Im an attorney by profession and get so many queries from friend who after the fact stuggle with tenants because they either didnt get a tenant to sign a lease or they used a template lease that they got from the internet that didnt adequately protect themselves. I cannot stress enough the need to consult professionals and have a team of professionals to assit you in purchasing and managing a property. Spending money on professionals means you spend less in the long run in fixing problems
@christinenxumalo7714 Yes, any property or part of a property that is leased, it will always be advisable to have a lease in place, even if it's a back room. It avoids having disputes about things that could have been solved should there have been a lease.
Very true Nozi. I also invested in property blindly @the age of 23. It is difficult to deal with tenants on your own, more especially if the tenants understand the eviction laws in our country ( the law protects the tenants than the Landlord in most cases). The was even a time where my tenants could not afford the rent for almost 5 months during Covid-19, I'm sure you can understand the frustrations and the pain because the bank and the municipality will have to be satisfied at the end of the months. But I'm glad that I have to learn what u r saying the hard way. I am more Vigilant now when it comes to this business and it is working for me.
Also another thing that I learnt the hard way is that you need to ask for the scheme's finances if buying a flat or complex. Ask for body corporate statements and municipal statements before signing your OTP! The last thing you want is to buy into a scheme that is in the red. I have recently bought a well run complex that has a surplus of R 3.5 million in the past financial year (2021). So hopefully It will continue to be well run!
This is so so crazy, my husband and I we are planning to purchase our first property and this information could not have come at a perfect time... This is extremely informative and I thank you sooo much Nozi. 😍❤️
Bathong Nozi I've tried to ignore just how much we share in common from both being November babies, to us talking a lot, being having dated in Lusikisiki now boom investment property as if you are me and I am you lol same struggles mtase!!!
I enjoyed this, because you kept it simple and relatable. You made such valid points, most especially point on location and having an agreement in place. Thank you!!!
This episode was very informative/ insightful, we always hear about the pros of owning rental property and hardly about the cons. Thank you for always sharing information with us ❤️
Thanks so much for this, I'm currently building rental property with my savings. I hope to top it up with minimal personal loan for fittings at the end. I'm starting very small to get the hang of the business first.
It has helped Nozi. Thank you. People need to take into account tax implications too. It's so sad when business go under because people didn't pay their taxes.
Thank you so much sisi. I bought a house for my mom last year and we are planning on renting it out after 5 years. This has been really helpful. I have lots of time to do my research 💕
Not always.pm,s don't really interview prospective tenants .anyone or anything just for their commission. You could loose money on repairs. They may inflate invoices if they manage the repairs also.trust me,I know.
You are such a Gem 💎Nozi, I recently followed your story because of my Friends...(They are Fans) But I feel like most of your hardships were just for us to be educated.... Like Giiiiiirl!! You are taking me to School 👩🏫with these different (yet common) topics, especially amongst us bantu Bantsundu. I applaud you for carrying them (hardships) so well and of course opening our eyes to the stereotypes. Much Love
Thank you for sharing Nozi, this is very informative. This process can be a lot especially when you are black, young female and single. Abantu bavele bakudelele nje.
Hi Nozi, thanks for all this information, VERY informative. I recently purchased a house (which I'm staying in). I considered subletting a room since I'm a single female staying in a 3 bedroom house. I legit thought it was a good idea initially but learning now that I really need to equip myself with the right information first because Ha ah sana kungabaTricky real quick. This was absolutely lovely to watch and listen to. I also have a channel where I talk about my experience purchasing a house at 27. It's been such a roller-coaster experience sana... 🙆🏾🤦🏽♀️
Ndozi I think it better you highlight also the number of rooms that were present in your your newly bought yard ,you can pay the 10 k and your yard can have 30 rooms each paying 1k ,30*1k =30k ,it's is very important to buy where you see that it will be beneficial.
I have also witnessed this conversion of certain areas into student hubs (in Limpopo). It really does cause a deterioration of the area for example overcrowding and noise.
Such an great video, thanks for sharing your learnings with us. My channel is all about personal finances so this is interesting to watch. And yeah property investments are overly romanticized.
There are a lot of strategies to make tongue-wetting profit that the average joes don't know. . Personally, the financial-market for me seems the only way forward with my long time horizon (accrued roughly $457k in gains since Mid 2021 ) but if you don’t have that fortune of time it’s a tough market out there almost nowhere feels safe!
If you’ve got patience I believe it’s a great time to invest… I’m no expert but as Warren buffet said he’s seen this happen a number of times throughout his life
@@harrisonmichael5047 I've known I had wanted to start investing for a few months but just haven't been brave enough to start due to the market so far this year. I have $60k I want to transfer into an S&S ISA but it's hard to bite the bullet and do it. $457 is a huge milestone, Please what's your strategy? I will love to have an insight
@@jesbensommichael8397 MARTHA ALONSO HARA really seems to know her stuff. I looked her up on the web using her full name and found her page, read through her resume, educational background, and qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I'll book a session with her
*MARTHA ALONSO HARA* is quite popular on Bloomberg I doubt if there is anyone who is serious about stock trading that doesn't know her. She has helped me quite a few times in growing my portfolio and it was blissful without any setbacks. she is a tough person in an industry that demands clairvoyance
I've invested in rentals too and what you have said is true some tenants will take advantage when you are young and call you sweety or even want to date you again dealing with tenants yourself is not as easy it's better to get a company to deal with tenants on your behalf
Building is far cheaper.. I'm planning to build my dream house. Just make sure you get as many quotes as possible from different kinds of suppliers.See the work they've done and speak to homeowners... In fact ask people who've built to recommend their builders. It'll be a headache but 20years bondage isn't worth it. Whatever the bank will approve you for bond wise, see what kind of build you'd get for that amount... You'll be amazed.
Finding a land to build a dream home is also costly, depending on where you want to to build of course. I think people resort to bond houses simply because they are not fortunate enough to buy a home or land for cash. It is a costly option but one that is most accessible. I still agree with you though.
Yes.. Availability of land in preferred areas is definitely a problem. Buying cash is definitely a tall order dor most of us... But personal loans are shorter term and I am personally mlre comfortable with that. I borrowed to get a piece of land over a 24 months term, I'm a year into paying that off. I plan to then borrow to build over the the longest term possible depending on how much I'll get lol.. I'm thinking 5yeara...then I'll be done. I realised also that what one gets for the bond amount one qualifies for is usually not even what we desire, but what we can afford. What one can build, is much closer to what's desired at a much lesser price.
Location is very important. I invested in a 3 bedroom apartment in Midrand. Law & behold I now fall under Waterfall with so much development happening & my property value is increasing significantly every year. Property in the locations grow in value very slowly & I'm one that wants my investment to grow significantly.
10:30 you are 100% correct - you are spot on - im sending this video to all my friends in the property game or who what to invest in the property buy to let adventure --mi love you lady Zozibele
Hi Nozi, great video! What I've learned from Robert Kiyosaki is that before you commit yourself in the real estate business, learn (study) as much as you can or else you will learn the hard and long way and find yourself losing a lot of money in the process.
Also you have to pay rates and taxes, maintenance of the property, lawyers fees to evict tenants, lights and water, garden cleaning, security, also property prices are dropping due to crime and over supply in market...its just not worth it
Im an attorney by profession and get so many queries from friend who after the fact stuggle with tenants because they either didnt get a tenant to sign a lease or they used a template lease that they got from the internet that didnt adequately protect themselves. I cannot stress enough the need to consult professionals and have a team of professionals to assit you in purchasing and managing a property. Spending money on professionals means you spend less in the long run in fixing problems
I had an agent handle my property and I still got a bad hand but one thing I learned is whether you use a professional or not do due diligence
Do professionals also do leases for backrooms?
@christinenxumalo7714 Yes, any property or part of a property that is leased, it will always be advisable to have a lease in place, even if it's a back room. It avoids having disputes about things that could have been solved should there have been a lease.
Best advice... ❤
I love the diversity of this channel, you can go from serious educational topics to fun crazy topics its very refreshing.
Thank you so much sis ❤️
Me too ❤️
Sooo true🤗 my favourite channel
You can say that again. I am also just include all facets of my life on my RUclips channel.
