Placement Rental Process
01.
Initial Property Assessment
We arrange a convenient time to view your property, take high-quality photos, and gather all the information needed to start the advertising process.
02.
Advertising
We market your property on all major portals, including Property24 and Private Property, to attract suitable tenants.
03.
Viewings & Checks
We conduct in-person viewings with potential tenants. When a client shows interest and wishes to apply, we complete all necessary ITC, affordability and reference checks.
04.
Lease Agreement & Payment
If the applicant’s records are in good standing and they can afford the property, we draft the lease agreement and arrange for all parties to sign. We collect the tenant’s deposit and first month’s rent, and pay the deposit over to the landlord.
05.
Handover
After the lease is signed, the landlord assumes full responsibility for the tenant and property, including inspections, key handover, deposit management and rent collection.
06.
Cost of Service
The fee for this placement service is equal to the first month’s rent. We do not charge any renewal fee after the initial 12-month period.
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Managed Rental Process
01.
Initial Property Assessment
We arrange a convenient time to view your property, take high-quality photos, and gather all the information needed to start the advertising process.
02.
Advertising
We market your property on all major portals, including Property24 and Private Property, to attract suitable tenants.
03.
Viewings & Checks
We conduct in-person viewings with potential tenants. When a client shows interest and wishes to apply, we complete all necessary ITC, affordability and reference checks.
04.
Lease Agreement
If the applicant’s records are in good standing and they can afford the property, we draft the lease agreement and arrange for all parties to sign.Â
05.
Collection of Payment
After the lease agreement is signed by all parties, we collect the deposit and first month’s rent. The tenant’s deposit is invested in an interest-bearing trust account as required by law.
06.
Inspection & Key Handover
Prior to occupation, we conduct a detailed video inspection of the property’s current condition to protect all parties, then proceed with the key handover to the new tenant.
07.
Rental Management System
We load your property on our bank integrated rental management system from where invoicing, statements and deposits are managed.
08.
Utility Accounts
We arrange with Body Corporates and Council to receive your monthly accounts to enable us to bill tenants acordingly.
09.
Invoices & Statements
Each month we invoice the tenant for rent and utility charges between the 25th and 26th. Once payment is received, the accounts are paid (unless otherwise requested by the landlord) and the balance is paid over to the owner. A detailed statement is sent to the landlord by the 10th of each month.
10.
Maintenance Coordination
When a maintenance issue is reported, we contact you first to discuss the matter. We can then arrange trusted contractors, obtain quotes, or work with your preferred service providers as needed.
11.
SARS Tax Statements
At the end of each financial year, a tax statement is sent to the landlord to facilitate an easy return to SARS.
12.
Cost of Service
The cost of marketing, finding the tenant and the initial inspection is 50% of the first month’s rent. The ongoing management fee is 9.5% per month of the rental amount (not the invoiced amount).