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Frequently Asked Questions
Louis Property Management is a registered business in South Africa (Bloemfontein Consortium Group (PTY) Ltd 2021/751184/07 Trading As Louis Property Management) and we mainly focus on four main services:
1. Property Management
2. Property Rental Services
3. Complex Maintenance
4. Property Sales
We wish to only focus on sectional title schemes located in Langehovenpark as the director wishes to be personally involved in the day-to-day activities at each complex.
We offer an all-in-one service for body corporates which include the following services:
- Communication with owners and stakeholders via newsletters
- General Accounting, Budgeting, Financial Reporting
- Monthly invoicing and collection of accounts in arrears
- Property maintenance and repairs
- Enforcing rules/by-laws for each complex
- Preparation of meetings (Trustees & AGM)
Don’t have the time or know-how to let out your property in Langenhovenpark? Don’t fear, we are here to help. Not only do we screen our tenants, but we make sure they are settled in, report any faults and help with rent collection.
We charge 8% commission per month for the successful letting out of a property. We have an in-house maintenance team that can help with basic plumbing or electrical needs, as well as painting and built-in cupboards.
Our online marketing is second to none. We have an in-house production team that not only takes high quality photographs, but also create 360 Virtual Tours. This means future tenants can view the unit online and basically walk through the property without the need to make an appointment.
Did you know that when your complex is managed by Louis Property Management, we only charge 2% commission to sell your property? Traditional real estate firms charge between 4 – 8% commission. Just another reason to join our team!
Of course, it’s important to have your complex running smooth in terms of levy collection and paying salaries, but what about maintenance?
Some property managers ask for kickbacks when appointing contractors to perform maintenance duties at sectional title complexes.
Louis Property Management has ethic morals regarding transparency.
We will never ask contractors for a kickback when appointing them as service provider. Our main competitor in Bloemfontein is known for this practice. This is also why we use our in-house contractors and only invoice body corporates for material and labour – no 3rd parties involved. We believe in doing ethical business, always.
We offer a unique service called "Complex Rescue". Again, we only offer this service for complexes in Langenhovenpark.
When approached by owners or trustees of a complex, we initiate an action-plan where we aim to not only have the financials turned around in 2 months’ time, but also attend to much-needed maintenance work at the complex.
Not many property owners know this, but you can give notice to your managing agent and cancel their services within weeks. There is no law that prohibits a body corporate from doing this. If your managing agent tells you differently – then you may take legal action against them.
Once we receive written confirmation from the trustees/owners, we will start our magic! We still charge our monthly management fee (which is cheaper than most managing agents in Bloemfontein), but will only invoice for our services when we can prove that:
(a) The financial situation at the body corporate has either stabilized or improved since the takeover from Louis Property Management.
(b) When concerns of owners have been noted and attended to.
(c) When neglected, complex maintenance (due to poor management) has been attended to by our in-house contractors and a clear improvement is visible.
Previous body corporates that moved to Louis Property Management were able to keep their levies unchanged for 2 years, yet attend to all maintenance issues without accessing their investment account. This was done for our first client, Body Corporate Princess Gardens.
Well, you’ve come to the right place. As long as your sectional title complex is located in Langenhovenpark we’ll be more than happy to assist.
Provide us with your current budget, levy statements and financial statements and will forward you a proposal. You’ll be amazed to see how much money we can save your body corporate, not only in the short term, but also long term.