Well it is about AIDS and she posted one property video now it's a diverse channel.
I subscribed thinking it's about property investment
Perkele
😅
I'm 20 and still in varsity, I've always wanted to invest in property and this has been very insightful. Thank you so much sis!❤❤❤❤❤
Very true Nozi. I also invested in property blindly @the age of 23. It is difficult to deal with tenants on your own, more especially if the tenants understand the eviction laws in our country ( the law protects the tenants than the Landlord in most cases). The was even a time where my tenants could not afford the rent for almost 5 months during Covid-19, I'm sure you can understand the frustrations and the pain because the bank and the municipality will have to be satisfied at the end of the months. But I'm glad that I have to learn what u r saying the hard way. I am more Vigilant now when it comes to this business and it is working for me.
Also another thing that I learnt the hard way is that you need to ask for the scheme's finances if buying a flat or complex. Ask for body corporate statements and municipal statements before signing your OTP! The last thing you want is to buy into a scheme that is in the red. I have recently bought a well run complex that has a surplus of R 3.5 million in the past financial year (2021). So hopefully It will continue to be well run!
You are literally that big sister one never had. Information shared on this platform is always relevant. Thank you so much.
This is so so crazy, my husband and I we are planning to purchase our first property and this information could not have come at a perfect time... This is extremely informative and I thank you sooo much Nozi. 😍❤️
A big sister to us all.🤞🏾
Bathong Nozi I've tried to ignore just how much we share in common from both being November babies, to us talking a lot, being having dated in Lusikisiki now boom investment property as if you are me and I am you lol same struggles mtase!!!
So informative, a lot to look at when looking to invest.
Thank you for your honesty. You really showed the prons and cons and were not afraid to admit your mistakes
For someone who’s new in rental business, I would say this was very fruitful to watch and I like how spontaneous it was🙌🏽
Location is every important!on point Nozi💯
Prices in the township are also not market related it is very easy for your tenants to leave because next door wakho is offering a cheaper rent
And this is why we love this channel...the range honey the range! 👏🏾
This was really informative Nozi, thank you so much love
This was very insightful Nozi 🙌🙏.
You are such a wise woman, i also love the fact that the chanel is all in one.
I enjoyed this, because you kept it simple and relatable. You made such valid points, most especially point on location and having an agreement in place. Thank you!!!
Thanks Nozi, very informative topic. We appreciate you and all.
This episode was very informative/ insightful, we always hear about the pros of owning rental property and hardly about the cons. Thank you for always sharing information with us ❤️
This was so informative Nozi thank you in fact you are a high achiever you have done so many things in a young age.
Thanks so much for this, I'm currently building rental property with my savings. I hope to top it up with minimal personal loan for fittings at the end. I'm starting very small to get the hang of the business first.
It has helped Nozi. Thank you.
People need to take into account tax implications too. It's so sad when business go under because people didn't pay their taxes.
Thank you so much sisi. I bought a house for my mom last year and we are planning on renting it out after 5 years. This has been really helpful. I have lots of time to do my research 💕
Totally agree with the option of getting a property manager. Less stressful 👌
Not always.pm,s don't really interview prospective tenants .anyone or anything just for their commission. You could loose money on repairs. They may inflate invoices if they manage the repairs also.trust me,I know.
Loved it... related so much. Thank you Nozi ❤️
Area and location is very key! Its speaks to market value of the properties within that area and the market value of the property you are purchasing.
Thank you Nozi, learning more by the day.
Spot on my sister, I'm in jhb and started. I couldn't agree with you more. Thanks for a well presentation
This video came at the right take for me, so informative. Thank you so much🙏🏽🙌🏽🙌🏽❤️
This is very informative Nozi. Thank you for this. 🙏
I happen to come across this vidoe now and wow it's exactly what I needed to hear right now. Thank you Nozi❤❤👏👏
You are such a Gem 💎Nozi, I recently followed your story because of my Friends...(They are Fans) But I feel like most of your hardships were just for us to be educated.... Like Giiiiiirl!! You are taking me to School 👩🏫with these different (yet common) topics, especially amongst us bantu Bantsundu. I applaud you for carrying them (hardships) so well and of course opening our eyes to the stereotypes. Much Love
Thank you for sharing Nozi, this is very informative. This process can be a lot especially when you are black, young female and single. Abantu bavele bakudelele nje.
