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 Жыл бұрын
Do professionals also do leases for backrooms?
@nosiphiwoqwabi2392 Жыл 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.
@leratomatlala97169 ай бұрын
Best advice... ❤
@luvolee3 жыл бұрын
I love the diversity of this channel, you can go from serious educational topics to fun crazy topics its very refreshing.
@NozibeleQamngana3 жыл бұрын
Thank you so much sis ❤️
@noisyhoisy62833 жыл бұрын
Me too ❤️
@nathisworld44343 жыл бұрын
Sooo true🤗 my favourite channel
@KekeletsoKolisang3 жыл бұрын
You can say that again. I am also just include all facets of my life on my KZbin channel.
@godzillanismo48923 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 😅
@pennyndlovu72963 жыл бұрын
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!❤❤❤❤❤
@newworldupdates82483 жыл бұрын
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.
@sbonzama70132 жыл бұрын
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!
@noluthandomthuli20013 жыл бұрын
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
@rnkabelosadike9073 Жыл бұрын
For someone who’s new in rental business, I would say this was very fruitful to watch and I like how spontaneous it was🙌🏽
@tshegofatso_bm3 жыл бұрын
You are literally that big sister one never had. Information shared on this platform is always relevant. Thank you so much.
@funekaqwaks37053 жыл бұрын
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. 😍❤️
@itsemo19643 жыл бұрын
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!!!
@likopotsephe89793 жыл бұрын
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.
@vhasa88803 жыл бұрын
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.
@oyamabubu47683 жыл бұрын
A big sister to us all.🤞🏾
@ncumisanomazele8873 жыл бұрын
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 ❤️
@GeorgeOfTheJungle. Жыл бұрын
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
@leratomaphothoane32433 жыл бұрын
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!!!
@TAXSHELTER3 жыл бұрын
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.
@TACpodcast_ZA3 жыл бұрын
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... 🙆🏾🤦🏽♀️
@pozisanjisane23973 жыл бұрын
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.
@noluthandomthuli20013 жыл бұрын
In terms of building I would suggest that a person hire a construction company kunokuba uqashe person that was recommended in the township
@thina59183 жыл бұрын
100%%
@hlumelaputini41993 жыл бұрын
Totally agree with the option of getting a property manager. Less stressful 👌
@richardkahatjipara10233 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.
@Kazi6073 жыл бұрын
Location is every important!on point Nozi💯
@milaniinalim33573 жыл бұрын
And this is why we love this channel...the range honey the range! 👏🏾
@highandmightyqueen793 жыл бұрын
This was so informative Nozi thank you in fact you are a high achiever you have done so many things in a young age.
@natty30363 жыл бұрын
Thank you for your honesty. You really showed the prons and cons and were not afraid to admit your mistakes
@thabisamtyotywa38493 жыл бұрын
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
@jabudumisani64234 ай бұрын
Thank you. Learned so much from this. Information that took you years and experience to gather is passed on to me in just 22 mins. I appreciate you for this insight, i now won't be going into this blindly. Still room for disappointment there and there but a great light has been shed. Thank you again.
@jeanettemashigo79943 жыл бұрын
You are such a wise woman, i also love the fact that the chanel is all in one.
@tebbybear19233 жыл бұрын
Spot on my sister, I'm in jhb and started. I couldn't agree with you more. Thanks for a well presentation
@ntuthuuko15993 жыл бұрын
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.
@dandiekekana72833 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.
@ntuthuuko15993 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.
@rock882josh73 жыл бұрын
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
@leratotabile3 жыл бұрын
So informative, a lot to look at when looking to invest.
@jesbensommichael8397 Жыл бұрын
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
@nangamsom9343 жыл бұрын
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 💕
@yamyamkayamkela7274 Жыл бұрын
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.
@ms.kayzondwa31763 жыл бұрын
Thanks Nozi, very informative topic. We appreciate you and all.
@cookingwithzine56303 жыл бұрын
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.
@tumishopraise75946 ай бұрын
Thanks Nozi this is light in the darkness, God bless you for the light shared
@ncumisamzondi68983 жыл бұрын
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
@samjnr13003 жыл бұрын
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.
