I’m a property owner of 3 residential properties. I live abroad, and I’ve rented out all 3 of my properties without an agent. Let me tell you, those people (agents) are opportunists. They do absolutely nothing of value. If something breaks, they simply relay the message, then recruit their own people to fix at ridiculous rates. As long as you have a plumber, an electrician, and a maintenance man on speed dial, then you don’t need to have an agent. Incase you end up with a recalcitrant tenant, then have templates of the various letters that you need to issue in order to evict them legally. Agencies are a scam. They offer you no value whatsoever. Thanks to technology, you can DIY this process with minimal effort.
That’s the honest truth. I’m a property owner too. At first I used the services of an agent. That was the biggest mistake of my life. After deducting their monthly commission from the rental amount, they would deposit rental that was incomplete to me. When I enquired, they claim that the tenant paid on an ATM machine and the bank charges a fee for that hence my rental is incomplete, but they take their full commission 🙄🙄. And they didn’t care to alert the tenant of this. The very same rental would be paid to me very late during the month while debit orders for levies run early in the month. Even though the tenant paid on time. That was a nightmare. To top it all, when the tenant moved out, there was a lot of damages to my property and it was dirty. After conducting exit inspections with the tenant, the agent lied and wrote on the papers that my property was in good condition. Luckily I went to the property same day to check myself, I was shocked. I Immediately called their offices and told them that their agent lied. They advised that I must take photos of all damages and all outstanding rental cz of the “ATM” story and send to them. They eventually deducted from tenants deposit and I fixed the damages. From all those bad experiences, I decided to manage it myself, peace of mind I tell you. I now have a dedicated plumber and maintenance guy and do my own monthly check ups as i interact with tenants directly. Vetting tenants, securing tenants, handling deposits, etc. Last I heard that agent resigned from his job and many clients had complained about him. Estate agents are wolves in sheep clothing.
An agent I used would just give prospective tenants the address & key & let them go to my place alone. The neighbor told me so I tested them to see if its true. And that is truly what they did.
They can literally make the rent even cheaper than your calculations and then say you take over the lease. Wonderful videos Nicolette especially for an aspiring property owner
Well handled.. similar thing happened to me. . We need to be very sharp out there!. Please make more of these videos to educate us on these creative business techniques, so we can counter!
Typically, I include a condition that I’ll take occupation on lodgement, which is just a few days before actual transfer. In this way, I am able to see if all suspensive conditions have been met. If not met, I can then instruct the transferring attorneys, regardless who appointed them, to stop with transfer registration. Ideally, you don’t want to inherit tenants from the seller unless you are able to manage that transition and have the means to deal with it. You then well.
We need part2 please....you tell us the use of Body Corporate(how it started, what's the use,what insurance companies do they use, when making renovations & altering the structure what process should they follow,etc ?).More info please!
I was pursuing the estate property myself, but their association regulations and disclosure didn’t not seem right. Alots of crookedness and it was clear they were designed systematically to capitalize from owners ignorance and the illusion of ownership with limitations and not fully enjoying those your premises and benefits. Good thing your tough lady, questioned them and don’t let them take advantage of you- This are things in property sector that needs to be addressed by our government.Discriminating policies needs to be eliminated effectively!
I just bumped unto this utube channel and had to watch every second of what you are saying. Very educative and besides I love the lady's intellect.....big up.... Constant M
As a real estate agent, I cannot believe you had to go through this! It gives us such a bad name, wow 😂🙌 there’s no way they actually tried to get away with this shit…. Please guys not all real estate agents do this, and please do check if they are registered
Thank you Nicolette... I enjoy watching your videos, your energy wow!😃. They are literally the only source of information for me right now....Whether it's finance or property education...I appreciate you sthandwa sam 🥰😍....Go get them girl! And God keep on blessing your hustle.
