WatchProp – deals exclusively with the Sectional Title market
Market research has shown that most schemes are well managed with the responsibility of most matters resting with trustees. A well run Body Corporate / Home Owners Association will have obvious benefits for all owners, the most important of which is the enhancement of the value of the Sectional Title unit / Home Owners Association property. We believe that there is a general lack of knowledge in the sectional title industry and our slogan “Breathing Life into Sectional Title” underlines our approach, by empowering owners and trustees with the knowledge required in assisting with the establishment of sound and functional scheme management.
As a member of NAMA (National Association of Managing Agents) we are committed to a strict code of conduct. NAMA guides the operations and good governance of managing agents. We are registered with the Estate Agents Affairs Board as legally required with Fidelity Fund certification. Although this is not a statutory requirement, WatchProp has Professional Indemnity Insurance cover, which provides our clients with additional peace of mind.
Although there are in excess of 60,000 Sectional Title Schemes in South Africa, comprising of more than 850 000 owners, WatchProp is one of the very few companies dealing exclusively to the needs of the Sectional Title market.
A high premium is placed on the correct intensive management and administration of our property portfolio and this is reflected in our track record of delivering tried and tested property management solutions to sectional title schemes and home owners associations.
Effective financial management and reporting is a non-negotiable component of the management service and our standard service includes compiling and circulating detailed monthly management reports; including trial balance with performance to budget, levy rolls and credit control reports. Our financial services include the preparation of annual budgets and the preparation of an annual audit file at year end to promote a time efficient and cost effective audit.
Maintenance matters are dealt with pro-actively by assisting trustees in the compiling of maintenance plans and to assist in the practical implementation and finalisation of maintenance aspects. Monthly levy and utility payments are made easy for owners as our infrastructure provides for multiple payment channels including debit orders and internet banking and direct bank deposits.