Estate Living Magazine Alfresco Living - Issue 36 December 2018 | Page 10

Aerotropolis KZN
invest for work and play
You’ve just done your annual tax return and
you realise how much you spent on hotel
accommodation over the period of a year …
time for a drastic change, you think. So, what
are the options? Reduce your business trips to
Durban? Not likely, as business is finally growing,
especially now with all the development on the cards
around King Shaka International Airport
(KSIA) and Dube Tradeport – Aerotropolis KZN, they
call it. Look for cheaper hotel accommodation?
Done that already. You think you’re running out of
options when suddenly the penny drops … what
about investing in a rental property?
Coral Point –Sibaya
8 |
estate-living.co.za
Brilliant idea! Especially seeing that Durban offers the best
rental returns in the world – according to the 2017 Property
ROI Index from the London-based online real estate agency
Nested. Whoa, you think … but how can I achieve that? Well,
firstly, by your company investing in a property, and then
‘renting’ it out to company members and staff whenever they
travel on business – that way it’s a genuine, legitimate business
expense. And, for when you, your company, or your colleagues
are not using it, there’s Airbnb, but any other well-organised
rental service should give much the same return. According to
the Index, which compared traditional rental returns (having
a fixed tenant) to those that could be achieved with an 80%
occupancy for short-term rental, a Durban home owner could
recover their bond within 18 months compared to 14 years
through regular rentals. Seems almost impossible, you think,
but definitely worth considering.