Real Estate Investor March 2021 March 2021 - Page 40

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Six Things to do After you ’ ve Bought Your First Home
You have finally bought your first home , but before you even move in , you need to think like a homeowner and start planning for your needs . There are six important factors which should be on your to-do list as a new homeowner . Including security , electricity and utilities , internet and fibre , satellite television , insurance and new house essentials .
How to Safely buy Property with a Partner
Co-owning a home , or even an investment property , can be a great way to start building a future with you and your partner . Just like any other big commitment , however , it ’ s not something that should ever be rushed into . Here are 6 considerations you ’ ll need to hammer out to protect your happily ever after . Including dealing with financial hiccups , the sale process and how to end things if necessary .
Thinking about Semigrating ? Here ’ s how you can Make a Smooth Move out of Town
Ever since Covid-19 put everyone in South Africa into a hard lockdown at home , there has been a steady increase in the number of people rethinking their housing choices and deciding to make changes as fast as they can . One of the biggest trends to emerge has been the migration away from big cities to smaller towns along the coast or in more rural settings .
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PROPTECH Become faster, smarter & better The value of proptech as an entrepreneur, landlord & tenant T hrough this lockdown, the needs of most businesses outweighed productivity as an apex point of concern, as a result the trend of digitalising business processes accelerated. This is evident even in the property industry which is now becoming more technologically efficient - making the traditional processes faster, smarter, and better. “It is through technology that many companies survived this economy threatening pandemic." Lockdown Gains During lockdown, many landlords lost tenants, reduced rentals for existing tenants. Some needed to drastically reduce costs while marketing their vacancies harder than ever before to gain any traction. Many reduced costs by moving their leasing in-house rather than outsourcing to property brokers. This was all in a bid to come out of the pandemic alive and with something to stand on from a business point of view. One thing that cannot be denied about 2020 is that the year showed inefficiency gaps in the real estate market and revealed how most companies lost the ability to sustain business activity during lockdown. It is through technology, which enabled swift communication and digital running of businesses, that many companies survived this economy threatening pandemic. 38 MARCH 2021 SA Real Estate Investor Magazine A positive consequence of negotiations between landlords and tenants during lockdown was that it helped landlords build and strengthen their relationships resulting in overall happier tenants. Moreover, theoretically having tenants is better than having empty space in an oversupplied market. As a result of the oversupply of commercial rental space, tenants have more options. While many are downscaling looking for more flexible yet smaller workspaces. The larger office vacancies are becoming harder to lease out as companies work remotely to observe the social distancing. Currently, there is no single online platform for tenants to view a comparator of all vacancies in a specific area. Comparator A Comparator is a digital marketplace tool for tenants to view all available vacancies within the search criteria entered. All options can be seen by ranking size, price and location. Additional parameters include filtering by office grade and total monthly cost. Currently, there is no single online platform for tenants to view a comparator of all vacancies in a specific area, size and price range, and allowing them to have direct contact with landlords. Tenants therefore need to utilize the services of third parties to aggregate lease information in the area. “A Comparator is a digital marketplace tool for tenants to view all available vacancies within the search criteria entered. " Quoin Online has spent years developing an online solution. The rental platform creates a system that enables landlords to integrate vacancies from their property management systems, market these to various online marketing channels and transact by accepting automated, online offers. Here, landlords can market their own vacant properties and be a part of Quoin’s aggregator for rental stock, known as the Quoin Comparator. Advantages of Using a Comparator Using this comparator comes with some benefits which include the liberty to choose whether to market to other marketing channels such as Property24, SA Real Estate Investor Magazine MARCH 2021 39