Real Estate Investor Magazine South Africa October 2013 | Page 30

SMART MOVES BY ELIZABETH SENGER Social Media’s New Face Changing the face of communication T he biggest and most pressing challenge facing most sectional title schemes today is a severe lack of communication between the relevant parties involved. Each year body corporates appoint a handful of people to manage their investments and more often than not these individuals have no relevant experience or financial management skills. In addition, they have no knowledge of the Sectional Title Act or what it stands for and according to Ross Glenn, developer of Social Estate, this is a dangerous situation for property owners. Glenn explains, “It’s important to note that trustees appointed by the body corporate don’t have the final say in matters regarding the scheme – they are actually appointed to serve and unless specified by the owners, cannot carry out any action that has not been approved by the body corporate.” This is why open and transparent communication is imperative for sectional title schemes. It will protect the trustees by allowing owners to remain privy as to what is happening with their investment and in addition allow owners to provide input where required. According to the South African Registrar of Deeds (also known as the Deeds Office), there are currently 64 419 registered Sectional Title Schemes in South Africa and an average growth of 2.84% per annum has been recorded over the last five years. 28 October 2013 SA Real Estate Investor As the trend for managed communities such as townhouse complexes and estates continues to grow, mostly due to the affordability and security they offer, so too do the challenges these members face. Conflict between community members and everyday management disputes can lead to real discontent, mostly because of the lack of two-way communication and transparency. Glenn, also a computer programmer with 13 years experience in various sectors including client relationship management systems, developed Social Estate after his first-hand experience as an active trustee and owner of a unit within one of Joburg’s many residential complexes. Being fully aware of the common challenges facing management, owners, residents and service providers of managed communities, Glenn created SA’s first social media platform that targets managed communities to ease the process of communication between members. Launched late last year SocialEstate.co.za is set to change the way body corporates and homeowner associations operate by radically speeding up management tasks typical of a sectional title scheme or residents association, and by putting members in touch to resolve issues within a fraction of the time. Says Glenn, “My motivation to initially become a trustee was to get involved in matters concerning the complex where I’d lived for a few years already. But I soon realised that I didn’t like the idea of being responsible for other people’s money while not being fully aware of what it was being spent on and I especially struggled with the idea of other trustees discussing matters of relevance to me, in my absence.” Glenn continues, “But it was also about the amount of time and resources being an active trustee requires of you. The amount of emails and phone calls I found myself having to make just wasn’t sustainable.” Social Estate offers a number of useful tools that completely eliminates the need for emails and telephone calls. One of these features is a discussion board where members can chat and share ideas. Trustees can also start private discussion topics, allowing them to cover matters between monthly trustee meetings. The helpdesk feature means trustees can effectively manage enquiries and requests, which are logged and then tracked, keeping the person that submitted the request updated with notifications. In fact, tenants can save huge amounts of time from being able to contact the scheme management directly rather than having to work through the rental agency. Access to other handy tools – like a polling system to get a general consensus from residents on certain topics and also a service provider directory with a feedback and rating option – provide an interactive platform that keeps everyone in the loop. Service providers can www.reimag.co.za