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 .
SA Real Estate Investor Magazine MARCH 2021 19
smarter & better
The value of proptech as an entrepreneur,
landlord & tenant
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."
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.
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
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
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