INVESTING
Turning a Dream Into a Business : The Practicalities of the Partnership
1 . Funding Bitprop sourced funding from private investors who , through the rentsharing model , earn a return of 15.4 % per annum on their invested capital . This allowed the project to kick off without Mandiswa needing to secure a loan or use her own savings .
2 . Construction Bitprop managed the construction process , ensuring that the rental units were built to high standards while adhering to local regulations . By overseeing the entire build , Bitprop ensured that the units would be both durable and attractive to tenants .
3 . Tenant Onboarding Once the units were ready , Bitprop assisted Mandiswa with advertising the spaces and selecting reliable tenants . The company managed the technical side of tenant agreements , deposits , and legal matters , ensuring a smooth onboarding process for both Mandiswa and her tenants .
4 . Ongoing Support Throughout the 10-year partnership , Bitprop continued to provide ongoing property management guidance and support . From maintenance to tenant relations , Mandiswa had access to a wealth of knowledge and expertise , which allowed her to focus on growing her business and achieving her goals .
26 REI MAGAZINE JANUARY 2025