Thank you so much Zukiswa, these words of encouragement are exactly what I needed today. I appreciate it so much. Stay blessed and may it all be abundance for you
Thank you for your educational videos. Please do a video for drawing up a lease that is in line with the property law and will also work in the favour of the landlord. I’m preparing to purchase my first property and you videos are doing the Lord’s work
I love a me a Nicolette Mashile, She is superwoman and I m thankful that I get to feed from her tank of wisdom. Thank you Ma’am for doing the Lord’s work on our behalf.
Hi Nicolette. What are some of the property literatures that you would recommend to a person who doesnt really know much about the nitty gritty details of property but is interested in exploring? Even if it can be courses. Thank you in advance
Sorry for my 2c I'm like learning as I go but UCT offers a long distance learning course ma'am, I believe it's 12 months not sure of the tuition but if you enquire and Google on their page, you can leave your email details, there'll be in contact with you, hope this helps 😊✌🏾
*Interesting how they BASICALLY had an INDABA about your own property to come with suggestions in order ORDER to implement their own DECISIONs.He bathong,ga ba go bone ka sepe stru.Mmege,babe gatile moseleng😅!*
Bangene Nicky Nicky. Let them shake. Not everyone is ignorant it high time they change. This is very great teaching. You are a real teacher. This kind of education is more expensive than that of college. They say you learn more when you learn from other person mistake. But you really forcee a mistake. They is a lost they could have included in the lease. Like Commission that is due to them for the entire lease even if they are not responsible after the registration is complete. White collar cre is dangerous because it always on paper. They just simply say you have signed. We have to be very careful. Especially in this state of economy. People just want to make easy money.
THATS MY GIRL ,You my inspiration sweertut Zhow I wish you my mentor..... YOOOO YOU COMPLETE ME YOU KNOW YOUR WORTH GIRL LIKE IM SO SO SUPER EXCITED TO COME ACROSS YOUR PAGE UNGIPHA IVUVUZELA IN MY SPIRIT...👌👊👊
Thank you for your story. I am about to meet up the developer for our property and they didn't built what they advertised from the show room. First things I did was check the contract and read again. Eish, re tla jewa hela so if we don't read and educate ourselves.
Can I please ask if a dept review rejection process does require documents to be sent by me to the company. Currently trying to get my application rejected but they say I must send them my payslips and bank statements before they can do that. Is that how it is done? Please advise 🙏
there's a lot that they get away with by putting it in the fine print, I dont even want to start about the "Body corporate" that is the worst and people end up loosing their units especially if you buying to rent out you might end up with a negative profit
This is a sign of mastery coz you make property space looks so simple but this is epiphany for me. One have to get knowledge about property before going into it.
Ngithanda musuthi,yes thina bantu abamnyama asinalutho bt esinakho ukufunda,their for lets read and acquire information and knowledge as much as we can,i like that.
Yes Body corporate & Property Manager is the biggest scam-we had an incident where the body corporate & ANGOR Propert Manager almost ran our estate into an R2 million rand loss. And they did not want to take accountability! Shortly when owners were questioning they said they would send statements and till today we are waiting🤣😂. They then shortly changed the body corporate and appointed a new property manager. They like taking chances. We had to pay a special levy.
Wow, she's amazing, South Africans are amazing people, I think this can be reported nicollette,? No? It not your fault the deeds office is slow, this is grounds for a lasw suit, putting unnecessary pressure on the wrong person, and with intent to double sell the same item just on the off chance the deeds office delays
They wanted to take the 1st monthly rental + 10 percent monthly. If they dnt find a tenant I still owe them their 10 percent & even if there’s no tenant
We are not there!!!!! Similar to school meetings We are not there!!!! Many sectional title properties have majority Black however procure mainly from minorities.
I’m a property owner of 3 residential properties. I live abroad, and I’ve rented out all 3 of my properties without an agent. Let me tell you, those people (agents) are opportunists. They do absolutely nothing of value. If something breaks, they simply relay the message, then recruit their own people to fix at ridiculous rates.