@beewest57043 жыл бұрын
Plus students damage your property.
@samanthamueni63222 жыл бұрын
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
@siphokazimemani35333 жыл бұрын
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❤❤🌸🌸
@nolubabalosiwendu47913 жыл бұрын
The topic was so relevant for me and I know exactly what you mean I have gone through it all .
@lifewithqueenSolo3 жыл бұрын
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.
@NozibeleQamngana3 жыл бұрын
Absolutely!
@nickncube31573 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
@elliedlamini3693 жыл бұрын
Hi Sisi, Can I ask what area in Midrand is that?
@thembinxitywa97543 жыл бұрын
This was very insightful Nozi 🙌🙏.
@SinikiweNgcobo3 жыл бұрын
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.
@timbawangu30383 жыл бұрын
Thank you Nozi. You are a gem💎
@pammaganise77843 жыл бұрын
Thank you Nozi for all the information
@SwagGTV0003 жыл бұрын
This was really informative Nozi, thank you so much love
@Ukwandaprojects9 ай бұрын
You covered so many important aspects in such a short space of time. Thank u cc
@felicia_rm3 жыл бұрын
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.
@boipelomanokochannel3 жыл бұрын
Oh I decided early on that I am not getting involved with tenants. I am happy getting updates.
@lebohangmotaung1753 жыл бұрын
Loved it... related so much. Thank you Nozi ❤️
@mpumiemajambase76393 жыл бұрын
Thank you so much Nozi❤️
@nomveloqumba45663 жыл бұрын
I can't wait to get home and watch this... Downloaded already 💃💃💃💃💃
@mandisambangula32753 жыл бұрын
How do you download and watch later?
@melodythusi65093 жыл бұрын
Hey love,umuhle kalokhu sana.I am about to listen couldn't hold myself not to comment before listening 😜😍
@roselineuiras86033 жыл бұрын
Thank you Nozi, learning more by the day.
@sinesipho_m41253 жыл бұрын
I happen to come across this vidoe now and wow it's exactly what I needed to hear right now. Thank you Nozi❤❤👏👏
@mukundiruth55553 жыл бұрын
Yey notification gang❣️🔔🔔🔔🔔
@queenmusapitso54063 жыл бұрын
This is very informative Nozi. Thank you for this. 🙏
@ThandsTV3 жыл бұрын
When it comes to buying property with tenants, you can’t just get new tenants by law. You have to ride out the contract.
@ThandsTV3 жыл бұрын
And please consider time value of money when considering whether to take out a mortgage loan or buying cash.
@mary-annsarahebigo87513 жыл бұрын
You can ask the estate agent to include a codicil on the OTP advising that the property will be empty upon transfer.
@mary-annsarahebigo87513 жыл бұрын
This will then make it the current owners responsibility to terminate the current active leases in a legal manner
@lebomonaisa45623 жыл бұрын
Thank you Sis Nozi... I've learned so much from this
@BEAUTIFUL_ALLSEASONS2 жыл бұрын
No rush,take your time!!! ❤️
@fxbadger3 жыл бұрын
hie ...great video ,where do l get more info about zoning of properties in SA? thanks
@nosicelosivuka8366 Жыл бұрын
Thanks Nozie for this eye opening information, even though I wish to contact you personally one day, buy yourtime.... siythethe Xhosa woman to Xhosa woman.
@exodusirest233 жыл бұрын
Great insight.Very imformative & great transparency
@taniamoyikwa59453 жыл бұрын
Ndiyakuthanda Nozi ntombi. You are the girl ndikxelele!
@zanelenxumalo50573 жыл бұрын
Property is good investment however do not make money immediately because must pay the back bank. Rates Maintaince. Difficult tenants not paying damaging your property.
@noxolosiswana9143 жыл бұрын
Mouthful Nozi. In addition, there's also costs that people don't pay attention to. These are: insurance, security costs etc. Even if you do not have any tenants to rent your property, you are liable to part with such costs on a monthly basis. So bare in mind.
