It’s going to be very hard to raise rents, very hard to recoup any additional costs that you have to eat as a homeowner. Promotes fairness. Uh, it’s really keeping you. Hello, I am Jamie Swalm and I’m here with Connor Swalm and we are the hosts of the Landlords Resource brought to you by Swalm Property Management where each week we provide practical content to educate and empower landlords. Now, there are many programs that vary around the country. And so, uh, you know, let’s get into some of the cons. As already articulated in the section above, the South African government has provided for a legal framework that necessitates the establishment and institutionalisation of Ward Committees as vehicles to entrench participatory development and governance at the grass-roots level. The citizens of a democratic government have the right to vote on … So that’s pretty much the greatest pro that you could recognize right away. Housing: Between 1994 and the start of 2001 over 1.1 million cheap houses eligible for government subsidies had been built, accommodating 5 million of the estimated 12.5 million South Africans without proper housing. Advantages And Disadvantages Of Apartheid. It is generally allocated to people with children, even if it is not their own children. ", But I’ve, I’ve definitely heard of stories where that was not the case where it was significant damage that tenant got away with because they were being protected by the government agency. Welcome to another episode. Staff Writer 21 April 2020. Naturally, there are also a few disadvantages, including: You should also bear in mind the following pitfalls that await anyone purchasing property abroad: Finally, it is instructive to consider the views of South Africans, particularly those who left the country in the early post-apartheid years (a phenomenon sometimes disparagingly called the ‘chicken run’), fearing a breakdown of law and order and a Zimbabwe-style persecution of whites. Through the indiscriminate exchange of 5 th freedom traffic rights, African carriers could face direct and Required fields are marked *. '&l='+l:'';j.async=true;j.src= The high purchase costs associated with buying property in comparison with some other countries; High inflation (currently around 5 per cent per annum); Traffic congestion and pollution in some towns and cities and a high road death rate in the country as a whole; Cool, wet, windy winter weather in some regions; The duration and cost of flights to South Africa from Europe or North America, although prices are coming down. Aware of these deteriorating circumstances, in 2008 the South African government decided that it would set out to increase housing provision from 270,000 to 500,000 units every year until 2014, by which time it hopes to have been able to eradi-cate squatter camps and slum areas (Department of Housing, 2005, 2006; Bhengo, 2008). if (width >= 1200) { healthy, physically and mentally. I mean, that’s a national program with, with any government subsidized program, you, you pretty much won’t have that level of vacancy. But with most things in life, there are downsides too. We see this time and time again, tenant causes damages to the home and then moves out. The advantages are; the government can assist individuals to obtain housing that they may not qualify for otherwise. And sometimes it goes a long way. It does not matter how wealthy or poor your family is, free education levels the ground for all kids, giving everyone an equal opportunity to excel. RDP housing programme was introduced to redress the imbalances of the apartheid legacy by providing decent housing to poor people who were victims of the land segregation policy by the apartheid government. And so our only option at that point was to simply release the property back to that owner because we were, we were unwilling to be between an owner that was unwilling to fix something and a attendant, rightly so, that was not having that fixed. window.cookieconsent_options = { I mean, obviously we report this to the government agency, but we have never seen those checks. Your email address will not be published. googletag.defineSlot('/1015136/MPU2_300x250', [300, 250], 'div-gpt-ad-1319640445841-4').setCollapseEmptyDiv(true).addService(googletag.pubads()); We have a lot of relationships that we’ve developed over a period of time with a lot of the local boots on the ground government personnel that aren’t involved in this. Yeah. So typically what we do is at the end of every lease, we’ll, we’ll look at the property, we’ll do a rental, cma will do a property value cma, and then we will adjust the rent accordingly or suggest to the owner that we, uh, change the rent accordingly with the government sponsored housing programs. Often that’s enough for a lot of homeowners. So, um, overall what I would say, um, is that, is that if you, if you want to go into using government housing, do not be afraid of that. And ironically, I mean, we manage, we manage a lot of subsidized