As long as you have a plumber, an electrician, and a maintenance man on speed dial, then you don’t need to have an agent. Incase you end up with a recalcitrant tenant, then have templates of the various letters that you need to issue in order to evict them legally.
Agencies are a scam. They offer you no value whatsoever. Thanks to technology, you can DIY this process with minimal effort.
That’s the honest truth. I’m a property owner too. At first I used the services of an agent. That was the biggest mistake of my life. After deducting their monthly commission from the rental amount, they would deposit rental that was incomplete to me. When I enquired, they claim that the tenant paid on an ATM machine and the bank charges a fee for that hence my rental is incomplete, but they take their full commission 🙄🙄. And they didn’t care to alert the tenant of this.
The very same rental would be paid to me very late during the month while debit orders for levies run early in the month. Even though the tenant paid on time. That was a nightmare.
To top it all, when the tenant moved out, there was a lot of damages to my property and it was dirty. After conducting exit inspections with the tenant, the agent lied and wrote on the papers that my property was in good condition. Luckily I went to the property same day to check myself, I was shocked. I Immediately called their offices and told them that their agent lied. They advised that I must take photos of all damages and all outstanding rental cz of the “ATM” story and send to them. They eventually deducted from tenants deposit and I fixed the damages.
From all those bad experiences, I decided to manage it myself, peace of mind I tell you. I now have a dedicated plumber and maintenance guy and do my own monthly check ups as i interact with tenants directly. Vetting tenants, securing tenants, handling deposits, etc. Last I heard that agent resigned from his job and many clients had complained about him. Estate agents are wolves in sheep clothing.
I'm learning this so late! But I'll redeem myself on my soon to be second property.
An agent I used would just give prospective tenants the address & key & let them go to my place alone. The neighbor told me so I tested them to see if its true. And that is truly what they did.
Thank you so much for this.
Nicolette is funny 🤣🤣🤣🤣🤣
They will take you for a Popeye.... for a Popi
They can literally make the rent even cheaper than your calculations and then say you take over the lease. Wonderful videos Nicolette especially for an aspiring property owner
That's totally absurd. This is why I do my own rental. Agents can be tricky. What a fat chance they were trying to take .
Thank you Financial Bunny!! We are learning a lot from you pretty lady, avoiding our own school fees
Well handled.. similar thing happened to me. . We need to be very sharp out there!. Please make more of these videos to educate us on these creative business techniques, so we can counter!
You're educating us! I appreciate you so much👌🏾❤️
It’s a pity that SA is going the sectional title way. Most body corporations are so corrupt it’s terrible.
So true hey 😢
That's true.
Let’s expose the kinds of fraud perpetuated by body corporates to help others identify and mitigate it
Thank you financial bunny, the way you open our eyes. Thank you for teaching us 🙏
Your facial expressions😂👌🏾🔥
Typically, I include a condition that I’ll take occupation on lodgement, which is just a few days before actual transfer. In this way, I am able to see if all suspensive conditions have been met. If not met, I can then instruct the transferring attorneys, regardless who appointed them, to stop with transfer registration. Ideally, you don’t want to inherit tenants from the seller unless you are able to manage that transition and have the means to deal with it. You then well.
OMG, I need a support group just to talk about property rental agents😂. East London remax is worse. They don’t even want to take a meeting.
I enjoyed your realness in this video. Get them girl!!
hehe "for 10 marks" best comedic relief for this horror show of a situation
Thank you Nicolette...i learn alot from you..
We need part2 please....you tell us the use of Body Corporate(how it started, what's the use,what insurance companies do they use, when making renovations & altering the structure what process should they follow,etc ?).More info please!
This was so informative, thank you so so much for that .. I love your fearlessness 👏
I was pursuing the estate property myself, but their association regulations and disclosure didn’t not seem right. Alots of crookedness and it was clear they were designed systematically to capitalize from owners ignorance and the illusion of ownership with limitations and not fully enjoying those your premises and benefits. Good thing your tough lady, questioned them and don’t let them take advantage of you- This are things in property sector that needs to be addressed by our government.Discriminating policies needs to be eliminated effectively!
