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For many landlords, the idea of managing their own rental property or portfolio of properties seems relatively straight-forward. In many cases, particularly with single properties, an owner might manage just fine, provided the tenant pays on time and looks after the property.

In uncertain economic times, dealing with arrears and bad debt becomes more pressing for rental agents.

No residential rental agent needs to be reminded of the unbreakable golden rule – trust funds must be kept separate from business funds, to ensure landlord and tenant funds are only ever used for the purpose they were meant for.

Owning residential property for the purpose of letting is a popular addition to investment portfolios in South Africa since property almost always increases in value over time.

The rental industry has faced many challenges over the past 18 months – not least the job losses and financial pressure making it harder for tenants to pay their rent in full.

After nearly two years of COVID-19 and an ongoing economic slump, residential rentals provide an exciting opportunity for real estate agencies in previously underserviced areas, according to PayProp, South Africa’s leading rental payment platform.

Knowing how to select a property management firm is essential for not only managing your current property portfolio but also for helping to grow your business.

The past year has forced South Africans to relook their budgets and question every expense. The economic strain of the pandemic means everyone is looking to save where they can.