Managed rental schemes offer advantages for tenants

In recent years there has been a surge in demand for rental accommodation in the northern suburbs of Johannesburg, which has led to the development of rental schemes - sectional title developments that are owned and managed by one company purely for rental purposes.

“There are a number of advantages to renting an apartment in one of these schemes,” says Chris Renecle, MD of Renprop, “the biggest of which is that there is a vested interest by the owner in ensuring that the property is well maintained and looked after as it will directly influence the income potential and capital growth of the property.”

When it comes to renting a sectional title home, the top things that tenants often look for include good security, a neat and well managed complex and that the property is well maintained. “Managed rental schemes tick all the boxes on these points,” says Renecle.

“Renting an apartment in a managed scheme gives tenants peace of mind and a sense of wellbeing as it is in the interest of the owner of the scheme to ensure that the properties maintain their value and have a high occupancy rate.”

Renecle points out that as a result, tenants benefit from the attention to detail that is paid in these three key areas that they consider important. “Typical security measures in place in managed schemes include access controlled entrance/exit points as well as a 24-hour guard present on the property.”

In addition Renecle says that when it comes to managed rental schemes, the service providers responsible for maintenance and upkeep of the common areas are professionally managed, with their level of service carefully measured against key performance indicators to ensure that the greater property looks neat and appealing. “The overall welfare of residents is further taken care of through ensuring that the rules of the sectional title complex are strictly adhered to with appropriate action taken where residents break the rules.”

Overall the individual properties in rental schemes are well maintained with all features in good working order to encourage tenants to stay for as long as possible while simultaneously ensuring that the property holds its value. “This benefits both the owner and the tenants.”

He says that another benefit to renting in a managed scheme is the fact that there is also only one entity to deal with when it comes to the lease and any problems or issues that may arise within the complex. “This gives tenants a more holistic service and therefore a more streamlined rental experience.”

Renecle concludes by saying that those tenants who are looking for a cohesive and smooth rental experience in a well run and managed complex, a managed scheme is a good option.

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 23 May 2018
      Homeowners who are thinking of selling and “trading up” to a bigger or a better home had better be quick now if they want to get the best deal.
    • 23 May 2018
      The new Loftus Park development in Arcadia is really going to boost the demand for homes and rental accommodation close by and the neighbouring suburb of Sunnyside, says Gerhard Kotzé, MD of estate agency group RealNet Holdings.
    • 23 May 2018
      The importance of correctly pricing a property for sale is more imperative than ever. This is according to Debbie Justus-Ferns, divisional manager of Renprop Residential Sales, who says that despite this crucial selling fact being emphasised so often, in the current market, many sellers are still expecting unrealistic prices for their homes which is having a negative impact on the ultimate sale price.
    • 22 May 2018
      Extreme weather appears to be the new normal, evident by the volume of insurance-related disputes reaching the industry watchdog’s desk. To avoid a situation in which your insurer refuses to pay up, you should proactively ensure that your home is well-maintained and ready for whatever winter has in store.
    • 22 May 2018
      As the impact of technology on the real estate industry becomes more significant, it is clear that there is a need for an objective look at not only traditional real estate models but also online and other alternative low-commission real estate agencies, to examine what they offer and what their impact might be.
    • 22 May 2018
      According to Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, dealing with some sort of neighbour dispute is an unavoidable part of life unless, perhaps, you choose to live on a remote small holding for the rest of your life.
    • 22 May 2018
      Buyers feel that they are getting value for money in the Northcliff area without having to compromise on aesthetics and amenities
    • 21 May 2018
      Secure living is one of the growing property trends in South Africa and Nooitgedacht Estate in Stellenbosch certainly ticks the right boxes for buyers who want a secure, exclusive lifestyle in one of the Boland’s most sought-after estates, says Pam Golding Properties.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us