Strategy
The return on investment in a sectional title unit is heavily impacted by the levies charged in comparison with other similar sectional title villages. We strive to understand what the main cost drivers are in a specific sectional title village. Thereafter we carefully manage the expenses and income on an ongoing basis to ensure that the village is run effectively. We have a thorough understanding of the management of any sectional title development.
Services
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Levy administration:
Monthly billing of levies to owners
Collection of levies
Bad debt administration and liaison with attorneys
Annual levy roll and update of changes
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Finance:
Annual budgets and cash flow forecasts
Monthly management reports, income and expenses versus budgets
Cash flow management (interest-earning accounts)
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Accounting and admin:
Monthly accounting of cashbooks and expenses administration
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Secretarial:
Regular trustees’ meetings (with detailed quarterly trustee packs)
Detailed notice of trustees’ and AGM meetings
Compilation of detailed minutes
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Statutory:
E-filing of SARS returns, including VAT, PAYE/SDL and UIF
Annual tax returns and IRP6
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Management and conduct rules:
Enforcing management and conduct rules, written warnings and penalties.
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Insurance:
Administration liaison between Owners and Insurance Broker relating to insurance claims
Liaison with insurance brokers regarding annuals replacement value and renewals
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Financial statements:
Annual financial statements and audit preparation
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Levy clearance certificates:
Issuing of levy clearance certificates
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Maintenance and queries:
Dedicated maintenance team to deal with all day-to-day repairs at certain premises