Or is it that simple?
    By businessmentor4u in forum Entrepreneurship and Business Management Forum
    Replies: 18
    Last Post: 24-Apr-12, 03:28 AM
  3. Business Structures & Business Bank Account in SA
    By nigelm in forum Business Finance Forum
    Replies: 4
    Last Post: 08-May-10, 04:57 PM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •