The GDED and Indlu Living are transforming lives by helping landowners unlock the earning potential of their propertiesIndlu Living partners with township landowners to develop rental accommodation on their properties and then manages the rental thereof. Picture: GDEDto help township landowners unlock the earning potential of their properties by building residential property rental businesses.
Landowners can expect to make anything between R10,000 and R30,000 per month out of an Indlu Living building once it's paid offFor instance, the building that landowner Mavis Shakoane is developing in conjunction with Indlu Living on her property in Kaalfontein, outside Midrand, will eventually bring in about R15,000 a month. This could be about five times the average of what she is used to earning as a domestic worker.
“Every single property in the township is an investment property. People rent out accommodation ranging from shacks to very nice multistorey apartment blocks,” he says. “However, there's a big mismatch of supply and demand in the market.” “If someone is outside the mainstream and is unable to gain access to long-term finance from banks for property, you [Indlu Living] have provided a solution for a ready market. One can have a registered property and income that can be tracked and can stand as collateral [to secure finance] for other avenues and for different improvements outside their property,” she says.
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Turning backyard rentals into a major township marketSPONSORED | The GDED and Indlu Living are transforming lives by helping landowners unlock the earning potential of their properties
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