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Taxed Bonuses for Property Investors and Landlords - Part 2, Recoupments Section 8 (4) a, Capital Gains Tax, Property investors choose prepaid meters to avoid electricity arrears from tenants, Property Investors Need to Keep up with their Tenants, An investment property for buy to let property investor is often confused with a speculation due to short terms buy to let rentals., Property investors communities merge. Ardent has merged with Property Investor Network., At the beginning we need to understand that in sectional title, the investor owns a section of the scheme. This means that the owner in a sectional title scheme is also part of a small community. Therefore, the considerations of sectional title ownership are quite the opposite of freehold properties where the owner is in complete control. Hence, it stands to reason that property investors needs to, Now, the biggest question usually is what are the functions of a Body Corporate? The Body Corporate functions are set out in the Sectional Titles Act 95 of 1986 and there are quite a few. Let have a quick look and understand the basics. Budgeting ? The Body Corporate must establish funds for administrative expense for the sectional title scheme., So, lets have a brief look at the powers of a Body Corporate. The Body Corporate can appoint agents and employees as they see necessary to fulfill the functions and responsibility of the Body Corporate. The law also says that, when it is necessary to fulfill the duties of a Body Corporate it can also buy, take transfer of mortgage bond, hire units or let o, Obligations with regards to their Own Section The responsibilities of the owner are set out in the Sectional Title Act, let's look at some of them: The owner must maintain their section in good state of repair. That makes absolute sense as if the Body Corporate takes care of the common areas the property owner should take care of their own area. The, Obligations in terms of the Conduct Rules Though the Conduct Rules are set out by and differ between each body corporate, there is a vanilla model that serves as the basis for drawing up conduct rules. This model is set out in the Annexures of the Act itself. It is very important to understand that if the rules are updated or amended and these are not filed, Buy to let properties for property investors that bring positive cash flow rather than long term shortfalls., 1. The interest exemption for under 65 year old individuals are up from R18,000 to R19,000. For over 65?s it is up from R26,000 to R27,500. This should really come in handy if you have plenty of natural persons as beneficiaries of your trust. 2. Each individual also now enjoy a tax free benefit on the first R46,000 they earn. Previously it was R43,000. 3. Altho, Private Property vs Estate Agents and Facebook in The Mix, interest rates, the perfect storm, Comparison of ABSA vs Nedbank Buy to Let Offering, Many estate agents are complaining the their bonds just don?t get approved. Some say only 10% of they normal rate is being approved and some say around 30%. That is a reduction in income of a minimum of 70% for estate agents, as not many people buy cash deals these days. Some bond submissions with exemplary buyers, have been rejected bonds and estate agents where in shock to, The current truth expresses by many estate agents is a resounding ? yes. But we think that there is more to the story than meets the eye. By now all property investors should be aware that fewer bonds are being granted, more people rejected for financing of all types and the bond approval period has been greatly extended. Estate agents started with a small change of 20 days to bond, Section 13 Tax Allowances in respect of Residential Buildings, Did the NCA save South Africa from a fate similar to the US?, What Does Connected Person Mean in Tax, The right of an Estate Agent to earn commission is enshrined in common law. In general, commission is due when the Estate Agent has perform a client's mandate, regardless of the amount of time or effort it took to perform the mandate.In South Africa, there is no limit to the amount of commission an Estate Agent can charge. In the upper end of the market, this often results in impress, investment properties are easier to buy in a down market, Reduce Tenant Churn and Increase Your Profits with Prepaid Electricity Metering, How to Profit Now from Property Market Downturn, Most would agree that affordability as a result high prices, increased interest rates and the NCA, has put many property buyers out of the market. However, this does not necessarily mean that the foreseeable future holds in store great rental profits for every buy-to-let investor. Lets explore the reasons why. Area - Each market and area has it?s own m, How to buy more property if you don?t have the money for deposit or transfer fees?, Firstly, when searching for properties to buy, investors often come across properties where the rentals are very low. The seller?s agent will generally tell you this is the case because the owner has rented out the property to the tenant for many years and because the tenant is a very good tenant, they hardly ever increased their rent. If you have never heard this line before, it means, In the last few years many developments have sprung and investors bough often more than one property. Though these could have been great investments some problems have been noticed with the fact that developments take time to develop and register at the deeds office. For many economic reasons including the increases in interest rates, some investors found that their affordability, Buy to let cash flow positive properties are hard to find, here is how property investors can find income generating properties., Investment properties are purchased to make money for the property investors and therefore need to be cash flow positive., What is negative gearing for property investments used by property investors, Investor Letting Workshop, Property investors need to optimize on their income to make up for the shortfalls in their bond repayments now more than ever before. Here are some expert tips that you can use depending on your circumstances. Just a few things you can do right now that can help you make and save money: 1. Short Leases ? Enter into short lease agree, Real Options for Over Indebted Property Investors, How to become a successful property investor, Even though the banks are harsh and procedural and have deep pockets to easily and swiftly take legal action, they are also interested in solving problems. It is costing the bank money to take legal action and repossess a property, not to mention the time, which in corporate terms equals money. Though more properties in execution are on the banks lists and some people have no, Renovating properties to make money for property investors and property traders., How to Identify Fake Property Gurus, How to calculate profits on property to ensure the right property investing decision has been made when buying an investment property., Property investing is about calculating the numbers to get the returns and understanding what the calculations are saying to the investor
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