Thank you Sis Nozi... I've learned so much from this
Thank you Nozi. You are a gem💎
Hi Nozi, thanks for all this information, VERY informative. I recently purchased a house (which I'm staying in). I considered subletting a room since I'm a single female staying in a 3 bedroom house. I legit thought it was a good idea initially but learning now that I really need to equip myself with the right information first because Ha ah sana kungabaTricky real quick. This was absolutely lovely to watch and listen to. I also have a channel where I talk about my experience purchasing a house at 27. It's been such a roller-coaster experience sana... 🙆🏾🤦🏽♀️
Hey love,umuhle kalokhu sana.I am about to listen couldn't hold myself not to comment before listening 😜😍
I love your Channel Nozi. God bless you for sharing your knowledge
Ndozi I think it better you highlight also the number of rooms that were present in your your newly bought yard ,you can pay the 10 k and your yard can have 30 rooms each paying 1k ,30*1k =30k ,it's is very important to buy where you see that it will be beneficial.
Thank you Nozi and really some township can be a problem. People in our areas don't rent out houses for business purposes it's just for fun
The topic was so relevant for me and I know exactly what you mean I have gone through it all .
This is very informative, thank you Nozi🙏
Great insight.Very imformative & great transparency
I can't wait to get home and watch this... Downloaded already 💃💃💃💃💃
How do you download and watch later?
Earned yourself a new subscriber. Thank you for the lesson 🌻
Thank you Nozi for all the information
You covered so many important aspects in such a short space of time. Thank u cc
I have also witnessed this conversion of certain areas into student hubs (in Limpopo). It really does cause a deterioration of the area for example overcrowding and noise.
Plus students damage your property.
Such an great video, thanks for sharing your learnings with us.
My channel is all about personal finances so this is interesting to watch.
And yeah property investments are overly romanticized.
Thank you for this. Timing is perfect.
Thanks Nozi this is light in the darkness, God bless you for the light shared
Yohhhhhhh! This is the first video I've watched from your channel and I'm already impressed. You have a new subscriber from me sis❤❤❤
Thank you so much nana for this.. Needed to hear it
All the other videos I have found have been very cryptic.. Thank you for all the details and the laughs😘
Enkosi kakhulu sis Nozi. This in one thing that has been in my mind for quite some time now,at least now I know where to begin with your help❤❤🌸🌸
Your channel is diversifying. I’m here for all the growth!
Thank you for sharing Nozi. So informative 👌❤️
There are a lot of strategies to make tongue-wetting profit that the average joes don't know. . Personally, the financial-market for me seems the only way forward with my long time horizon (accrued roughly $457k in gains since Mid 2021 ) but if you don’t have that fortune of time it’s a tough market out there almost nowhere feels safe!
If you’ve got patience I believe it’s a great time to invest… I’m no expert but as Warren buffet said he’s seen this happen a number of times throughout his life
@@harrisonmichael5047 I've known I had wanted to start investing for a few months but just haven't been brave enough to start due to the market so far this year. I have $60k I want to transfer into an S&S ISA but it's hard to bite the bullet and do it. $457 is a huge milestone, Please what's your strategy? I will love to have an insight
@@harrisonmichael5047 Word of the day: fiduciary. do not talk to anyone who is not a fiduciary to you, who explains everything.
@@jesbensommichael8397 MARTHA ALONSO HARA really seems to know her stuff. I looked her up on the web using her full name and found her page, read through her resume, educational background, and qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I'll book a session with her
*MARTHA ALONSO HARA* is quite popular on Bloomberg I doubt if there is anyone who is serious about stock trading that doesn't know her. She has helped me quite a few times in growing my portfolio and it was blissful without any setbacks. she is a tough person in an industry that demands clairvoyance
Great points there sis Nozi!🤍
This was so informative, thank you😊
Very informative, thank u so so much Nozie ❤️
Loving the content sis Nozi💯👌
Thank you very very much for this Nozi , yhoo you literally gave me an insight hey..Thank you so much
Wow wow wow very informative thanx cc Nozi🥰😍❤👏👏👏
Loving your video content. Thank you ❤❤❤❤
Thank you Sis Nozi. I learn a lot from your channel.
