Property Management - South Africa
Signing up for real estate management with Renprop is the perfect solution if you are currently looking to expand your investment portfolio into the property market, but do not have the time or resources required to suitably manage your properties yourself. If correctly managed, an individual property, or range of properties, has the potential to become a very lucrative investment that will continue to grow as the market expands, This, however, requires experience and knowhow.
Allow the Renprop Property Management Division to take care of the details. We have put together a team of specialists who have extensive experience in the property industry and who will be able to take care of your real estate investments while you reap the benefits of wise investment.
Allow the Renprop Property Management Division to take care of the details. We have put together a team of specialists who have extensive experience in the property industry and who will be able to take care of your real estate investments while you reap the benefits of wise investment.
Property Management Division
- Is a specialized property management division managing both commercial and residential developments, performing both administrative and facilities-management functions with a high level of personal service.
- Employs sectional title portfolio managers who have successfully completed the UCT Sectional Tile course presented by sectional title specialist company Paddocks.
- Is registered with the Estate Agency Affairs Board (EAAB) and backed by acknowledged experts in the field.
- Portfolio managers enjoy regular updates on changes in Sectional Tile legislation
- Is a Proud Member of The National Association of Managing Agents.
- Currently manages approximately 4000 residential units and 20 commercial parks.
In total it manages 67 Sectional Tile Complexes including:
- 7 Home Owner Associations
- 17 Commercial Sectional Title Complexes
- 43 Residential Sectional Title Complexes
- 13 Complexes appointed as Residential Estate Managers
As part of its service, it provides a full set of accounting records including:
- Budget to Actual Reporting
- Full General Ledgers
- Rent-roll
- Disbursement Statement (Income and Expenditure)
- Trial Balance
- Balance Sheet
- Bank Reconciliation
- Arrears Report
- Contractor Reports
- Administration System
- Dedicated Bank Account
- No Global Trust Account
- A dedicated bookkeeper and portfolio manager for day-to-day administration, using the Nicor Property Administration System.
Please do not hesitate to contact us if you require any additional information with regard to our real estate management division.
