Property Management

Property Management

jps-trust-rental-property-management-atlanticaWe began as far back as 1981 to manage some of the first sectional title schemes in Stellenbosch. From the very beginning we applied ourselves enthusiastically to the work, and the experience we have since acquired has now made us leaders in the field. Our knowledge and expertise – which also covers all aspects of the Sectional Title Act and Home Owners Association Constitutions – have encouraged more and more clients to entrust the management of their property to us.

The advantages that clients enjoy by appointing JPS Trust as their professional managing agency are many and comprehensive.

Probably the most important advantage every trustee of our Bodies Corporate and associations enjoys is continuity in the management of his or her property. This is made possible by our established stability and professionalism work.

Because we have such wide experience of all the various aspects of property management, we can assist trustees with several options and solutions to the normal issues and problems of property management. We are also able to detect very quickly when a situation is out of the ordinary and will investigate immediately.

The strength of our organization and the large size of our client base make it possible for us to obtain the very best from a variety of service providers at competitive prices.

Dispute resolution

We regularly have to deal with conflict between owners, lessees, residents and their guests. The experience we have gained in dealing with such situations enables us to resolve conflicts quickly and efficiently. Recently we have successfully used mediation and arbitration to resolve difficult issues successfully.

Our Property Management services include:

1. Financial Management

  • Operation of a current bank account and savings accounts on behalf of the Body Corporate/HOA.
  • Collection of levies and other income due to the Body Corporate.  Monthly statements are presented.
  • Verification and payment of all accounts payable by the Body Corporate/HOA including Unemployment Insurance Fund, Workmen’s Compensation and Regional Services levies, Municipal accounts, insurance premiums and maintenance and repairs.
  • Preparation of clearance certificates.

2. Administration Services

  • Keeping records of the administration including proper books of account (computerized).
  • Keeping complete records of levy statements of each owner.
  • Preparation of an annual estimate of income and expenditure for submission to the Board of Trustees and the Body Corporate/HOA for approval and the determination of monthly levies.
  • Periodic review of the estimate of expenditure.
  • Arranging the annual audit with the auditor of the Body Corporate/HOA and on completion, submission of the audited statements to the members of the Body Corporate/HOA.
  • Attending to all correspondence on behalf of the Body Corporate/HOA including letters and notices to occupants.
  • Storing the minute books, attendance registers, the register of sectional bondholders, sectional plans, rules, insurance policies and all other permanent records of the Body Corporate/HOA.
  • Assisting and advising the Board of Trustees on the enforcement of the rules adopted by the Body Corporate/HOA, on specific instructions from the Body Corporate/HOA.

3. Meeting Services

  • Arranging the Annual General Meeting (one per year) and by arrangement, quarterly meetings of the Board of Trustees.
  • Attending quarterly Trustee meetings by agreement, but not exceeding two hours in duration.
  • Keeping and submitting minutes of all meetings to the Trustees and the members of the Body Corporate/HOA.
  • Assisting and advising the Board of Trustees on procedural matters such as general meetings, special general meetings, quorums, proxies, resolutions, voting rights, etc.
  • Attending to proxies, nominations, agendas, etc.

4. Insurance Services

  • Assisting the Board of Trustees in the determination of replacement values, arranging for valuations where required and obtaining competitive insurance premiums.
  • Arranging for the insurance of buildings and improvements and any other insurance the Body Corporate/HOA may require.
  • Handling insurance claims in regard to the common property on behalf of the Body Corporate/HOA.

5. Project Management

We’re proud to say that our trained and qualified team includes highly experienced project managers who are available to assist in planning, organizing and managing your building repairs, renovations, construction or maintenance projects to agreed goals and objectives.

Project Supervision and constant communication

It is critical to ensure exceptional communication between the contractor and our owners and trustees in order to keep them informed of the progress of the project. Keeping record of the project budget and reporting regularly to trustees is of the utmost importance.

Quality Control

Quality control is one of the primary areas that contractors are evaluated on. Quality control inspectors can be appointed for all projects as requested by the board of trustees.

Weekly quality control reports can be presented to the board of trustees during major projects.

Site safety

We ensure that all contractors have valid SHE-files for every project. We arrange Health and Safety audits for all Bodies Corporate/HOA.

Flexi maintenance managers

Three different caretaker or maintenance manager options are available.

Daily:
Management of a maintenance manager appointed by the trustees and who’s duties will entail the supervision of contractors, garden services, maintenance workers and security guards for a couple of hours each day. The flexi maintenance manager will also perform regular site inspections and report any defaults to the managing agent. He will operate on a flexi-time basis and it is ideal for developments with a tight budget.

Weekly:
Management of a weekly part-time maintenance manager for smaller developments with regular maintenance, security, cleaning and pool care responsibilities and where a full time manager would not be cost effective.

Monthly:
Management of a dedicated maintenance manager who performs monthly site visits for standard maintenance issues like lights, drains, gutters and downpipe cleaning.

6. Maintenance and Repair Services

Main objectives:

Liaison with maintenance and building contractors.
Prepare a three or five year maintenance program based on Trustees requirements.
Maintaining a panel of qualified contractors in all sectors and levels of maintenance and painting.

Home Owner Associations in the process of properties being built

  • Record keeping and management of plan approval processes in consultation with independent architects.
  • Distribution and implementing of the architectural guidelines .
  • Co-ordination of approvals and final acceptance of plans.
  • Monthly reconciliations of building levies .
  • Record keeping of building timeline and imposing of fines.
  • Monitoring of contractors and ensuring compliance with environmental standards.
  • Enforcing of rules and builders contracts as established by Trustees.
  • Monitoring of compliance with architectural design manuals in consultation with independent architects.
  • By order of the Trustees implementation of procedures necessary to ensure compliance where non-compliance has occurred.

Painting Projects:

  • Clearly define painting needs and report to Trustees.
  • Obtain quotations to prepare cost estimates for conducting the work.
  • Obtain and provide comprehensive specifications for the preparation, repair and painting project.
  • Address the controls required when disturbing lead paint or Asbestos surfaces under the Body Corporate’s Health and
  • Safety guidelines.
  • Identification of firms that may be qualified to complete the project.
  • Schedule mandatory pre-bid meeting between the candidate contractors and board of trustees where the scope of work must be presented in detail and questions regarding the project can openly be discussed.
  • Compile the results of the pre-bid meeting together with other technical and financial information.
  • Incorporate information into a proposal that will be submitted to the board of Trustees after the pre-bid meeting.
  • Collaborate with trustees to evaluate each consultant’s proposal and sample assessment.
  • Convey the results of the Trustees decision to the contractors after a selection was made and a contract awarded.
  • Manage communication between all relevant parties during completion of the painting project.

8. Stellenbosch CBD Special Ratings Area


Stellenbosch CBD SRA Business Plan download

Stellenbosch CBD SRA Implementation Plan download

Stellenbosch CBD SRA Proposed 5-year Budget download

At JPS Trust you will find dedicated professionals with both integrity and experience, who will manage your investment as if it were their own.

Our focus is on sectional title administration, homeowner association management and commercial and residential letting. We pride ourselves on the efficiency of our systems and our personalised service, but even more so on the quality of our relationships with our clients.

Many have been with us for more than 30 years. Our portfolio, with a capital value of nearly R5,2 billion, speaks for itself.