Enkosi sis this is very informative, I've learned something.
Thank you for this vid Nozi, it was much needed❤👊
I've invested in rentals too and what you have said is true some tenants will take advantage when you are young and call you sweety or even want to date you again dealing with tenants yourself is not as easy it's better to get a company to deal with tenants on your behalf
Building is far cheaper.. I'm planning to build my dream house. Just make sure you get as many quotes as possible from different kinds of suppliers.See the work they've done and speak to homeowners... In fact ask people who've built to recommend their builders. It'll be a headache but 20years bondage isn't worth it. Whatever the bank will approve you for bond wise, see what kind of build you'd get for that amount... You'll be amazed.
Finding a land to build a dream home is also costly, depending on where you want to to build of course. I think people resort to bond houses simply because they are not fortunate enough to buy a home or land for cash. It is a costly option but one that is most accessible. I still agree with you though.
Yes.. Availability of land in preferred areas is definitely a problem. Buying cash is definitely a tall order dor most of us... But personal loans are shorter term and I am personally mlre comfortable with that. I borrowed to get a piece of land over a 24 months term, I'm a year into paying that off. I plan to then borrow to build over the the longest term possible depending on how much I'll get lol.. I'm thinking 5yeara...then I'll be done. I realised also that what one gets for the bond amount one qualifies for is usually not even what we desire, but what we can afford. What one can build, is much closer to what's desired at a much lesser price.
Notification gang gang 🥳🥳😘😘
we love you so much sisi❣
What a useful 22 minutes of my life! thank you
Thank you so much Nozi❤️
This is great NOZ. this experience is needed
Great content and looking ever so gorgeous Sis ❤️🤗
No rush,take your time!!! ❤️
Thank you Nozi, very informative. 🤗🤗
Location is very important. I invested in a 3 bedroom apartment in Midrand. Law & behold I now fall under Waterfall with so much development happening & my property value is increasing significantly every year. Property in the locations grow in value very slowly & I'm one that wants my investment to grow significantly.
Absolutely!
🔥🔥🔥 you did good..myself i usually the UK property market to make sure am not buying at -5 year loss in South Africa.
Am so happy for you hey
Hi Sisi, Can I ask what area in Midrand is that?
Yey notification gang❣️🔔🔔🔔🔔
Love this❤️ Thank You Noz
Great advice . Thank you for sharing
Very helpful. Thanks for the advice.
Team like before watching, because it is always good content.
10:30 you are 100% correct - you are spot on - im sending this video to all my friends in the property game or who what to invest in the property buy to let adventure --mi love you lady Zozibele
Thank you Nozi, very informative
Thanks alot such an eye opener💓👑💓💕
Wow thank u so much am working on it.everthing u mentioned 👌I really wanna start this property business 🙏eNkosi sisi ndiyabulele
In terms of building I would suggest that a person hire a construction company kunokuba uqashe person that was recommended in the township
100%%
Love. Love. Love. Thank you tons!!
first time seeing your channel. i love it.
Oh I decided early on that I am not getting involved with tenants. I am happy getting updates.
You got me thinking mo_girl. Thanks for such an enlightment...🤔
Ndiyakuthanda Nozi ntombi. You are the girl ndikxelele!
And interview tenants as you do they view the propery ! You don't have to say yes to anyone just to fill the space.
Love this video. Enkosi Sisi
Thank you nozi...very informative indeed
Thank you for this
Hi Nozi, great video!
What I've learned from Robert Kiyosaki is that before you commit yourself in the real estate business, learn (study) as much as you can or else you will learn the hard and long way and find yourself losing a lot of money in the process.
Also you have to pay rates and taxes, maintenance of the property, lawyers fees to evict tenants, lights and water, garden cleaning, security, also property prices are dropping due to crime and over supply in market...its just not worth it