Why should you make use of Cape Letting? Because we offer stress free property management!
Detailed Rental Analysis
We do a Detailed Rental Analysis (DRA) which includes a property inspection to evaluate and highlight beneficial features and recommend an advertising strategy. We will look at the location, expected rental return, market trends and client affordability.
Tenant Sourcing
We undertake web based marketing to source a suitable tenant. We action detailed background checks, credit checks, proof of employment and salary verification, affordability checks and a personal interview.
Lease Management
We conclude a Lease Agreement drawn up by our Attorney that complies with the Rental Housing Act and The Consumer Protection Act.
Pay monthly municipal accounts and levies.
Collection of Rent
We generate a systems-driven rental invoice for first month’s rental and refundable damages deposit.
We generate monthly tenant invoices.
We secure rental and transfer directly to Owners bank account.
Trust Account Management
Transfer refundable damages deposit into our Trust Account to earn interest for the tenant. (Deposit is either 1.5 or 2 times monthly rental).
Full Fidelity Fund Certificate in place.
Repairs & Maintenance
Undertake and manage all maintenance and repairs.
Advise owner of doing timeous repairs in order to safeguard their investment.
Inspections
We action ingoing inspection and inventory.
We undertake bi-annual inspections and supply detailed report to Owner.
Full Outgoing inspections.
Owner Feedback
We generate monthly Owner statements.
Draw up tax reconciliations.
Give legal advice with the assistance of our legal partners.
Short Term Management
Let us take the stress out of short term holiday rentals At Cape Letting we offer you:
Advertising
Advertise property on various portals and sites including AirBnB.
Screening
Screen all prospective clients Match property to suitable clients.
Administration
Ensure Lease Agreement is signed. Attend to all clients enquiries
Inspections
Action in-coming inspection. Manage inventory. Action out-going inspection.
Day-to-day management
Meet and greet clients on arrival. All day-to-day management. Immediately address all breaches.
Financial
Ensure deposit is secured. Collect and pay over 50%. Balance paid over prior to arrival. Pay all accounts due. Action reconciliations for Owners.
Maintenance and repairs
Cleaning prior to arrival. Cleaning during let. Cleaning at outgoing.
Key and lock management
Hand over keys on arrival. Keep a master set at office. Replace keys if required. Change locks if requested.
Sectional Title Management
Do you need a Professional Property Manager to Manage your Sectional Title Block? Let us Manage the day-to-day issues for you!
Administration
Attend Trustee meetings. Arrange all procedures for AGM. Action all AGM administration. Assist with AGM procedure. Prepare and dispatch notices. Assist with Body Corporate rules.
Auditing
Arrange annual Audit pack and Submit audited statement.
Budgeting and Financial Management
Annual preparation of budget for Trustees. Ongoing review of budget. Maintaining individual ledger accounts for Owners. Verify and make payment of funds for the Body Corporate.
Insurance
Arrange insurance for the block and Administer common property insurance claims.
Levies
Set monthly levies, Manage CSOS levies, Efficiently collect levies, Collect on and charge for arrears and Pay regional service levies.
Monthly reporting
Preparation of monthly income and expenditure accounts and balance sheets. Prepare a monthly arrears report.
Record keeping
Record keeping of accounts. Keeping records of assets and liabilities. Record income and expenditure. Register of all Owner detailsR. etain all records for 6 years.
Reserve management
Prepare for contingencies. Advise and assist in managing the reserve fund. Open and manage the reserve account. Open and manage a bank account for the Body Corporate.