I enjoy your videos so much and learn so much. Thank you
Thank you
I just bumped unto this utube channel and had to watch every second of what you are saying. Very educative and besides I love the lady's intellect.....big up.... Constant M
Yesss girl, I love how you handled these!
Honestly how ??? Yah nne note to self and all owners attend those Meetings ...Thank you Financial bunny for the insight ❤️
Well done girl thanks once again great content
Wang nthabisa nje....thanks for sharing.I personally learn a lot from u
this is really an eye opener. thank you.
As a real estate agent, I cannot believe you had to go through this! It gives us such a bad name, wow 😂🙌 there’s no way they actually tried to get away with this shit…. Please guys not all real estate agents do this, and please do check if they are registered
Thank you Nicolette... I enjoy watching your videos, your energy wow!😃. They are literally the only source of information for me right now....Whether it's finance or property education...I appreciate you sthandwa sam 🥰😍....Go get them girl! And God keep on blessing your hustle.
Thank you so much Zukiswa, these words of encouragement are exactly what I needed today. I appreciate it so much. Stay blessed and may it all be abundance for you
Damn I love your personality 😂❤ You are amazing!
The wisdom!!!! ❤❤❤
Thank you for your educational videos. Please do a video for drawing up a lease that is in line with the property law and will also work in the favour of the landlord. I’m preparing to purchase my first property and you videos are doing the Lord’s work
I love a me a Nicolette Mashile, She is superwoman and I m thankful that I get to feed from her tank of wisdom. Thank you Ma’am for doing the Lord’s work on our behalf.
Learning so much for your experience.
Ijooo as a property owner this really opened up my eyes thanks ausi for the information 💖🙏🏽🥰😘🙌
😂 Ey! Ukwatile uNicolette 😅
Kodwa Hai, ba sile shem!
Always learning something from you✨️
Ey I'm watching for the first time, you're maaaad, smart, beautiful and funny, I love you dude😂❤
I just got in the industry and anxiety is killing me.. Just bought a unit to rent out, hoping for things to go smooth for me..
How do i go about? 🥺🥺
Me too, i just deposited theor money today.. Yoh i am on every video about apartments 😅
I'm still in a process ladies, how is everything so far?
Amazing content as always 🙏🏿👌🏿
Aaaaarg I needed this video, I am currently beginning on my property investment journey
Hi Nicolette. What are some of the property literatures that you would recommend to a person who doesnt really know much about the nitty gritty details of property but is interested in exploring? Even if it can be courses. Thank you in advance
Sorry for my 2c I'm like learning as I go but UCT offers a long distance learning course ma'am, I believe it's 12 months not sure of the tuition but if you enquire and Google on their page, you can leave your email details, there'll be in contact with you, hope this helps 😊✌🏾
Thank you for this video. Went through the same thing😔
Why are we being made popeyes?
*Interesting how they BASICALLY had an INDABA about your own property to come with suggestions in order ORDER to implement their own DECISIONs.He bathong,ga ba go bone ka sepe stru.Mmege,babe gatile moseleng😅!*
Hi Nicolette do you by any chance have any videos on the topic of rent to buy on property?
Very wise woman ❤
Very interesting conversation!
Bangene Nicky Nicky. Let them shake. Not everyone is ignorant it high time they change. This is very great teaching. You are a real teacher. This kind of education is more expensive than that of college. They say you learn more when you learn from other person mistake. But you really forcee a mistake. They is a lost they could have included in the lease. Like Commission that is due to them for the entire lease even if they are not responsible after the registration is complete. White collar cre is dangerous because it always on paper. They just simply say you have signed. We have to be very careful. Especially in this state of economy. People just want to make easy money.
Bayaqela aba bantu tshini!
Sort them Financially bunny kubo
This is a good video!
