How I manage multiple properties in South Africa

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How I manage multiple properties in South Africa
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DISCLAIMER: I`m not a financial advisor and hence the content of these videos are for educational and entertainment purposes only. Investing is a risk related practice and should be approached carefully.

[@louisreynhardt]

Im all about working smart and not hard. Please share some tips if you have some 💪🏻💪🏻

[@ntsubeats]

There's a video you made a long time ago about how to deal with bad tenants and the approach you took there was wise. Maybe do a follow up video?

[@pathfinder6993]

I'm a web software developer, I was into the coding & construction for many years but now I think my real passion is product design. I may have an idea..

[@8ballpoolking67]

Thanks Louie. Please make a video on your personal experience with bad tenants ( 2-3 stories if you have). Some tips and tricks you use to sort of gauge feel them out.

[@louisreynhardt]

Thanks Ill look into making a video about this. Thanks for watching 💪🏻

[@amandambongwa9216]

So simple! We tend to complicate things , I love how you simplify it , no fancy files , basic basic 👌🏼

[@louisreynhardt]

Thanks my friend. Appreciate the support 🙏🏻 🙌🏻

[@malibongwekula1254]

Nice one Guys, insightful. As per usual.

[@louisreynhardt]

Thanks my friend appreciate it 🙏🏻

[@khalidballim8081]

Fantastic video.
I'm glad you have a trusted tax professional.
I am also one if ever you or anyone else needs

[@louisreynhardt]

Thanks a lot.
Thanks for sharing. Will keep that in mind. Feel free to send your details

[@muneerpeters1210]

"Hi Louis, it's guys here" gees property management is truly rough

[@louisreynhardt]

Whatsupppp. I agree it can be scary at first but having the right skill makes it a bit easier.

[@xthemight1602]

Thanks a lot Louis. I want to ask, with South Africa having 1 of the worst tax bracket, when owning properties does some have to file their tax's as an individual or as a business, which gives the individual a lot tax bracket?

[@louisreynhardt]

Depends on how you own your property. It's better not to own any assets in your personal name.
I would suggest consulting with a professional.

[@kgomotsodiale7355]

Thanks Louis, This is a great video and very helpful.

[@louisreynhardt]

Huge pleasure, thanks for watching. Share it with someone you know will benefit from the info 💪🏻

[@CASALEITAOLODGE]

Hi man great content! If your properties are in a trust, if you ever want or need to sell doesnt the tax then hurt you much more than if it was in a company for example?
And if i may, how many properties do you own? And dont you look at comercial properties too?
Thanks again
Alex

[@louisreynhardt]

Hi Alex, great question. The short answer is No, theres many ways to reduce your taxes. Let me put it this way, the Pros far out weight the cons.
Also, I prefer not to disclose too many details, but I buy +-4 properties per entity, and I have many different entities 💪🏻

[@realunixzzz2278]

Do you hold the properties in own name or through a company?

[@louisreynhardt]

Trusts. I would suggest not owning anything in your own name 💪🏻

[@lindiwem8873]

​​@@louisreynhardtIf one had to buy the first property using their name, but want to continue using a trust, how would you suggest they go about transferring the first property from their name to the trusts'?

[@cryptoneurs]

Hi bro thanks for the insight... Am currently owning a easy property portfolio. Can I take it as real property ownership?. If not how can I build one?

[@louisreynhardt]

Pleasure my friend. It's not the same as brick and mortar property. Effectively, you are a fractional share owner. I would see it more as owning shares. But it's a great way to get started 💪🏻

[@GUUDKARMA_PRODUCTIONS]

@louisreynhardt , why not use a property management software?

[@louisreynhardt]

Thanks for sharing. I use TPN Rentbook 💪🏻💪🏻but even excel can do the job.

[@GUUDKARMA_PRODUCTIONS]

@louisreynhardt itd be cool if you tell us about the best property management softwares to use and their multiple tools, etc

[@user-ec8fu8yv3r]

Thank you Louie, how many properties do you own? Do you have a full time job?

[@louisreynhardt]

I would prefer not to say 🤣
I dont have a full-time job. I work for myself and run a couple of businesses. I used to be employed as a young teen

[@user-cb4bo8rx1n]

What's up Loui its guys here😅😅

[@louisreynhardt]

🤣🤣🤣