housing as well through the government programs. You, you may have a tenant in your property that is responsible to you, but you are responsible to these government organizations, so you’re completely at their will. A property or if it was just vacant to begin with when you took it over, the most expensive part of property management for an owner is re-tenanting the property. Subscribe here to get Weekly tips on how to manage your property more effectively. It suggests it is difficult for South Africa to move away from the bureaucratic system, as in the above example, the social development want to "institutionalisation of the social grants payment system within the SASSA".This old model of organization allows for favouritism and patronage (Hughes 2013).The NPM commitment to privatization has been difficult for South Africa because the country lacks the … The advantages of the privatization of government-owned companies are as follows: Private companies are more responsive to consumer demand. More attention from the South African private sector to these industries would make them more wealthy and competitive on a domestic and global level. Protects the Interest of Citizens. if (typeof(child) != 'undefined' && child != null) parent.removeChild(child); I meant, I mean, I might have touched on this a little earlier, uh, when your subjects to more, uh, inspections. The intention of this programme was to … So we had swamp property management. "learnMore": "privacy & cookie policy. else if ((width < 1200) && (width >= 768)) { Um, sometimes, I mean, I had an experience where I left phone calls, voicemails. "theme": "light-top" googletag.pubads().setTargeting("Language", "en"); Um, however, um, I would not suggest that as a landlord you attempt to do that yourself. I mean, we have some owners that prefer not to have government sponsored, um, a tenants in there just because they want, they don’t want that rent check coming from the government programs in that way. These Provinces alone account for 60% of the RDP houses provided in South Africa (StatsSA: 2016). It could lead to better financial security for South Africa. googletag.pubads().setTargeting("URL", "Advantages-Disadvantages"); function hide_thankyou () { by taking on too large a mortgage); The heavy workload associated with owning a large home and garden (although hiring staff is inexpensive in South Africa). That is the largest reason to use government subsidized housing. So sometimes it’s, it’s extremely painful to deal with government entities. Well, first and foremost, the most easily recognizable benefit of government sponsored how housing is a guaranteed rent check. Most of the owners that we talked to have a story around that. Unexpected renovation and restoration costs (if you don’t do your homework); The risk of overpaying for a home, and being unable to sell it and recoup your investment; The possibility of over-stretching your finances (e.g. So if you, if you, if you are one of those homeowners that allows government sponsored tenants in their homes, then you will have a much easier time finding tenants. Advantages and Disadvantages of Globalization on South Africa. And the other thing which is very, very important is that locally, there are a lot of relationships involved. So if they wanted to slow down the process even more, uh, or if they wanted to change the way you had to interact with your tenant or that organization that is completely in their power, you have no power when you’re dealing with the, went with these organizations, right? new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0], If they wanted to deny it for whatever reason, they will deny it and more often than not, you will not hear back from that government organization for I would say six months. But that has changed and in the 21st century South Africa is increasingly being portrayed in a realistic, positive light, with the emphasis firmly on sun, space, bush, beaches, surf, wildlife, clear skies and barbecues (braais). https://www.economicshelp.org/blog/501/economics/advantages-of- Um, sometimes also there are stricter criteria for renting. So they normally take very good care of the home while they’re there. So you really get a guaranteed rent for a very long time. ", } The Covid-19 pandemic has created a much harsher global backdrop for South Africa… However, in spite of the clarity of the legislative framework on the Like I said, pretty much the biggest pro is the guaranteed rent check. We have all of our contact information on their phone number. Good rental possibilities (in many areas); Reliable, inexpensive local tradesmen and services; Sophisticated transport and telecommunications systems; A relaxed, slow pace of life in rural areas; The natural splendour of the countryside. // ]]> The emphasis is on creating To consider which best meets with policy objectives in Wales.• To provide evidence for Welsh Government to take action.