FUTURESTATE PTY LTD, currently trading as Future Estate was established in 2016 with the sole purpose of driving real estate investments, sales, and advisory services and offering efficient and value-added property management services.
The company is now a multi-faceted property practice passionately led by 4 partners with experienced support staff. The services provided include Commercial - Residential Sales & Management, Retail Leasing, Facilities Management and Developments. Other professional services include Property Valuation and Urban Market studies.
In the long term, the plan is to structure a high-yielding investment property portfolio with the aim of creating a Property Fund with lucrative returns.
VISION
A leading Property Investment and Management company in South Africa
MISSION
To be a highly profitable organisation generating good returns by providing an exceptional and innovative service in;
Property Portfolio Management Property Valuation Development Projects
STRATEGY
To seek, capitalise and deliver innovative solutions for the client and property investor. To seek and acquire high income generating Fixed Commercial assets. To explore and revitalise low-income underdeveloped properties. To execute honest and high-standard property valuations.
SOCIAL RESPONSIBILITY
As a black-owned organisation, we commit ourselves to provide holistic solutions that will address social and economic problems like unemployment, skills shortage and a high illiteracy rate in South Africa.
Maintenance, Letting & Sales
KEY PERFORMANCE AREAS
Mahube Valley, Mamelodi – 15 Properties (Sectional Title and Full Title)
Savanna City Houses, Vereeniging – 20 Properties (Sectional Title)
Fleurhof Flats, Roodepoort, Johannesburg - 150 Units
ESTATE AGENCY (Residential and Commercial Sales)
RETAIL LEASING & VALUATIONS
PROPERTY MANAGEMENT
FACILITIES MANAGEMENT (Administration & Management)
INVESTMENTS & DEVELOPMENTS (Asset growth & financing)
MAINTENANCE
Building inspections and proposal for maintenance costs. General maintenance through contractors. Engagement or discharge of cleaners and / or caretakers. Reading and billing of electrical / water sub meters.
ADMINISTRATION
Advertising of vacant premises Credit checks, reference confirmation and screening of tenants. Preparation of lease agreements Collection of deposits and ancillary costs. Monthly rental collection & statements. Reviewing and renewal of leases. Property inspections. Tenant Deposit trust.
PROPERTY MANAGEMENT
We provide a holistic service from marketing of vacant space, advertising, contract administration, rent collection and continuous care & maintenance. Our brother company Glory Group Engineering & Construction, NHBRC, and CIDB registered is responsible for all the maintenance and construction work.
Below is a breakdown of the services offered:-
Legal action on defaulting tenants on behalf of the client. On-site security at premises. Insurance broking. Sectional Title Body Corporate Management Residential Property Management. Sales of commercial and Industrial properties.
FINANCIAL MANAGEMENT
Florida Town houses, Dolphin Cove, Roodepoort - 5 Units
Monthly rentals and recoveries. Apportionment of Municipal charges and recoveries thereof. Credit control measures. Rent roll and statements. Income and Expenditure accounts. Electronic payment to client’s bank account. VAT returns. Payment of client accounts. Payment of wages / salaries / levies Monthly report on status of property (optional)
FINANCIAL MANAGEMENT
Tenant Introduction Contract & Registration (once off) Property Management fee Accounting, Tax & V A T Credit check (once off) Deeds search (once off) Market survey report Property valuation fee Financial Feasibility study Demographic study Property Management 5% of 1st 2 - 3 years of lease 10% of 1st month rental 8 - 10% of Gross rental/month R600/month or size of the portfolio R600 R600 R450/hr Depends on work scope SACPV Tariff plus R450/hr R550/hr Depend on the work scope R550/hr Depends on work scope Residential 5% of 1st 2–3 years of lease 15% of 1st month rental 9 - 12% of Gross rental/month R900/month or size of the portfolio R600 R600 R450/hr Depends on work scope SACPV Tariff plus R450/hr R550/hr Depends on the work scope R550/depends on work scope Commercial
Value Added Services:
SCHEDULE OF FEES
DATA MANAGEMENT
Electronic access to all financial information. Advice on market trends, rental and economic indicators. Revival software for property management, accounting and reporting.
OPERATIONAL STRUCTURE & ORGANOGRAM
Member of the National Association of Managing Agents (NAMA) Member of the Estate Agents and Affairs Board (EAAB) Member of the Institute of Estate Agents Profession (IEASA) Member of South African Council of Property Valuers Profession (SACPVP) Member of the South African Institute of Valuers (SAIV) Member of NAFCOC Construction. Member of South African Institute of Black Property Practitioners (SAIBPP) REGISTRATION & ACCREDITATION VALUATIONS, MODELING & FEASIBILITY STUDIES PROPERTY SALES, MANAGEMENT & RETAIL LEASING MARKETING & DEMOGRAPHICS FACILITIES MANAGEMENT CONSTRUCTION & DEVELOPMENTS DIVERSIFIED GROUP
PROPERTY SALES & MANAGEMENT PROFESSIONAL SERVICES INVESTMENTS & DEVELOPMENTS
FUTURE ESTATE
The operating team in Future Estate consists of 4 partners: Commercial / Residential property Consultant Administrator , (Development both Residential and Commercial)
Commercial property sales and administration Retail leasing and Brokerage Finance structuring Retail development and Tenant administration Property valuations Property Sales and Administration Marketing and Listings Client Liaisons Residential sales administrator Marketing and Listings Maintenance supervisor and daily operations Construction projects manager Account keeping and administration Rent roll management Financial administration
CAPACITY
Our company is fully registered with the Estate Agency Affairs Board. All trust accounts are opened in terms of section 32(1) of the Estate Agency Affairs Act, 112/1976 Rainy Hill, Randburg Rand President, Randburg
