Your Community Schemes funding partner
Are you an owner of a sectional title or community scheme with growing debt due to non-paying owners? Or, are you a property managing agent wanting to add value to the body corporates you work with – in a way that makes your job easier to do?
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Your Community Schemes funding partner
Are you an owner of a sectional title or community scheme with growing debt due to non-paying owners? Or, are you a property managing agent wanting to add value to the body corporates you work with – in a way that makes your job easier to do?
Stratafin is your first choice in community scheme financial solutions
We’ll help your body corporate or Homeowner’s association consolidate and collect overdue levies from non-paying owners, allowing your scheme to flourish and grow in value.
We take the risk and hassle of recovering levy debt off your hands by giving you an upfront settlement amount for your debtor’s book.
Want to improve the financial situation of your community scheme while saving time, money, and hassle?
Competitive, personalised financial solutions to help keep your community scheme on track
If your community scheme is in debt due to non-paying owners, the traditional solution is to take out a loan linked to your debtor’s book. The problem with this is that you’ll then have to pay it back at a high-interest rate until those debtors are recovered, which could take an unlimited time. You could try to recover the debt via the legal system, but this is costly and time-consuming.
At Stratafin, we offer a bouquet of tried and tested financial solutions that allow your community scheme to recover financially without getting into even more debt. Take a look at a few of our solutions below.
Debt Purchase Solutions
Fixed Term Loans
Hybrid Solution
Consulting Services
Why use us?
Going through the legal process to recover debt for a community scheme is an expensive process. Attorney costs alone can be anything from R60k to R120k to collect the money on a single housing unit. Because we have economies of scale from working with hundreds of legal matters at any one time, you get the benefit of a higher payment for your overdue levies due to our reduced legal fees. Added to this is the fact that you can’t charge all the legal fees to that non-paying owner, which means you’re liable for the legal fees yourself. By us buying your debt from you, you avoid paying these legal fees altogether.
Going the legal route involving the court system takes time and effort, especially if you’re not familiar with the legal procedures involved. Save yourself the hassle by letting us take on your debt, for which we’ll pay you a competitive price.
Because we’re able to work through the court and legal system quickly to recover the debt we buy from you, this time saving allows us to offer you a competitive price for your debt, with no effort or added costs from your side.
If you’re trying to recover overdue levies from an owner in your community scheme, you’re taking the risk that you won’t be successfully able to prove the raising and charging of levies in court. With Stratafin buying your debtor’s book, we take on this risk, meaning if we don’t collect on the money, that’s our loss – not yours.
Because we help you remove your non-paying owners and increase your paying owners, your community scheme functions better, and the value of your property increases. Why? Because when a body corporate doesn’t function correctly, there are less funds for building maintenance and services – from gardens to security to painting – which ultimately leads to the property value decreasing.
Why use us?
Going through the legal process to recover debt for a community scheme is an expensive process. Attorney costs alone can be anything from R60k to R120k to collect the money on a single housing unit. Because we have economies of scale from working with hundreds of legal matters at any one time, you get the benefit of a higher payment for your overdue levies due to our reduced legal fees. Added to this is the fact that you can’t charge all the legal fees to that non-paying owner, which means you’re liable for the legal fees yourself. By us buying your debt from you, you avoid paying these legal fees altogether.
Going the legal route involving the court system takes time and effort, especially if you’re not familiar with the legal procedures involved. Save yourself the hassle by letting us take on your debt, for which we’ll pay you a competitive price.
Because we’re able to work through the court and legal system quickly to recover the debt we buy from you, this time saving allows us to offer you a competitive price for your debt, with no effort or added costs from your side.
If you’re trying to recover overdue levies from an owner in your community scheme, you’re taking the risk that you won’t be successfully able to prove the raising and charging of levies in court. With Stratafin buying your debtor’s book, we take on this risk, meaning if we don’t collect on the money, that’s our loss – not yours.
Because we help you remove your non-paying owners and increase your paying owners, your community scheme functions better, and the value of your property increases. Why? Because when a body corporate doesn’t function correctly, there are less funds for building maintenance and services – from gardens to security to painting – which ultimately leads to the property value decreasing.
Sectional Title Budgeting for the non-financially minded Trustee
Budgeting can be daunting in the best of circumstances. For the South African homeowner and Trustee in a Sectional Title Scheme, there may be some
Non-payment of levies in a Community Scheme and how it affects the owners
The non-payment of levies by owners within a Sectional Title Scheme creates a burden on the Body Corporate or Homeowners Association’s paying members to maintain
Stratafin News
Stratafin News
Sectional Title Budgeting for the non-financially minded Trustee
Budgeting can be daunting in the best of circumstances. For the South African homeowner and Trustee in a Sectional Title Scheme, there may be some
Non-payment of levies in a Community Scheme and how it affects the owners
The non-payment of levies by owners within a Sectional Title Scheme creates a burden on the Body Corporate or Homeowners Association’s paying members to maintain
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