Why should I appoint a Property Manager?

Oct 22, 2018 8:00:00 AM Share this:

It’s important to ask yourself “Do I have a thorough understanding of the Residential Tenancies Act and other associated statutes?” This is a highly specialized aspect of Real Estate and it is fraught with the danger of litigation in almost every task you undertake.

Industry understanding

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A competent Property Manager not only possesses a strong understanding of their role, they continually increase their knowledge of insurance requirements, changes to legislation and industry and market trends to ensure all clients achieve the highest level of service at all times.  Agents are often engaged to pick up the pieces of poorly self managed properties after it has cost the owner countless hours in trying to resolve conflicts with their tenant, not to mention the monetary cost. It’s important to ask yourself “Do I have a thorough understanding of the Residential Tenancies Act and other associated statutes?” This is a highly specialised aspect of real estate and it is fraught with the danger of litigation in almost every task you undertake.  A competent property manager not only possesses a strong understanding of their role, they continually increase their knowledge of insurance requirements, changes to legislation and industry and market trends to ensure all clients achieve the highest level of service at all times.  Agents are often engaged to pick up the pieces of poorly self-managed properties after it has cost the owner countless hours in trying to resolve conflicts with their tenant, not to mention the monetary cost.

Considering managing yourself?

If you are at all considering managing your own investment property then it’s wise to consider the following points:

Do you possess a thorough understanding and knowledge of the Residential Tenancies Act in order to maintain a fair and professional relationship with your tenant? The tenant may be entitled to compensation if you inadvertently breach their rights.

Do you understand a Landlords' obligation under other acts affecting a tenancy? Discrimination, consumer protection, building and other statutes all impact a tenancy.

Are you confident that you know enough about the tenant selection process to ensure that you ask the right questions and receive the right answers before you place a tenant in your valuable asset – this can save untold heartache and frustration for you.

As a private landlord, you may not have the appropriate access to credit control databases and run the risk of putting a tenant into a property without knowing their full credit history.  Often we find that tenants without a good credit history apply for properties that are privately managed as they know they can hide their past problems.

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Topics: Harcourts South Africa, Real Estate Agents, Property Manager

Agency commission debate a product of the economy

Oct 12, 2018 10:24:16 PM Share this:

In recent years the commission of estate agents has been a point of contention, especially within industry circles. In the past few months it has certainly risen to the fore again as a product of economic circumstances which has influenced the demand and value of property in certain key markets, like the major metros and surrounding areas. 


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Topics: Buyers market, Real Estate Agents, estate agent comission, Harcourts South Africa, Harcourts Academy

Harcourts South Africa Partners with The Global Challenge

Sep 20, 2018 10:34:54 PM Share this:

Harcourts South Africa has partnered with The Global Challenge, an international professional women’s golf team event – where nine players selected to represent the Northern Hemisphere will be teeing up against their counterparts from the Southern Hemisphere. The event is set to be hosted for the second time from 9-11 November in Hermanus, South Africa. 


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Topics: Harcourts South Africa, Harcourts International, Charity, Press relese, Community, Richard Gray

Local estate agency donates R20 000 to Down Syndrome Association

Sep 18, 2018 10:23:19 PM Share this:

Benoni based company Harcourts Elite, in association with the Harcourts Foundation, donated R20 000 to the Down Syndrome Association of Pretoria for their annual athletics day recently.


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Topics: Harcourts South Africa, Harcourts Foundation, Harcourts Elite, Down Syndrome Association, Richard Gray

Battery powered homes might soon be the norm.

Sep 10, 2018 8:00:00 AM Share this:

Sustainable solutions for homes are being developed at a rapid rate. Green homes are fast becoming the norm as opposed to the exception. We’ve seen the rise of water efficient homes dramatically rise in water scarce regions over the past few years. So, to a concerted effort is being made to ensure properties are energy efficient as well.

Maximising a home’s ability to save on resources can often be an expensive investment. However, the long-term pros continue to be an attractive choice for home owners. One of the areas where international green agents are investing a lot of research and development into is the addition of battery operated alternatives. We’ve seen organisations like Tesla make major advancements in the field of battery storage options.

For those of you thinking these are relatively new energy solutions to the real estate market you'd be forgiven. In fact in markets like the US battery powered homes have been in development and implementation phases for quite some time now.

Although the average home owner might not be able to afford battery packs that can drastically reduce grid usage there seems to be great interest in the developments and commercial markets. As in the case where US real estate developer Mandalay announced they plan to build 4000 ultra-energy-efficient homes which will feature 8 kilowatt-hour batteries from German manufacturer Sonnen.

There is no doubt that as South Africans continue to ride the unpredictable economic wave that more alternatives are going to be explored. Not only from the point of view to make a contribution to more sustainable solutions but also in an effort to become more independent and to ensure cost saving over the long term.

Statement by
Richard Gray
Harcourts Africa Chief Executive Officer


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Topics: Battery powered homes, Harcourts South Africa, Richard Gray, Technology

Retiring inland

Aug 20, 2018 10:30:12 PM Share this:

What makes South Africa’s interior a popular
retiree destination?


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Topics: Retirement, Retiring inland, Harcourts South Africa, Richard Gray

Weighing up rent to buy

Aug 20, 2018 9:26:39 PM Share this:

“There are various ways a rent-to-buy option can be structured and equally as many ways that these deals can go awry.”


