And in all cases that we have seen, uh, when it comes to simple to large maintenance expenses, the program has always 100 percent sided with the tenant even in non questionable cases where it was very clear a tenant caused damage to the home, the program’s sided with the tenant and we were forced to move forward with the owner as if it was not caused at this as if the damage was not caused by the tenant, which in our case wasn’t extremely, it wasn’t a huge amount of money, uh, in our case. Some commentators maintain that there was a ‘conspiracy’ in the 90's to lure South Africa’s brightest people abroad, with the country portrayed only in terms of growing crime, AIDS infection and political instability, an impression which some South African expatriates were happy to endorse because it reinforced their decision to leave the country. Uh, so it’s much easier to find tenants, much easier to place tenants that way because there’s much more of them choose from. Through the indiscriminate exchange of 5 th freedom traffic rights, African carriers could face direct and But if you have an older home, it’s going to be harder to rent with a government sponsored program because they’re going to suggest you bring everything up to code. I even showed up at the government’s, uh, I even showed up at their offices where they said their offices were online and they told me they didn’t accept walk in and appointments, which really confused me because I literally could not get in contact with the, with the person I needed to, to answer some questions via any method. The good, the bad and the ugly facing South Africa after lockdown. Like I said, barring summit, some thing like this, a government shut down, but other than that you pretty much have it. else if ((width < 1200) && (width >= 768)) { But with most things in life, there are downsides too. You don’t have to track down late fees. Government retail bonds can be a great option for you. There’s um, I think the, I think the average, the national average is 92 percent, um, is what the 92 percent of your portfolio will be rented. It can also set certain standards that the builders and owners must live up to in the form of codes and ordinances to maintain some set standard of living. Um, sometimes also there are stricter criteria for renting. It is true that living in caring house has some advantages. googletag.pubads().setTargeting("Language", "en"); There is, there is no in between. Most of the owners that we talked to have a story around that. RDP housing is mainly built on the outskirts of cities I’m at out of the slum Lord designation because you’re really there to provide good housing for these tenants. Um, but I mean, so that’s what you’re getting into. But that has changed and in the 21st century South Africa is increasingly being portrayed in a realistic, positive light, with the emphasis firmly on sun, space, bush, beaches, surf, wildlife, clear skies and barbecues (braais). Naturally, there are also a few disadvantages, including: While free medical service is hard to maintain for a government with budget scarcity, it is a must to ensure a healthy nation. googletag.cmd = googletag.cmd || []; Government has embarked on a housing program to replace shacks in South Africa with low cost housing for families whose sole provider is unemployed or families who collectively earn less than R3500 per month. You don’t have to track down late fees. It’s what I’ve heard from other landlords as well. function hide_thankyou () { We are not going to get into the specifics of each program, but we’re going to talk in general about the pros and the cons of using government subsidized housing. } Um, and typically we see that any government sponsored tenants that we have, they are there longer term than normal. Also, one thing that we’ve seen on average, uh, like, uh, he said tenants are more well behaved on average. And usually that story is based on misinformation or misperception once we begin to talk to an owner about why do you feel the way that you do. So you really get a guaranteed rent for a very long time. Someone will get back in touch with you or you can reach out at any of our social media as you’ll find us on Twitter, Facebook, Instagram, Linkedin, everywhere, pretty much. The desperation of those in need resonates in illegal land invasions, evictions, violent protests, and discord between communities. More attention from the South African private sector to these industries would make them more wealthy and competitive on a domestic and global level. But, uh, but for us in our local area, it is purely the landlord’s choice on whether to go forward with subsidized housing or whether, whether to not go forward with subsidized housing. The citizens of a democratic government have the right to vote on … They come with a number of benefits: They're low risk, are easily accessible and you know what you'll earn before your buy. Because the government organization is there to protect the rights of the tenant, not necessarily to protect your profit margins and make sure that you’re not operating at a loss if you’re the homeowner. 2.4) Advantages and Disadvantages of the LHWP Advantages- Social Firstly, 3 500-4 000 jobs were created through this project, thereby boosting the local economy. As already articulated in the section above, the South African government has provided for a legal framework that necessitates the establishment and institutionalisation of Ward Committees as vehicles to entrench participatory development and governance at the grass-roots level. The Covid-19 pandemic has created a much harsher global backdrop for South Africa… })(window,document,'script','dataLayer','GTM-MQS989'); There are both advantages and disadvantages to buying a home in South Africa, although for most people the benefits far outweigh the drawbacks. So, uh, so those are the pros of using subsidized housing now. Just to have a relationship with someone when you make a phone call and say, Hey, here’s a situation, how do we get this workout? And so it’s important to say as a landlord, don’t, don’t be afraid, like there’s nothing to be afraid of in terms of dealing with subsidized housing. document.getElementById('thankyou').className='msg hidden'; And some owners, especially if it’s in a, if it’s a low income area and the home necessarily isn’t integrate area there, the, there will be definitely prepares that. And ironically, what we find is that, um, you know, many of our best tenants actually come from that environment because the tenants are very, very careful not to jeopardize their government housing. Apartheid and its opponents Apartheid was a system of legal racial separation that had complete control of the republic of South Africa from 1948 until 1993. The disadvantages are poor service, lack of ownership on health and limitation of free medicine program. A government has many great responsibilities to its citizens and better health care for everyone is one of them. Like I said, pretty much the biggest pro is the guaranteed rent check. So on a, a government sponsor tenant and a normal tenant, I will take the tenant who has government subsidized housing because they typically behave better, but there is one outlier if you get a bad tenant that is sponsored by the government, it will be the worst tenants you’ve ever had in your life. It could lead to better financial security for South Africa. by taking on too large a mortgage); The heavy workload associated with owning a large home and garden (although hiring staff is inexpensive in South Africa). So if a tenant causes damage to the home, wants to move out, wants to vacate, they won’t have the money to pay for it. The rent is always paid on time. Today we’re going to be talking about government sponsored or government subsidized housing. Ask them here: An introduction to buying property in South Africa. 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