WeconnectU News

While most of South Africa is reeling, the property management space is growing as demand is not going to stop soon. This is largely due to significant increases in sectional title and HOA communities. Our community living sector is now the second biggest in the world (outside of the USA). As it stands, residential properties make up 89% of all registered properties in South Africa and are responsible for 71% of the total value of the national property market (a whopping R5.96 trillion as of June 2021).

At WeconnectU, we solve real property management challenges with simple, elegant, and effective software solutions. To make sure we’re still focussing our energy in the right places, we conducted an industry survey in November 2022 which compiled insights from over 700 business owners and users. The results showed that the biggest challenges, today, are the same ones that inspired us to start WeconnectU. Let’s take a look at what those are and why they remain so widespread.

The start of a new year is always a great time for goal setting. At WeconnectU, our goal for the year is to ENGAGE. We’re rolling this theme out in our own operations, but also using it as a guide to help you, our clients, achieve even greater success in 2023. Let’s take a look at how you can join us in embracing the ENGAGE mindset (with our help and solutions, of course), and the rewards you can expect to reap along the way.

The end of the year is inevitably chaotic, with countless distractions for hardworking property management business owners. ‍That can make it difficult to step away long enough to work on your business instead of in your business.‍ But remember: strategy is just as vital to your business’ success as its daily operations. ‍Best practices suggest reviewing your business model and value proposition annually – and this is the perfect time of year to get that process started!‍ Not sure where to begin? We’ve got you covered. Try these 7 steps to guide your thinking and set your business up for its most successful year yet.

When people talk about WeconnectU, they usually talk about our software. We’re extremely proud of our solutions, but we like to think the role we play is about more than just technology. To us, what we do is about partnership. About collaboration. About shaping the future of property management in a way that makes things tangibly better for everyone involved.‍ Here are 4 of the ways we go about getting this right.

As we hurtle towards the end of yet another year, we wanted to take a brief moment to look back with gratitude and share our focus for 2023.‍ Before we dive in, however, we’d like to express our deepest appreciation for the role you’ve played in helping WeconnectU get to where it is today.‍ Without you– and the rest of our incredible, loyal and collaborative client base – we could never have achieved the successes we have so far.‍ It’s because of you that our vision for a more compliant, scalable, manageable and profitable industry has become a reality.

With WeconnectU, there are no more messy spreadsheets, no more inspection clipboards, no missing photos, no cryptic tenant incident reports, no miscommunications, and no time wasted. Inspections and maintenance are no longer standalone tasks, isolated from the wider management experience.

Planning for the year ahead is an increasingly important task for property management business owners and senior management. Without a firm plan of action in place, it’s only too easy to fall into the same old patterns and achieve the same old results. No change means no growth, no improvement, and no hope of staying ahead of the competitive curve.

2021 has brought about quite a number of challenges, but it has also created opportunities. The Sectional Title and HOA industry is growing, but it is critical that managing agents adapt from being a basic secretarial service to professional asset management service with insights into accounting, legal and key business indicators.

Property is one of the oldest and most successful long-term asset classes. It’s also estimated to be responsible for as much as 10% to 20% of South Africa’s GDP, and was the single largest contributor to the GDP in Q1 2021.