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Topics: Renting, Tips for buying, Financial Advice, Weighing up rent to buy, Richard Gray, Harcourts South Africa

Find that country getaway home

Aug 20, 2018 8:00:00 AM Share this:

The hustle and bustle of the city and the energy of life a stone's throw from corporate magma is a drawing factor for many South Africans. We're aware of the urbanisation into major metros and the desire to achieve professional success as well the effects thereof on the micro economy of smaller towns.

However, for some, escaping that gripping hold of the city is essential and people who regularly trek to the country often explain how returning to simplicity a few times a year can be the recharge they were yearning for.

The primary option is usually to rent a home in the area for the holiday period or check into your guesthouse of choice, but calculating the benefit of owning property in these regions you'll discover can often be of greater value to the regular traveler.

Many estate agents have an extensive national footprint, Harcourts has over 150 offices nationwide with some being in smaller towns across all provinces, which will greatly assist in locating a property of your choice. Agents have databases and software that can match exactly what you're looking for against their stock.

When purchasing a second home or investment property, it is crucial to familiarise yourself with the local property landscape. Spend some time researching the value of homes in the area so you have a good idea what you can afford before starting the process. You don't want to overextend your budget on a home that is designed to relieve stress not create it. However, in many cases in the smaller towns you are able to get a lot more bang for your back.

Also, take into consideration what your usual holiday activities consist of and select a property that fits that schedule. If you're only looking for a place to rest your heads at night and typically explore the region during the day a home with all the extra bells and whistles that are aimed at extreme comfort might be a waste of money.

Buying a holiday home can be a very exciting process that yields incredible memories for your family. If you select a professional estate agent with a highly recommended local network then this investment could be a wonderful addition to the family.


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Topics: getaway home, country getaway, Harcourts South Africa

South African consumers could be getting a break

Jul 17, 2018 8:39:58 PM Share this:

We welcome the announcement by President Cyril Ramaphosa that Government will in two weeks’ time announce a package of economic measures to cushion the public from the devastating effects of high fuel price hikes and the VAT increase.

"As salaries are usually only increased annually, the consumer has to juggle unforeseeable market fluctuations on a perpetual basis, making it very difficult to adhere to a budget and plan investments,” says Gray. Richard Gray, Harcourts Africa Chief Executive Officer, says according to media reports, Ramaphosa was addressing business and government leaders in Pretoria ahead of the BRICS Summit this month. The President said a panel of various stakeholders from the economic cluster has been tasked with drafting the package. “It is an immediate necessity that consumer pressures on South Africans be addressed in a strategic and detailed plan. Therefore it is a welcome relief that president Ramaphosa said Government will be announcing a package of measures to ease the burden of the price increase, which will include the finalisation of the VAT-exempt products,” says Gray.

“The continuous rise of expenses on South Africans has led to many people stagnant in a consumer price pinch. We have certainly witnessed it in the property sector, with some locations slowing down completely as buyers turn to renting as a means to bide time and monitor the economic climate.”

He says even in high LSM markets the property market has slowed down. Analysing properties sold for the last 12 months (April 2017 to March 2018) along the Atlantic Seaboard registered with the Deeds Office, which includes both sectional and full titles, the region has undoubtedly experienced a cooling period after the drastic growth of the past few years.

“Unfortunately, consumers are directly impacted by tax increases due to our participation in a multitude of industries. We’re economically active, and as purchasers of an array of products and services we feel the knock-on effects of the suppliers who have to make changes in order to buffer the impact on their businesses,” says Gray.

“The rise of fuel costs as well as the increase in VAT has undoubtedly put pressure on the man on the street. As salaries are usually only increased annually, the consumer has to juggle unforeseeable market fluctuations on a perpetual basis, making it very difficult to adhere to a budget and plan investments.”


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Topics: South African Markets, President Ramaphosa, Richard Gray, Harcourts South Africa, South African Consumers

Harcourts welcome President Ramaphosa's economic package announcement today

Jul 12, 2018 12:17:57 AM Share this:

We welcome the announcement by President Cyril Ramaphosa that Government will in two weeks’ time announce a package of economic measures to cushion the public from the devastating effects of high fuel price hikes and the VAT increase. Ramaphosa was addressing business and government leaders in Pretoria this morning ahead of the BRICS Summit this month. The President said a panel of various stakeholders from the economic cluster has been tasked with drafting the package.

It is an immediate necessity that consumer pressures on South Africans be addressed in a strategic and detailed plan. Therefore it is a welcome relief that president Ramaphosa said Government will be announcing a package of measures to ease the burden of the price increase, which will include the finalisation of the VAT exempt products.

The continuous rise of expenses on South Africans has led to many people stagnant in a consumer price pinch. We have certainly witnessed it in the property sector. With some locations slowing down completely as buyers turn to renting as a means to bide time and monitor the economic climate.

Even in high LSM markets the property market has slowed down. Analysing properties sold for the last 12 months along the Atlantic Seaboard, April 2017 to March 2018, registered with the Deeds Office, which includes both sectional and full titles, the region has undoubtedly experienced a cooling period after the drastic growth of the past few years. 

Unfortunately consumers are directly impacted by tax increases due to our participation in a multitude of industries. We’re economically active and as purchasers of an array of products and services we feel the knock on effects of the suppliers. Who have to make changes in order to buffer the impact on their businesses.

The rise of fuel costs as well as the increase in VAT has undoubtedly put pressure on the man on the street. As salaries are usually only increased annually, the consumer has to juggle unforeseeable market fluctuations on a perpetual basis. Making it very difficult to adhere to a budget and plan investments.
Statement by

Richard Gray
Harcourts Africa Chief Executive Officer
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Topics: President Ramaphosa, Consumers Under Pressure, South African Markets, Richard Gray, Harcourts South Africa