@philanidlamini76693 жыл бұрын
Wow thank u so much am working on it.everthing u mentioned 👌I really wanna start this property business 🙏eNkosi sisi ndiyabulele
@ashleighncube8637 Жыл бұрын
All the other videos I have found have been very cryptic.. Thank you for all the details and the laughs😘
@bamekeatimilwe79252 жыл бұрын
Thank you Sis Nozi. I learn a lot from your channel.
@teehgirl72703 жыл бұрын
Wow wow wow very informative thanx cc Nozi🥰😍❤👏👏👏
@HisMaidservant3 жыл бұрын
What a useful 22 minutes of my life! thank you
@vusumzijoshuampondo63333 жыл бұрын
This video leaves me a lot of questions to be asked? Like yes I renovate the house(there's recommendable builders we have in the townships, they not registered/it's just skilled guys or foregneirs izmaqwela) and when we've used them do inspectors factor them or you had to insure the properties do banks/insurance companies overlook those in order to have insurance with them or adding value to your property?
@thobekiledimba82533 жыл бұрын
This was so informative, thank you😊
@nhlakaniphocele64143 жыл бұрын
Nozibele is it possible to have an interaction podcast where we the viewers ask you questions or have discussions regarding this. Ngiyabonga
@linn88543 жыл бұрын
I love your Channel Nozi. God bless you for sharing your knowledge
@sharminwitbooi2533 жыл бұрын
Enkosi sis this is very informative, I've learned something.
@Drawingboredi3 жыл бұрын
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
@dantemakoya3 жыл бұрын
Enkosi sis wami, this infomation is gold :)
@siboshongwe54093 жыл бұрын
Notification gang gang 🥳🥳😘😘 we love you so much sisi❣
@lwandilemadikizela74153 жыл бұрын
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.
@gracenovie3 жыл бұрын
Thank you for sharing Nozi. So informative 👌❤️
@wendyanderson85573 жыл бұрын
Question so from my propity every month it brings in R8000 than R2000 is used for rates and electricity, water they buy for themselves. Here's my question so from R6000 that's left how can I build my account in actually buying a other house to rent out??????
@sisandamakrexeni42373 жыл бұрын
This is very informative, thank you Nozi🙏
@thembelihledlamini80273 жыл бұрын
Love it whn she said dnt look for cheap labour cause thats true yoh 😩😩😩😩
@mankgabanemantlaneni Жыл бұрын
Thanks for an informative video, property Is lot of headaches 4 ppl non experienced ppl like me but 4 ppl with experienced maybe is a good investment but me I rather go for equity,Exchange traded funds which is also high risk but iam prepared to take that risk and potentially get higher return so everyone will choose wat they r comfortable with
@duduziletshabalala90507 ай бұрын
Nozi, I like the way you deliver your presentation. I stay in Vereeniging and think the demand for property is not as good as is in Pretoria where I am currently investing but I use lots of resources in addition ito. Petrol, security etc... I need confidence to invest where I stay. What do you think?
@nelisalupuwana27733 жыл бұрын
Loving the content sis Nozi💯👌
@hlubiscorner3 жыл бұрын
Great points there sis Nozi!🤍
@mrsmett55123 жыл бұрын
This topic is close to my heart, We are renting out our house in Beachview and we are utilising an Agent to oversee our property and she is doing a very good job. I am allergic to a long term bond jhooo.
@DrSpheLifeNRadiology3 жыл бұрын
This video came at the right take for me, so informative. Thank you so much🙏🏽🙌🏽🙌🏽❤️
@siphelelefumbata3 жыл бұрын
Your channel is diversifying. I’m here for all the growth!
@mayve953 Жыл бұрын
Buy in Hereford AZ!
@RealTalkWithNthabi3 жыл бұрын
This is great NOZ. this experience is needed
@phindiletulisa52233 жыл бұрын
Thank you Nozi, very informative
@KgRamabu Жыл бұрын
Very informative session.❤❤❤
@urbaintchoubou90652 жыл бұрын
Good Informations there, Thank You! Can you make a video about best township in PE to buy houses? And also how to buy RDP houses? Would love to buy.