• Part I – inter-relatedness of ASB policy to social housing. That was, that was with them in that home. So when you’re dealing with the government agencies, it requires a lot more expertise. And usually that story is based on misinformation or misperception once we begin to talk to an owner about why do you feel the way that you do. Um, so that being said, it’s what I’ve seen. Um, but I mean, so that’s what you’re getting into. Also, if a tenant caused the damage, right, there is a reason that they have government subsidized housing. This is a government entity that is something at sometimes it’s slow and it’s painful and the processes are very old or sometimes don’t work. It is true that living in caring house has some advantages. This is not a private organization that is purposely running efficiently to make a profit. Naturally, there are also a few disadvantages, including: Within the literature, more complex interpretations have fostered some important insights (see for example They don’t have to open it up, don’t have to look in the walls, they’ll know exactly what’s wrong with the home, they’ll suggest the do remodels and sometimes the remodels that they suggest are more than the actual purchase price of the home. The key to this link is an infrastructural programme that will provide access to modern and effective services like electricity, water, telecommunications, transport, health, education and training for all our people. There’s um, I think the, I think the average, the national average is 92 percent, um, is what the 92 percent of your portfolio will be rented. Housing is an often contentious and aggressively debated topic as it carries the weight of a huge number of socio-economic factors. It can vary in different geographies and there’s different national conversations happening about this. With ownership of the mining industry turned over to the public sector, investors and businesspeople of the private sector previously involved in mining would be able to focus their efforts on other industries. "domain": "justlanded.com", So it’s at that point, it’s not in the owner’s best interest to do so. Yeah. "message": "We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We haven’t seen any back, uh, so I wouldn’t hold your breath, but there is a process to supposedly deal with that from there. You can’t, you can’t really beat that. googletag.pubads().setTargeting("App", "www"); And some owners, especially if it’s in a, if it’s a low income area and the home necessarily isn’t integrate area there, the, there will be definitely prepares that. googletag.pubads().setTargeting("Channel", "Property"); Yeah, uh, dealing with, in any sense, it’s not all rose pedals and it’s not all fun a first you’re dealing with a government entity. It is a term used to describe the changes in societies and the world economy that is a result of dramatically increased cross-border trade, investment, and cultural exchange. var parent = document.getElementById("tipafriend"); So on a, a government sponsor tenant and a normal tenant, I will take the tenant who has government subsidized housing because they typically behave better, but there is one outlier if you get a bad tenant that is sponsored by the government, it will be the worst tenants you’ve ever had in your life. It’s what we’ve seen as a company. You are as well. According to the website Homecoming Revolution (www.homecomingrevolution.co.za ), which is a non-government site started by two young South African businesswomen, an increasing number of the South Africans who emigrated during the last decade – many to Australia, Canada, New Zealand, the UK and the US – are returning, disappointed with the weather, the high cost of living, poor public services and a stressful lifestyle in their adopted countries, and attracted by a belief in South Africa’s bright future. googletag.defineSlot('/1015136/MPU1_300x250', [300, 250], 'div-gpt-ad-1319640445841-3').setCollapseEmptyDiv(true).addService(googletag.pubads()); They’ll say need to be made in order to get the rent check that a homeowner’s not willing to make a. and so sometimes you’ll be subject to stricter criteria then you’d like, that’s not necessarily a bad thing. So if somebody wants to reach out to us some more information as a couple of follow up questions, what’s the easiest way for them to get ahold of us? } Well, first and foremost, the most easily recognizable benefit of government sponsored how housing is a guaranteed rent check. Usually, you will receive 100% of your rent check on the first of the month. Your email address will not be published. And if you like what you hear, go ahead a jump on whatever platform you’re listening this on and give us a great review and we look forward to seeing you back next time. And if you ever find yourself in a situation where you are unable or unwilling to do the adequate repairs when a government organization is involved, and rightly so, uh, it is a much, much bigger deal. //
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