How it works
The Landlord’s Friend
Different Property will sign a long-term (10+ years) lease over your property in terms of which we will pay you a fixed monthly net rental. The amount of rental will be guaranteed- regardless of vacancies, maintenance costs, rates increases, etc. – and will increase each year at the inflation rate (CPI).
Through the lease, Different Property will become the landlord to the tenants who actually stay there. This means that we will take on all the administration related to finding and managing tenants and managing the property, including letting the unit, collecting rent, handling repairs and maintenance, paying rates, levies and accounts, etc.
Better than Traditional Management Agents
So why not just buy the property and leave it in the hands of an agent? After all, rental agents are there to make the landlord’s life easier. For a small percentage of the monthly rental they will act as your representative, collecting rental and attending to issues as they arise. Where possible they will also source tenants.
That sounds good, as far as it goes, but does it really make sense to pay a sizeable percentage of your rental for a partial solution? Property managers do take away a large part of the routine administration, but the responsibility and the financial risk are still the landlord’s. If there is a vacancy or a squatting tenant they will forgo the small percentage of their commission, but then the landlord loses out on the whole rental and must still make the bond repayment out of pocket. And if expensive maintenance work needs to be carried out, the agent may facilitate the process but it’s always the landlord who foots the bill.
Different Property is the only property solution that comprehensively address the buy-to-let investors needs. By guaranteeing a rental income irrespective of costs, maintenance or vacancies, and by handling all administration and management of all aspects of the property, Different Property gives buy-to-let investors the risk-free passive income that they always dreamed of.
Enjoy Pure Passive Income
Many buy-to-let investors were drawn to the property market by the attraction of generating a passive income-using the ability to leverage provided by their day-job to start building an income producing portfolio. Unfortunately, a do-it-yourself buy-to-let investor soon realises that they have become a business owner and picked up a second job with terrible hours, on 24 hour call and dealing with difficult tenants.
Managing your own property means dealing with repairs, admin and tenants as well as body corporates, municipalities and Eskom. You also need to become a legal expert! With Different Property, owning an investment property no longer needs to be the stressful, time consuming, admin intensive-hard work it has become notorious for. Passive income is a reality and Different Property provides landlords all the positives of investment property that they initially signed up for (stable income, inflation protection, gear-ability and capital growth), while removing all the headache.
No More Exposure to RISK
Buy-To-Let property is purchased by many as a long term “investment” and as an investment, it is supposed to return a stable income. In reality, a buy-to-let property does not usually work out that way!
Delinquent (or non-existent) tenants, volatile maintenance costs, increasing levies and rates and a myriad of costly legal pitfalls.
Different Property allows you to choose management periods ranging from 10 to 20 years. As a property owner you gain complete certainty, knowing exactly how much income your investment will generate, guaranteed to increase each year at an inflation beating rate. At the end of the the period the Different lease will expire and all rights in the property revert to you, and the option is available to extend the agreement, or to realise a decade or two’s capital growth by selling the property.
If done correctly generating a stable, guaranteed and inflation beating return on your property can be a pain free process and Different Property is here to make the decision to invest in property investment as simple as possible.