Frequently Asked Questions
Q. What does ’already tenanted: earn immediate income on registration’ mean?
A. This means you are buying a property that already has a tenant living in it. Once the property is registered in your name (after your bond has been registered and transfer has taken place), you will start receiving rental income right away. There is no waiting for a tenant to be found and vetted for you.
Q. What is rental management?
A. Rental management by IGrow Rentals includes:
- Tenant vetting and credit checks
- Drawing up lease agreements
- Conducting regular property inspections
- Rent collection and payment to you
- Handling routine maintenance and call-outs from tenants
- Reporting on income and expenses for your tax returns
- Settling disputes and sorting out evictions
-Arranging tenant insurance
Q. What is projected rental income?
A. This is how much rent you can expect to earn on your investment property. The amount will vary depending on the unit you choose. For example, ground floor apartments will typically command a higher rent than a 2nd floor apartment. Rental income variations within a development usually reflect unit size, convenience of access, and special features like private use gardens or a great view.
Q. What are bond and transfer fees?
A.Bond fees are the cost of registering your bond with your bank or financial services provider. Transfer duty is a tax paid on the transfer of a property to a new owner. IGrow usually waives bond and transfer fees to make your investment more affordable for you, saving tens of thousands of Rands.
Q. What does Gross ROI mean?
A.This is the Return on Investment you make before any deductions each month. It is usually expressed as a percentage. ROI is calculated like this: 
Q. What is a monthly contribution?
A.This is what you have to pay in after your investment expenses until you reach break-even point. Simply put: 
Q. What is rental assist?
A. This is a cash amount paid directly to you in monthly installments over a set period. No deductions are taken off this amount, and it is paid to you along with your rental income each month. It is intended to help reduce your monthly shortfalls in the first years of your investment.
A. This is a cash amount paid directly to you in monthly installments over a set period. No deductions are taken off this amount, and it is paid to you along with your rental income each month. It is intended to help reduce your monthly shortfalls in the first years of your investment.
A. This is what you have to pay in after your investment expenses until you reach break-even point.
Simply put:
A. This is the Return on Investment you make before any deductions each month. It is usually expressed as a percentage. ROI is calculated like this:
A. Bond fees are the cost of registering your bond with your bank or financial services provider. Transfer duty is a tax paid on the transfer of a property to a new owner. IGrow usually waives bond and transfer fees to make your investment more affordable for you, saving tens of thousands of Rands.
A. This is how much rent you can expect to earn on your investment property. The amount will vary depending on the unit you choose. For example, ground floor apartments will typically command a higher rent than a 2nd floor apartment. Rental income variations within a development usually reflect unit size, convenience of access, and special features like private use gardens or a great view.
A. Rental management by IGrow Rentals includes:
- Tenant vetting and credit checks
- Drawing up lease agreements
- Conducting regular property inspections
- Rent collection and payment to you
- Handling routine maintenance and call-outs from tenants
- Reporting on income and expenses for your tax returns
- Settling disputes and sorting out evictions
- Arranging tenant insurance
A. This means you are buying a property that already has a tenant living in it. Once the property is registered in your name (after your bond has been registered and transfer has taken place), you will start receiving rental income right away. There is no waiting for a tenant to be found and vetted for you.
A. Bond fees are the cost of registering your bond with your bank or financial services provider. Transfer duty is a tax paid on the transfer of a property to a new owner. IGrow usually waives bond and transfer fees to make your investment more affordable for you, saving tens of thousands of Rands.
A. This is a cash amount paid directly to you in monthly installments over a set period. No deductions are taken off this amount, and it is paid to you along with your rental income each month. It is intended to help reduce your monthly shortfalls in the first years of your investment.
A. This is how much rent you can expect to earn on your investment property. The amount will vary depending on the unit you choose. For example, ground floor apartments will typically command a higher rent than a 2nd floor apartment. Rental income variations within a development usually reflect unit size, convenience of access, and special features like private use gardens or a great view.
A. Rental management by IGrow Rentals includes:
- Tenant vetting and credit checks
- Drawing up lease agreements
- Conducting regular property inspections
- Rent collection and payment to you
- Handling routine maintenance and call-outs from tenants
- Reporting on income and expenses for your tax returns
- Settling disputes and sorting out evictions
- Arranging tenant insurance
A. This means you are buying a property that already has a tenant living in it. Once the property is registered in your name (after your bond has been registered and transfer has taken place), you will start receiving rental income right away. There is no waiting for a tenant to be found and vetted for you.