Showing posts with label Prepared. Show all posts
Showing posts with label Prepared. Show all posts

Saturday, September 26, 2009

Keeping At It - Colosseum

We are having a rough time find tenants for the Colosseum. Our biggest hurdle seems to be that Landlords have let their units out for R2500 and the tenants have got this as their bench mark.

Two new developments have been completed in the area and this over supply is also putting pressure on the rentals. We are aware of the frustration of not having a tenant and the financial stress that it causes.

Monday, August 31, 2009

Trouble in the CBD

The Stress at Colosseum continues….

We were using the services of Cephas Iredia to assist us with getting tenants for Colosseum. It turned out to be more trouble than it was worth.
We have disassociated ourselves with him; we have found that he has been putting tenant into units in his own capacity with out telling the landlords (on other occasions collecting money into a Standard Bank account in the name of LT Dude). We have discussed the problem with the agent from City Bridge and have formally disassociated ourselves with him. We will do all that we can to see that if there are any units with a problem, they are rectified.
As there are a number of letting agents finding tenants for landlords it is had to know what units have been let and what units should still be vacant, we would like to request that you please check and see that there is no one staying in your unit.
City Bridge is no longer giving Keys out to letting agents; the landlords are to be required to sign. This is to help eliminate the problem of unauthorized having access to the unit.