Technology News, IT News, and Press release service Submit Press Release

Information Tech News & Press Release Distribution

Press release distribution service

Home | Search Global IT News:
IT News & Press Release Distribution:

Property Management Company in Johannesburg Weighs To Buy or Rent Option





(IT-NEWSWIRE.COM, September 30, 2015 ) Johannesburg -- The information officer of Fitzanne Estates recently explored a question that majority of South Africans come to find themselves having to ponder on. Should I buy or rent this property?

The Fitzanne information officer comments, "It might seem like an obvious answer or common sense scenario to many intellectual individuals. However to some the idea of paying off debt and renting a property that might one day become private property is appealing.

Some banks have stringent criteria as well as deposits necessities thus making it difficult for new entries into the market. While if you know that you have bad debt records it's an obvious case that this option of renting to buy for you is not available."

The information officer of Fitzanne Estates also shared crucial advice with regards to buying to let. He comments, "When it comes to buying to let you must be directly involved in everything. Your approach must be hands on. For instance when you go into a rent to buy agreement and you decide to place a tenant in that specific property.

You must look at the credit ratings of prospect tenants first. Building a relation with your tenant will be necessary. When it comes to investing it's vital to invest in places where you feel comfortable. It's obvious that there is a big difference between Hillbrow and Bryston. It also important to be realistic and to have goals set.

Buying to let is not a short term but a long term investment that you must be fully prepared to be in. It can last from four to six years. You must be patient and focused in order to achieve your objectives."

He added, "You must also make sure that all the costs that include maintaining, property rates, levy and other costs are covered by the rent. Once you are sure of the rent price consider the year to year increments that are fair so as to keep a tenant, rather than having to always look for tenants who might end up giving you more problems."

Becoming the owner of a property that you are renting out is almost similar to a business, as all the costs that are involved are prone to tax. Keep all records in correct order such as costs of, security, maintenance and repairs.

Interest on mortgage bond, council taxes, rates. Agent's fees for property management services and finding you a tenant. He noted, "Consider getting apartments that are furnished because there are a good investment especially if you are targeting occupants that stay for a short while.

However letting a fully furnished apartment does have its own risks and it can be time-consuming as it will be a requirement to always conduct inspections so as to make sure that a tenant who tends to destroy any of the property pays for it. If you feel as if you cannot manage to consider using a letting agent. Many agencies charge fees to conduct interviews, credit checks, advertise and select the best tenants.

The property management company names that offer the best services are easy to select .Charges vary but a majority are normally 7 to 8, 5 % the total value of the lease for property management. For a piece of mind a letting management company is the best available option. For more information visit http://www.fitzanne.co.za/
.











About Fitzanne Estates:
Fitzanne Estates is a property management, letting, sales company that is based in Johannesburg and Pretoria. It has been in the property industry since 1982. It has a management portfolio containing more than 6000 units. The property firm strictly adheres to all the necessary legal requirements concerning property law in South Africa.Their main purpose is to sufficiently administer property to the benefits of landlords the Body Corporate and the Non-profit Company.

Fitzanne Estates

Daphne Fitzgerald

082 570 3858

info@fitzanne.co.za

Source: EmailWire.Com

Source: EmailWire.com

Information Technology Resources
  • Application Software
  • Bioinformatics
  • Computers
  • Computer Games
  • Enterprise Software
  • Graphics/Printing/CAD
  • Hardware/Peripheral
  • industrial Computers
  • Information
  • Internet
  • Multimedia
  • Networking
  • Public Sector
  • Robotics
  • Semiconductor
  • Software
  • Telecommunications
  • Webmaster
  • Information Technology (IT) Advertisement
    Information Technology Sponsors



    Information Technology Publications
    We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Information Technology resource center today to browse our selection of 600+ complimentary Information Technology magazines, white papers, webinars, podcasts, and more. Get popular titles including:

    The Integration Journey—a Field Guide to Enterprise Integration for SOA
    Government Technology\'s Public CIO
    Protecting Content During Business Disruption: Are You Covered?

    No credit cards, coupons, or promo codes required. Try it today!

    Press release distribution service

    ITPresswire.com is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright GroupWeb Media LLC. All Rights Reserved.

    :: Home: :: Submit Press Release :: Subscribe to News :: Shop Online :: Contact Us :: Help

    For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.
    Copyright 2008 GroupWeb Media LLC
    GroupWeb Media Network

    Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | i-SoftwareNews.com | iT-NewsWire.Com
    | i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
    ITPresswire.com - Newswire and Press Release service of GroupWeb Media LLC