I loved it when you said people should read everything, that right there is education
Notification gang😊 Love the head scarf😍
I love your content
I learned a lot
I luckily stumbled on this video and I'm hooked.
WA sokodisa but you're smart😅yerr
THATS MY GIRL ,You my inspiration sweertut Zhow I wish you my mentor..... YOOOO YOU COMPLETE ME YOU KNOW YOUR WORTH GIRL LIKE IM SO SO SUPER EXCITED TO COME ACROSS YOUR PAGE UNGIPHA IVUVUZELA IN MY SPIRIT...👌👊👊
Always do your research, understand how the property world works. These people can tell if you don't know how things work.
Thank you very much, highly appreciated.
You are very Smart.
Thank you for your story. I am about to meet up the developer for our property and they didn't built what they advertised from the show room. First things I did was check the contract and read again. Eish, re tla jewa hela so if we don't read and educate ourselves.
Ijoo, they are taking me for a popaye this people I tell you
Can I please ask if a dept review rejection process does require documents to be sent by me to the company. Currently trying to get my application rejected but they say I must send them my payslips and bank statements before they can do that. Is that how it is done? Please advise 🙏
Insightful 💡
there's a lot that they get away with by putting it in the fine print, I dont even want to start about the "Body corporate" that is the worst and people end up loosing their units especially if you buying to rent out you might end up with a negative profit
This is a sign of mastery coz you make property space looks so simple but this is epiphany for me. One have to get knowledge about property before going into it.
Ngithanda musuthi,yes thina bantu abamnyama asinalutho bt esinakho ukufunda,their for lets read and acquire information and knowledge as much as we can,i like that.
You never disappoint
Eish... I hear you. These things 🤦🤦🤦
Eish Nicolette property ke stress man. Can't wait for part 2
You GO Girl ❤! Know your rights peeps
Yes Body corporate & Property Manager is the biggest scam-we had an incident where the body corporate & ANGOR Propert Manager almost ran our estate into an R2 million rand loss. And they did not want to take accountability! Shortly when owners were questioning they said they would send statements and till today we are waiting🤣😂. They then shortly changed the body corporate and appointed a new property manager. They like taking chances. We had to pay a special levy.
Shit! We gotta read but where do we learn all those things?
🤣😂😂😂 Makgowa
When "God said touch not my Annointed" this is an example of it. Bafike wrong to My cocco bbe, My financial bunny shem
Wow, she's amazing, South Africans are amazing people, I think this can be reported nicollette,? No? It not your fault the deeds office is slow, this is grounds for a lasw suit, putting unnecessary pressure on the wrong person, and with intent to double sell the same item just on the off chance the deeds office delays
Wow, jeeeesu
Thank you for this
They wanted to take the 1st monthly rental + 10 percent monthly. If they dnt find a tenant I still owe them their 10 percent & even if there’s no tenant
I am in need of your advice?
"Explain for 10 marks" 🤣🤣🤣🤣
waze wamuhle!😩🔥
Miss you on TV.This rules are from International based rules designed as we go along by them.Listen to Joe Biden.
These guys think that we don't read these contracts.
These guys they better not come for me, need to start attending and educating myself
What would have happened if you had said you want your money back?
😂😂😂 I love you
Wow
🙌
Interesting.
Wow, Wow, Wow
We are not there!!!!! Similar to school meetings We are not there!!!!
Many sectional title properties have majority Black however procure mainly from minorities.
Factsvso disrespectful. Had a situation with the managing company and they couldn't back up their story after they did illegal thing 😐😐
What's that illegal just for curiosity?
Report anti -competitive behavior to the Competition Commission and SACAP
So they didn't know they are selling to "THE" Financial Bunny..? LOL
Baotlwaela masepa
This is pure corruption.
That is true
Must be something they always do and get away with
They were trying to set you up for failure but they met their match shame 🤣
Yho we need to be woke in this property space
I LIKE YOU WATSEBA MARA.....
Share me your lease agreement
Danko Miss Bunny
you feel like how i feel