Everything You Need to Know About Bitprop - from Training to FAQs
Bitprop Go-To Guide
Essential Videos, covering everything from logging a maintenance ticket to tips on living in the flats.
Parking
All about parking on a Bitprop property - where finding common ground is just as important as finding a spot!
Where Bitprop operates
Do you live in one of these areas and would you like to join the Bitprop family? Great! Apply today
Flat Tour
Here's a quick look at a Bitprop flat, and if you're interested in moving into one of our flats, sign up for our Tenant Waiting List
Tips - Avoiding mould
Mould Prevention 101: because green walls aren't trendy anymore
Bitprop Maintenance Explained
Welcome to Bitprop Maintenance 101: because watching paint dry is just too thrilling
How Citiq Works
Dive deeper into the innovative infrastructure of Bitprop flats, where each unit has its own electricity and water, courtesy of Citiq
How Bitprop works
Where finding common ground is just as important as finding a spot!
Bitprop Payments 101
Payments, payments and more payments!
Logging a Maintenance Ticket
Need to report an issue? Follow these simple steps for logging maintenance tickets hassle-free
Training Theory Guide
This course provides everything you need to know about Bitprop as a new homeowner. It covers Bitprop's protocols and offers tips and lessons to help you become a well-rounded landlord even after the partnership.
Welcome to our training programme for Bitprop homeowners. This guide will help you learn about managing your property, solve tenant problems, and become a confident landlord. Our goal is to make sure you understand your responsibilities and can make good decisions as you start your journey as a landlord.
This week, we're talking about being a landlord. Being a landlord means you have more responsibilities. We'll explain these tasks and give you tips on how to do them well. Whether you're new or experienced as a landlord, Bitprop is here to help you every step of the way.
We'd like to take you through Bitprop 101 - here's a breakdown of our mission, vision, and policies that we'd like you to know. We'll also introduce you to the team members you will work with the most. Finally, we'll show you all the tech we use and suggest you use too.
One of Bitprop's core goals is to empower homeowners to achieve financial independence and build wealth. We will cover topics such as budgeting, and investing, all aimed at equipping you with the tools necessary to manage your finances confidently.
Consider times you’ve visited a restaurant where the waiter was rude - chances are, you wouldn’t want to return. The same principle applies to your tenants - how you treat them while they’re in your property will determine whether they choose to stay in their flat or look for a new one.
Here - we will breakdown what tenants are and aren't allowed to do while they are in your backyard and also explain how to handle a tenant moving in or out etc. Stick around to see how to best the most challenging, yet rewarding part of being a Bitprop landlord.
Maintenance and utilities can be major stress points when you become a landlord. To alleviate this burden, our partnership is structured to cover maintenance costs that are not the tenant's responsibility. Let’s dive into the details of how this works and what you can expect.
What services does Bitprop offer to its customers?
We work with homeowners to invest in their properties. Our architects design 2-bedroom, 4 or 6 units that meet city standards. We team up with local builders and our construction manager ensures everything is built well. Our rental team helps homeowners find tenants and guides homeowners to become landlords. Our maintenance manager quickly handles any repairs. This way, we provide full support as homeowners become successful landlords.
What is the rental split?
For 10 years, 85% of the rent goes to Bitprop to cover construction, maintenance, and insurance costs, while homeowners get 15%. We take care of all rental management to make owning the property easy and stress-free. After the 10-year partnership, 100% of the rental is yours!
Are there any fees associated with using Bitprop's services?
We don’t charge homeowners any fees for building, designing, or managing rentals. Instead, we recover our investment by taking 85% of the rental income over a 10-year partnership.
What are the requirements for a property to have flats built on my property?
To partner with us, we first check if your property is in our areas: iLitha Park, iKwezi Park, Bongweni, Eersterivier, Blue Downs, and Langa. We also check the zoning and see if there is enough space to build. Lastly, you need to prove that you own the property and live there.
Does Bitprop take my title deed or take ownership of my property during the partnership?
No, Bitprop will not own your property at any time during the partnership. We also do not take your title deed. Instead, we have a legal process called an endorsement that shows our partnership on your title deed. This process is done by lawyers and takes about 3 months to finish.
Are Bitprop's services available in areas outside of Cape Town?
Right now, our services are only available in the Cape Town area. But we plan to expand to other regions in South Africa and possibly beyond in the future.
What is the maximum number of backyard rental flats does Bitprop build?
Bitprop has tried different numbers of units, but the maximum is 6 because it is the most manageable for a landlord. The amount of space in your backyard and municipal standards decide how many units we can build.
Does Bitprop only develop backyard flats or can we build on an empty plot?
Bitprop only builds backyard flats behind existing houses. This is because the property needs to have registered water and electricity. Also, the owner must live on the property because the partnership only works if the tenants and the landlord live on the same plot.
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