There is no such thing as a standard lease! – 23 November 2020
Although most landlords will simply provide you their standard lease agreement, it may not be fit for your business purpose and contrary to your intention for concluding the lease…
ARE SHORT-TERM RENTALS STILL A SAFE AND VIABLE BUSINESS OPPORTUNITY? – 13 October 2020
A recent event at a Cape Town guesthouse has ignited serious concerns for landlords of short-term accommodation offerings, particularly about their ability to evict a non-paying tenant…
# What expenses are covered by the rental deposit? – 5 October 2020
Following a period of lockdown restrictions that put severe pressure on the income levels of many households, some landlords have had to go through the costly process of applying for a court order to evict defaulting tenants…
Renting Out Your Property
Author : Homeloans SA Renting out your Property – The Do’s and Don’ts Are you a short-term or long-term landlord with one or more properties to rent out? Renting out property either way could be a profitable business…
10 tips landlords should know about property inspections – 30 January 2020
Allowing a reputable and experienced home inspector to conduct a thorough home inspection before you decide to let your property is beneficial to both the landlord and the tenant…
Why Running a Rental Business without Written Procedures is like Driving a Car Blindfolded – by Shaun Luyt
You’re the Rental Manager and you get a call from a client with a complaint. You listen to what the client has to say and you then have a meeting with your team to get their side of the story. It turns out that they ‘totally forgot’ a crucial step in a ‘standard’ process – something that they do regularly – and all of a sudden you have a problem because a ‘crucial’ action was omitted…
6 Reasons for Rental Agents to LOVE FICA – by Shaun Luyt
Yes, believe it or not, there are (at least 6!) reasons for Rental Agents to LOVE FICA . . . Rental agents are required to carry out FICA-related due diligence on ALL prospective Tenants and Landlords BEFORE entering into a business relationship with them, i.e. concluding a mandate, or a lease agreement …
The Landlord’s Council Arrears Are Being Deducted from the Tenant’s Pre-Paid Electricity Payments! What now? – Article by: Shaun Luyt Jan 2020
We have a pre paid electric meter at the house we rent. All rent and utilities are up to date [paid directly to the letting agent] however every time I purchase electric, half gets deducted as the owner is in arrears..
Does an Expired Lease Automatically Continue Month-to-Month? At What Rental? – February 2020
Your residential fixed-term lease expires but for whatever reason you don’t sign a new one. Nor does the lease say anything about what will happen on expiry…
What’s the value of a fixed term lease if a tenant can cancel on 20 business days notice at any time? – by Shaun Luyt
I’ve often been asked, by both landlords and agents, “Is there any purpose in signing a fixed term lease when a tenant can cancel the lease at any time by simply giving 20 business days notice?”
3 Metrics EVERY Rental Agent SHOULD Know AND Share with Prospective Landlord Clients – by Shaun Luyt
If I was a Landlord interviewing potential rental agents to procure a new tenant ,and to manage the lease, for my rental property, I’d be asking for the following 3 figures for their rental portfolio (or their company’s rental portfolio) . . . .
Choose rental homes as carefully as your own – 28 January 2020
When buying an investment property, you should apply the same “rules” about location, condition and security as when buying a home for yourself. That’s the word from Berry Everitt, CEO of the Chas Everitt International property group, who says that volatile equity markets, relatively low interest rates and banks eager to lend on residential property have spurred an increase in buy-to-let purchases this year, in spite of slow rental growth rates.