(Industry) JOHANNESBURG (July 23) - Property24 today announced in a company press release the acquisition of a rental management system, which the company plans to add to its current software offering for estate agencies.
With high interest rates, less affordability and NCA requirements having taken their toll on the residential property market, many potential buyers are deciding to rent rather than buy for the present. Sellers are finding it difficult to get their asking prices, and in many cases are letting their properties instead of keeping them on the market.
These factors, according to the release, have resulted in a national demand surge for rental properties. Prospects of defaulting tenants and the difficulty of eviction have made owners nervous, and many landlords choose to make use of a rental agency as opposed to letting privately. The agency manages the marketing of the property, the rental application and the lease agreement, collects and disburses the rental and oversees the condition of the home for the duration of the lease period.
“The task of rental agents is a difficult and very responsible one,” says Christo Wiid, General Manager for Real Estate Services at Property24. “Taking on the management of someone else’s property is a daunting task requiring a significant amount of administration. However, the impending launch of our new rental management system will help ease the situation for rental agents.”
Requiring no software installation, the system is fully web based and is accessed via a standard web browser, including Mozilla and Firefox.
The new system is aimed at rental agencies, and includes a fully-fledged bookkeeping function compatible with most accounting software, such as Pastel, AccPac etc. Other options include the listing and management of an infinite number of rental properties, a comprehensive reporting system, automatic backup of data and a detailed history of all information for each property including tenant profiles.
“Agents will be able to maximize their profits, have better control over their listings and feature all their rental properties on Property24 automatically,” says Wiid. “The system is secure and password controlled, inspection reports can be completed online with photographs, and requests for repairs to properties can be submitted online. We can even have a reminder sent to the owner when it’s time for an escalation in the rental price.”
The rental management system will complement Property24’s stable of real estate packages and will be available after the official launch in early September.
(Industry) LYDENBERG, Mpumalanga (July 13) - With developers and buy-to-let investors pouring into Lydenburg in the wake of the area’s mining boom, there is an urgent need for local estate agents to obtain specialist knowledge and qualifications in sectional title p
(Industry) JOHANNESBURG (July 06) - Sandton estate agents Stan Rosenberg and Marc Wachenheimer have been named as this year’s top producers among the Lew Geffen Sotheby’s International Realty team working in greater Johannesburg.
New training requirements will shrink industry, says Homenet
(Industry) DURBAN (July 06) - In future it will be neither easy nor cheap to qualify as an estate agent – and further consolidation of the industry into big real estate groups that can manage and afford the necessary training is on the cards as a result.
Homenet launches new business package for franchisees
(Industry) DURBAN (June 29) - The times are changing rapidly for the real estate industry and while training and branding will remain important, the real key to estate agency success in future is going to be the business acumen of the principal.
(Industry) DURBAN (June 27) - Tyson Properties has extended its franchise footprint to the upper South Coast, adding its newly opened Scottburgh office to its family of franchisees operating in some of Durban’s most strategic areas – the Point Waterfront, the Victor
(Industry) JOHANNESBURG (June 18) - Aida National Franchises has reached another milestone in South African real estate history – the leading franchising group has become the first in the country to celebrate its 50th anniversary.
(Industry) CAPE TOWN (June 13) – Widespread media reportage of mass estate agent migration from the industry and closures of estate agency offices has been largely overstated, according to Jeanne van Jaarsveldt, finance and marketing director of RE/MAX of Southern A
(Industry) DURBAN (May 22) - Tyson Properties Glenwood stole the show at the company’s annual awards ceremony in the Drakensberg when it scooped five awards – the Franchise of the Year Award, the Dream Award (Merle Smith), the runner up to the Top Agent of the Year
(Industry) EAST LONDON (May 20) - Pursuing their goal of establishing a nationwide franchise network, Rawson Properties have sold a franchise for the entire East London residential area to local residents Kevin and Penny McCarlie.
Job expert advises holistic approach to keeping staff
(Industry) DURBAN (May 16) - The first five months of the year has shown some unique trends in recruitment practices within the property industry, according Kyle Watkins; CEO of Durban based PropertyJobs.
(Industry) CAPE TOWN (May 13) - Further evidence that many South Africans have faith in the future of residential property and are not overly concerned about the recent slow-down in sales comes with the announcement from Rawson Properties that the group’s expansion
(Industry) DURBAN (May 09) – There will be no changes in format, layout, circulation or advertising costs of the HomeGuide property magazine following its recent merger with property publishing house PA Media.