MY STUDENT HOUSE the account statement and any overdue amount by the third day after the due date . Make sure you send parents or surety individuals monthly statements so that they are aware of any defaults and can address the situation before the outstanding amount becomes too large to cover .
response is a resounding Definitely NOT . Student Accommodation is the best property investment decision I have ever made . Like everything in life , there are challenges to overcome and lessons to learn
Arrears collections at the end of the year can be extremely difficult , especially if NSFAS has withdrawn funding for one of the students . You should weigh up the costs of taking the legal route vs writing off the debt . Legal fees start at R8000 for an unopposed judgement and escalate from there depending on how many times the case goes to court .
Start SA today
I ’ ve been asked if I ever regret getting into student Accommodation and the
SA Real Estate Investor Magazine DECEMBER 2022 / JANUARY 2023 25