Property Management, Property Rentals and Property Financial Services in South Africa

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Blog

Oct 17
Special levies now have a sting in the tail

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Special Levies

There are many Sectional Title owners and buyers who are under the impression that the legislation which made it compulsory for schemes to establish and maintain substantial reserve funds also did away with the need for unpopular and often problematic …

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Sep 26
The legal process of arrear levy collections

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Legal Process of Levy Collections

Elwin Els, the National Collections Manager for Trafalgar Property Management talks about the legal collection process of arrear levies. There are a couple of items discussed, one being the rationale “Why do we need attorneys?”, “Why do we need them …

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Sep 17
If it’s a Sectional Title scheme, it must have a body corporate

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Duet Sectional Title Homes

There could be trouble ahead for the owners of duet homes and properties in small sectional title (ST) estates that do not have a functional body corporate and are not being run in terms of the Sectional Title Schemes Management …

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Sep 10
The importance of receiving and reviewing detailed monthly management reports

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Monthly management reports

Andrew Schaefer from the Trafalgar Property Group emphasises the critical importance of receiving and reviewing and especially making time to review detailed monthly management reports. Certainly, the chairman and finance director or trustee should take at least an hour a …

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Aug 24
The importance of convening a first Trustee or Director meeting after the Annual General Meeting

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The importance of convening a first Trustee or Director meeting after the Annual General Meeting

It is important to convene a first Trustee or Director meeting as soon as possible, after an AGM, ideally within a week. The important items to cover in that meeting are firstly, to elect a chairman, which is elected by …

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The role scope and authorisation for an Executive Managing Agent

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The role scope and authorisation for an Executive Managing Agent

The function was first introduced in October 2016 with the new Sectional Title Schemes Management Act (STSM). It is a role which takes the full function and responsibility of the board of Trustees and it is particularly suited to buildings …

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Aug 20
Look out for Sectional Title changes that can affect home values

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sectional title developer right of extension

Sectional Title home buyers need to look out for a “right of extension” clause in their sale agreement, because it could make a big difference to their property’s value in the future. That’s the advice of Andrew Schaefer, MD of …

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Jul 17
Trafalgar opens Ballito office to serve North Coast

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Trafalgar Property Management Ballito Office

National property management company Trafalgar has opened a new branch office to serve clients in Ballito and along the North Coast of KwaZulu-Natal, which is currently one of the fastest-developing regions in SA. “We already have a large portfolio of …

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Jul 04
Investors need to think beyond the box on rental property management

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Rental Property Management

Capital growth has been the saving grace of the buy-to-let sector for the past few years, with some areas in Cape Town and Johannesburg having shown property value increases of well over 50% since 2013, and investors need to do …

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Jun 08
More diligent auditors get tough on sectional title governance

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Corporate and Financial Governance

Much stricter corporate and financial governance requirements for community housing schemes are putting pressure on Sectional Title (ST) trustees and the directors of Home Owners’ Associations – and increasing the need for professional property management services. So says Andrew Schaefer, …

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