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Community Management

Community Management

Trust accounts vs individual accounts: How to optimise efficiency while meeting your clients’ needs

Property Management companies have two options when it comes to managing their communities’ accounts: a series of individual bank accounts for each community, or a single, central trust account in the name of the managing agent. “Trust accounts are the preferred option for most larger property management businesses because of the processing efficiencies that they provide,” says Danie van der…
Johann van der Merwe
6th Sep 2019
Community Management

Coffee with James Session 6: How to optimise efficiency while meeting your clients’ needs.

Property Management companies have two options when it comes to managing their communities’ accounts: a series of individual bank accounts for each community, or a single, central trust account in the name of the managing agent. That’s interesting. James, which one of the mentioned options are preferred by larger property management businesses? That’s a good question! Trust accounts are the…
Johann van der Merwe
6th Sep 2019
Community Management

Coffee with James Session 5: How to become a more profitable Property Manager

It’s a sad but well-known fact that small to medium-sized property management businesses are seldom (if ever) particularly profitable. Sure, they can deliver a reasonable turnover, but increasing that turnover usually comes with an associated increase in overheads, particularly with new regulations adding to the workload. What does this mean for property managers, James? Well, the sad fact is that…
Johann van der Merwe
17th Jul 2019
Community Management

How to scale your Property Management business

A primary goal for most business owners – regardless of industry – is to build a sustainable and profitable operation where day-to-day processes require minimal executive interference. This creates an environment in which you are free to work on your business rather than in your business – an important step towards the professional freedom that likely drove you to start…
Johann van der Merwe
31st May 2019
Community Management

How WeconnectU makes manageability challenges a thing of the past

In our last post, we discussed the importance of being able to measure key performance indicators in Property Management businesses in order to effectively manage staff productivity and portfolio performance. We also went into some detail on which KPIs offer the most value from a business insights perspective, and how those insights can help business owners and portfolio managers hit…
Johann van der Merwe
3rd May 2019
Community Management

The modern Property Manager’s guide to body corporate (sectional title) compliance

Let’s face it: the world of Property Management is nothing like it used to be. New legislation has not only heaped a number of additional responsibilities onto Property Managers’ plates, it’s also seriously upped the stakes when it comes to staying on top of sectional title management compliance. The new rules are undoubtedly in the best interests of the schemes…
Johann van der Merwe
30th Jan 2019