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

@lebogangmokone_pmbl8281

Жыл бұрын

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

@christinenxumalo7714

7 ай бұрын

Do professionals also do leases for backrooms?

@nosiphiwoqwabi2392

7 ай бұрын

@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.

@leratomatlala9716

3 ай бұрын

Best advice... ❤

I love the diversity of this channel, you can go from serious educational topics to fun crazy topics its very refreshing.

@NozibeleQamngana

3 жыл бұрын

Thank you so much sis ❤️

@noisyhoisy6283

3 жыл бұрын

Me too ❤️

@nathisworld4434

3 жыл бұрын

Sooo true🤗 my favourite channel

@KekeletsoKolisang

3 жыл бұрын

You can say that again. I am also just include all facets of my life on my KZread channel.

@godzillanismo4892

3 жыл бұрын

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!❤❤❤❤❤

A big sister to us all.🤞🏾

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

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!!!

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.

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.

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!

@harrisonmichael5047

Жыл бұрын

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

@jesbensommichael8397

Жыл бұрын

@@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

Жыл бұрын

@@harrisonmichael5047 Word of the day: fiduciary. do not talk to anyone who is not a fiduciary to you, who explains everything.

@harrisonmichael5047

Жыл бұрын

@@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

@danieljamal3709

Жыл бұрын

*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

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 ❤️

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.

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.

And this is why we love this channel...the range honey the range! 👏🏾

For someone who’s new in rental business, I would say this was very fruitful to watch and I like how spontaneous it was🙌🏽

Totally agree with the option of getting a property manager. Less stressful 👌

@richardkahatjipara1023

3 жыл бұрын

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.

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.

@dandiekekana7283

3 жыл бұрын

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.

@ntuthuuko1599

3 жыл бұрын

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.

Thank you for your honesty. You really showed the prons and cons and were not afraid to admit your mistakes

Location is every important!on point Nozi💯

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!!!

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.

This was so informative Nozi thank you in fact you are a high achiever you have done so many things in a young age.

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.

You are such a wise woman, i also love the fact that the chanel is all in one.

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.

@NozibeleQamngana

3 жыл бұрын

Absolutely!

@nickncube3157

3 жыл бұрын

🔥🔥🔥 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

@elliedlamini369

3 жыл бұрын

Hi Sisi, Can I ask what area in Midrand is that?

So informative, a lot to look at when looking to invest.

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 💕

Thanks Nozi, very informative topic. We appreciate you and all.

Thank you Nozi, learning more by the day.

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... 🙆🏾🤦🏽‍♀️

This was very insightful 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

Spot on my sister, I'm in jhb and started. I couldn't agree with you more. Thanks for a well presentation

This was really informative Nozi, thank you so much love

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.

@beewest5704

3 жыл бұрын

Plus students damage your property.

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.

In terms of building I would suggest that a person hire a construction company kunokuba uqashe person that was recommended in the township

@thina5918

2 жыл бұрын

100%%

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

I happen to come across this vidoe now and wow it's exactly what I needed to hear right now. Thank you Nozi❤❤👏👏

Thank you Nozi. You are a gem💎

Thank you for this. Timing is perfect.

I love your Channel Nozi. God bless you for sharing your knowledge

Loved it... related so much. Thank you Nozi ❤️

Thanks Nozi this is light in the darkness, God bless you for the light shared

Thank you Nozi for all the information

This video came at the right take for me, so informative. Thank you so much🙏🏽🙌🏽🙌🏽❤️

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.

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

I can't wait to get home and watch this... Downloaded already 💃💃💃💃💃

@mandisambangula3275

3 жыл бұрын

How do you download and watch later?

The topic was so relevant for me and I know exactly what you mean I have gone through it all .

Thank you Sis Nozi... I've learned so much from this

Love. Love. Love. Thank you tons!!

Yey notification gang❣️🔔🔔🔔🔔

Great insight.Very imformative & great transparency

You covered so many important aspects in such a short space of time. Thank u cc

This is very informative Nozi. Thank you for this. 🙏

Thank you so much Nozi❤️

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.

All the other videos I have found have been very cryptic.. Thank you for all the details and the laughs😘

Earned yourself a new subscriber. Thank you for the lesson 🌻

Thank you so much nana for this.. Needed to hear it

Hey love,umuhle kalokhu sana.I am about to listen couldn't hold myself not to comment before listening 😜😍

This is great NOZ. this experience is needed

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❤❤🌸🌸

This is very informative, thank you Nozi🙏

Great points there sis Nozi!🤍

Oh I decided early on that I am not getting involved with tenants. I am happy getting updates.

Your channel is diversifying. I’m here for all the growth!

What a useful 22 minutes of my life! thank you

Loving the content sis Nozi💯👌

Great advice . Thank you for sharing

Thank you Sis Nozi. I learn a lot from your channel.

Loving your video content. Thank you ❤❤❤❤

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

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❤❤❤

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 for sharing Nozi. So informative 👌❤️

No rush,take your time!!! ❤️

Wow wow wow very informative thanx cc Nozi🥰😍❤👏👏👏

Thank you for this

Notification gang gang 🥳🥳😘😘 we love you so much sisi❣

This was so informative, thank you😊

Thank you very very much for this Nozi , yhoo you literally gave me an insight hey..Thank you so much

Ndiyakuthanda Nozi ntombi. You are the girl ndikxelele!

Love this❤️ Thank You Noz

Thank you so much 💕

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

Very informative, thank u so so much Nozie ❤️

This was very educational! Do you specialise in just rental property? I would really appreciate your views on a property idea that's been burning in my mind but I have no idea where to start.

Very helpful. Thanks for the advice.

Thank you Nozi☺️🙏🏾

Thank you Nozi, very informative

Enkosi sis this is very informative, I've learned something.

Thanks alot such an eye opener💓👑💓💕

Thank you Nozi, very informative. 🤗🤗

Team like before watching, because it is always good content.

Great content and looking ever so gorgeous Sis ❤️🤗

You got me thinking mo_girl. Thanks for such an enlightment...🤔

Enkosi mama kakhulu, kuba I'm on that journey of starting this property business thank you for heads up it was useful, even although I don't like the style of borrowing the money from the back for me it's a no no, I rather wait save my money and buy cash.