Residential Estate Industry Journal REIJ 6 ARC Journal 2019 | Page 65

paid over to the trustee or person delegated to This solution is elegant in its simplicity. It Tenants deal with the municipality, allowing one simple removes any debate about which tenant understand history, and see exactly what they monthly payment. In addition, Citiq Prepaid is has used what electricity – a situation that paid for, and owners can see information for all one of the few vendors that allows clients to can lead to lengthy, costly and often deeply their properties, and quickly identify pilferage log onto its custom-built online portal, where unpleasant disputes.  or discrepancies between the council bill and clients can see the industry’s widest range of can also access their easy-to- what tenants have spent. reports on collections, payments, remittances One of the main pain points for estate and more. managers is ensuring timeous and accurate While we wait for calmer economic waters, preparation ensuring This transparency truly empowers of monthly reports to their that utility management is Citiq bosses. Many of the utility management transparent, the admin is efficient, and the Prepaid customers, and is a firm favourite with systems on the market produce data that is reporting is trusted, will make at least one estate managers, owners and tenants alike.  almost impossible to use in regular reporting. aspect of the estate managers’ difficult job easier. The Citiq Prepaid online system gives estate managers  remote access to usage  and transaction data and reports in easy-to- understand formats. Primary reports are also automatically emailed every month, easing the administration burden. TRUST IS THE CORNERSTONE OF GOOD RELATIONSHIPS Prepaid sub-meters provide transparency and reduce risk for everyone involved. For tenants, prepaid makes their own electricity consumption more visible and ultimately more manageable. Moreover, when you can track your consumption from day to day it’s much easier to budget than when you have to deal with arrears billing often received months after the fact. 65 INDUSTRY JOURNAL . . . citiqprepaid.co.za