Can You Make Money from Renting Out Your Property on Airbnb, Booking.com, and Lekkeslaap? We (Louis Nel) recently bought a property with a granny flat attached. The property came with a tenant, whom we had the option to keep. They were very reliable until they decided to move to Cape Town. We sourced another tenant […] The post Make Money Using Airbnb in South Africa first appeared on // LOCALMONEY ..read more

Capital gains tax is paid on the proceeds of a property that is sold. Annual tax is paid on rental income. Remember to deduct your rates, taxes, levies, maintenance expenses and bank interest from income! Tax breaks include Section 13sex, quin and quat. The post Rental Property Taxes in South Africa first appeared on // LOCALMONEY ..read more

A Midcity Review I own a unit in a sectional title scheme managed by MidCity. We’ve had one annual general meeting (AGM) in the last five years. Even after requests, I did not get proof of communications between them and the trustees about requesting the meeting. I believe it was also not communicated that the […] The post How to Fire Your Managing Agent Effectively first appeared on // LOCALMONEY ..read more

Asset-based lending allows individuals to use their investment or crypto portfolios as collateral for property loans, bypassing traditional deposit requirements. Various banks and companies offer these loans with strict criteria based on asset value and type. While this method avoids capital gains tax, risks include potential market fluctuations and the need for collateral reassessment. The post How to buy a property using existing assets first appeared on // LOCALMONEY ..read more

Loans and asset-based lending offer alternative ways to access financing quickly and flexibly. You can tap into your resources without disrupting your financial plans. If you own e.g. shares, you can do so without incurring capital gains tax (CGT). Elon Musk originally planned to use Tesla shares as collateral for a $12.5 billion loan from banks, but he later abandoned this plan. He opted to sell his shares instead The post How To Buy A Property By Using Existing Assets first appeared on // LOCALMONEY ..read more

CSOS, the Community Schemes Ombud Service, regulates the conduct of parties within community schemes. The post CSOS – The Community Schemes Ombud Service first appeared on // LOCALMONEY ..read more

The Property Practitioners Regulatory Authority (PPRA) is the body that regulates the property industry in South Africa. It plays a pivotal role in ensuring trust, fairness, and transparency in this property market. The post Understanding the Property Practitioners Regulatory Authority (PPRA) in South Africa first appeared on // LOCALMONEY ..read more

Create a sectional title by checking the municipal bylaws first, getting a conveyancing attorney involved and a town planner. The post Creating a sectional title scheme first appeared on // LOCALMONEY ..read more

Landlord insurance is specifically tailored to landolords. It includes rental insurance, landlord liability and malicious damage. The post Landlord Insurance: Protecting Your Rental Investments first appeared on // LOCALMONEY ..read more

Many municipalities require the property to be rezoned or a special license/permit be obtained. You need to adjust your property commune needs, such as adding extra bathrooms and adding an extra fridge. You will also need a marketing plan, tenant screening and insurance in place. The post Transform Your Property into a Profitable Commune first appeared on // LOCALMONEY ..read more