LANDLORD ADVICE
can landlords have peace of mind that their tenants are likely to pay their rent on time , every time . Bear in mind that Just Property rental portfolio managers , for example , look at more than just a credit score - factors like account payment patterns , nature and age of judgements are also considered when vetting tenants .
“ It is inevitable that unexpected costs will arise so make sure you have budgeted the money and the time for both routine maintenance and emergency repairs .”
Just as essential is a professionally drawn-up lease that is both fair and watertight . A good understanding of South Africa ’ s landlord-tenant laws is important . These are governed by the Consumer Protection Act , the Rental Housing Act , and the Prevention of Illegal Eviction and Unlawful Occupation of Property Act , as well as Common Law .
4 . Should you hire an outside property manager ?
You can choose to manage your rental property yourself or hire a managing agent to do it for you . Managing your rental can be quite taxing , and it ’ s best to have a professional agency with skilled and experienced individuals doing the work for you .
Services offered should include :
• Property marketing , viewings and tenant vetting that includes the due diligence of credit and other checks before tenants can move in .
• Comprehensive contracts
42 NOV 2022 SA Real Estate Investor Magazine