
A property manager is an individual or company that is hired to oversee the day-to-day operations of a unit of real estate. Property owners and real estate investors typically appoint a body corporate or board of trustees to hire the property managers.
As property managers we facilitate the process of communal residential living in estates such as apartment complexes, buildings, retail malls, and business offices are common types of commercial properties that are run by property managers.
There are many South African based property management companies to choose from and finding the right fit can be difficult.
At Ecliptic Estate Management we pride ourselves on providing hassle-free, secure, well-maintained residential living environments. As well as ensuring property owners are happy their asset is being well looked after.
Residential estate living in South Africa is the fastest growing sector in the real estate market. The reasons are multiple and varied: security fears driven by high levels of crime, the costs of maintaining an individual property, the benefits of being able to enjoy multiple facilities, and the desire to live in a community.
South Africa’s property sector is a rich and vibrant industry with various parties playing a critical role in providing services and also being a part of robust business engagements, which take place on a daily basis.
It is statutory that Sectional Title developments and Home Owner Associations appoint a board of trustees / directors (“the board”) to manage the affairs of the estate (estate infers complexes, buildings and other names that may from time to time be allocated to communal residential living or commercial developments).
The members of the board offer their services voluntarily, with no financial compensation. The financial portfolio of the estate, which includes levy collection, and the operational portfolio, which deals with the day-to-day issues of the estate, need to be outsourced. The cost of employing a property manager is often tax-deductible against the income generated by the property.
The primary role of the board of trustees / directors, elected to a position of service by the Body Corporate / Home Owners Association, is to protect the investments of all owners. Service providers, who act for and on behalf of the body, are tasked with making this happen. Simply put, harmonious, hassle free communal living!
We manage the operations of the estate on behalf of the board: communication, housekeeping, safety and security, gardens and maintenance, transgressions of the conduct rules, routine and ad hoc operational tasks and remedial projects, estate news and developments.
Our approach to administration management involves standardised systems and procedures which ensure uniformity and continuity within the group. This is of benefit to the estate when a relief manager is appointed for an annual leave period.
We have a mandate from the board and report exclusively to them. We implement the decisions of the board on a daily basis to ensure the tasks required for the successful operation of the estate are completed in a timely manner and to the board’s satisfaction.
Home owners are able to derive the maximum benefit from their investment because their property is managed professionally by a company that has their best interests at heart; this is one of the primary reasons why people choose to buy into a Sectional Title or Home Owner Association development.
For more details on how we can help you. Please have a look at our list of property management services.