What to Consider For 2010 World Cup Property Rentals

With the 2010 South Africa World Cup just a few short months away, many property owners are seeing the influx of tourists as a chance to make some extra money by letting out their apartments or houses. Property near the Green Point Stadium and other game venues are especially lucrative in terms of location and convenience. While it may seem tempting to rent out your property at exorbitant prices, before putting your home and assets at risk consider the implications of managing your own property during a key event such as the FIFA World Cup.

The most important thing that many property owners fail to consider is the amount of management and responsibility involved in property rentals in Cape Town. Managing a property takes a lot more than simply choosing a tenant and reaping the financial rewards, and the process of screening suitable tenants, ensuring that deposits are paid, handling monthly or weekly payments and the overall task of ensuring that all goes to plan is something that very few homeowners are able to easily manage on their own. This is why many property owners are turning to management companies to help them run things smoothly – taking out the stress, admin and hassle that goes hand in hand with rental management.

Property management companies are able to assist with the following property services:

– Financial Management – from calculation of deposits to monthly or weekly short or long term rental prices, all aspects of finance can Levitra be managed on your behalf, with payments made to your bank account.

– Collections – prevent potential issues with late-paying tenants, and ensure that rent is collected on time – this is especially important when dealing with international tenants who may leave the country if payments are not followed up effectively.

– Payment of Expenses – if any expenses are required, your property management agent can assist and handle these.

– Administration Services – whether this is lease agreements, deposit notifications or returns, or any other admin that may be required.

– Insurance Services – this ensures that you are effectively covered, in the event of any accident, theft or other damage or loss.

– Property Renovations – if you need to perform any renovations prior or during the rental period, a property manager can assist with any upgrades.

– Maintenance and Repairs – prevent frantic phone calls in the middle of the night to fix any household items, as you allow a property manager to handle these details.

– Legal Issues – rather than having to call in a separate lawyer, you will be able to receive help to work out the fine print.

With things to consider such as late payments, damage to your property, unforeseen repairs and other issues, it is no wonder that homeowners are choosing to consult property experts to handle their property. Don’t take your chances with self-managed rentals during the 2010 South Africa World Cup – do the logical thing and contact a reputable agency such as Tarleys Trust and let us handle the basics while you reap the rewards.

Author Bio: Tarleys Trust is a full service Property Management Company in Cape Town, South Africa. Services include, property rental management, Cape Town property development and maintenance and body corporate management. http://www.tarleys.co.za

Category: Real Estate
Keywords: property rental management, cape town, property development

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