Pretoria Property Rentals – Apartments, Houses & More - Huurkor
PUBLISHED 27 OCT 2016
3 Important Considerations Before Turning Your Home into a Pretoria Property Rental
Sometimes, moving out doesn’t necessarily mean that you’re moving on. Many homeowners who need to relocate aren’t necessarily ready to sell their homes, for a variety of reasons, which could include having too much left on their bond or simply wanting a fall-back property. Whatever the reason, you could find yourself with the prospect of turning your home into a rental property.
Before entering the property rentals market in Pretoria, there are specific aspects that you need to consider. It goes beyond considering how much equity you have in your home, or the market forecast for real estate in your suburb. If you want to make an informed decision that is the best for your financial future, let’s take a closer look at the things you need to think about before becoming a landlord.
- Talk to Your Tax Accountant
There is no way you can do this off the books, and quite honestly, you don’t want a cloud hanging over your finances, causing you to worry about when the government will discover your second income. The additional income can push you into a different tax bracket, for instance, and you need to know about this to keep on the right side of SARS and the relevant laws.
- Look into the Local Rental Market
Let’s be honest – there will always be a market for rentals in South Africa. With more and more rural families relocating to urban areas, there is a dire shortage for rental properties in South Africa’s major metros, including Pretoria, Johannesburg and Cape Town.
However, as an outsider trying to break into the property rentals sector in Pretoria, you will do well to seek out a trusted real estate management firm and property manager to get an accurate feel for the current rental market in your neighbourhood. Ask them about the demand for rentals for your type of home specifically, and the local market conditions that might have an impact on the future demand for rental units.
- Consider Partnering with a Property Management Firm
This is especially important if you are moving far away from your home, and won’t be able to reach the property in a short amount of time. Aside from being able to keep an eye on the property, how will you handle any maintenance and emergencies if you have to drive hundreds of kilometres? Are you a complete pushover when it comes to collecting late fees?
If you don’t want to be hassled by any of this, for a small percentage of the rental income, a property management company takes care of every aspect of the rental. From drawing up a legally binding lease agreement pursuant to both parties’ rights, to seeing to preventative maintenance, upkeep and every other aspect of the rental.
Why Trust Huurkor with Your Property Rentals in Pretoria?
Huurkor is a distinguished real estate and rentals agency with a long history of excellent service. We have firmly secured our place in the rentals market in Pretoria, and have helped property professionals and tenants access the expert and reliable solutions that they need to take care of their accommodation needs.
With a history dating back to 1968, we continue to help South African families from all walks of life buy, sell and rent their homes. Our team of property professionals is available to help you buy, sell or rent the property that you need. Let us help you find the best property for your short to medium, and even long-term needs, and tap into our vast knowledge and insight into the industry. We look forward to providing you with the great service you expect from an established real estate agency in Pretoria.