Accumin started life in 1998 as Body Corporate Administrators CC, and sectional title management is still at the heart of what we do. Today we act as managing agent for more than 80 residential and commercial sectional title schemes, most of them in Glenwood and the neighbouring suburbs, with others from Amanzimtoti up to Ballito.
What sets us apart is who keeps your books. Every scheme’s finances are overseen by our Chartered Accountants, so trustees get clear monthly figures, budgets that hold up, and financial statements that are ready for audit.
We are big enough to have the systems and experience, and small enough that trustees deal with people they know by name.
Everything a body corporate needs to run smoothly and stay compliant with the Sectional Titles Schemes Management Act.
We bill levies every month, allocate payments and follow up arrears promptly…
Owners receive clear monthly statements. Where accounts fall behind we send reminders and, with the trustees’ approval, take the matter further, including referrals for legal collection. Trustees see the arrears position in every report.
We operate a separate, independent bank account for each body corporate…
This gives closer control of the body corporate’s cash and keeps your money separate from every other scheme’s. Electronic banking keeps costs down, and a bank statement straight from online banking can be provided whenever trustees need one.
We prepare the annual budget, keep the books and report to trustees…
The Act requires an administrative fund for day-to-day costs and a separate reserve fund for future maintenance, with minimum reserve contributions. We build the budget and levy schedule around both, report against budget during the year, and prepare the records for the annual audit of the financial statements.
We attend to the requirements of the Sectional Titles Schemes Management Act, including registers, minutes and books…
We coordinate the annual general meeting and any special general meetings, send the notices, attend, record the minutes and give advice where appropriate. We attend trustee meetings on request.
With our insurance broker, we review the scheme’s cover every year…
We submit proposals where cover needs to change and process insurance claims so the body corporate recovers what it is entitled to.
Over the years we have built up a network of reputable plumbers, electricians and general contractors…
We make these contractors available to our schemes and, when major work comes up, coordinate the calling for and awarding of tenders. We also help trustees keep the scheme’s maintenance, repair and replacement plan up to date, so the reserve fund is built for the work that is coming.
With the trustees, we agree an investment policy for surplus and reserve funds…
Within those guidelines we invest excess funds for growth and security, with the emphasis always on security.
We keep track of the scheme’s legal obligations so trustees don’t have to…
That includes the requirements of the Sectional Titles Schemes Management Act and its regulations, the levy payable to the Community Schemes Ombud Service (CSOS), annual meetings, audited financial statements and keeping the scheme’s registers in order.
Changing managing agents should be a relief, not a project. Here is what happens.
Tell us about the scheme and what isn’t working. We meet the trustees and give you a written quote based on the number of units.
Your current contract sets the notice period. The trustees pass a resolution to appoint Accumin and notify the outgoing agent in writing.
We request the scheme’s records from the outgoing agent: bank statements, the levy roll and arrears list, owner details, registers, minutes, insurance policies, contracts and the maintenance plan.
Our Chartered Accountants reconcile the opening balances, so you start with figures you can trust and any gaps are found early.
Owners receive their first Accumin levy statements, and trustees get regular reports and one contact person who knows their scheme.
Accumin have done a great job in carrying out the administration for Kauai and assisting the trustees in the successful running of the body corporate. Knowing the day-to-day management is in good hands and that the required legal aspects for the body corporate are being met has given the trustees peace of mind.
Accumin is always available to the trustees and owners, they are always happy to assist with any issue or query. Particularly in so far as the collection of levies is concerned, they are very efficient and over the past 4 years we have had no financial difficulties in this area at all. I can recommend Accumin to any sectional title complex looking for the services of a reliable managing agent.
Accumin have been a hands-on team when it comes to performance and expert advice for the past 12 years. They are a friendly, supportive team always willing to go the extra mile. We look forward to another 12 years and longer of outstanding services rendered.
A managing agent runs the day-to-day administration on behalf of the trustees: billing and collecting levies, paying suppliers, keeping the books and registers, preparing budgets and financial statements, arranging meetings and minutes, handling insurance and claims, and coordinating maintenance. The trustees stay in charge of decisions; we make sure they have accurate information and that the scheme meets its legal duties.
Yes. Managing agents of sectional title schemes are property practitioners and must hold a valid Fidelity Fund Certificate (FFC) from the Property Practitioners Regulatory Authority (PPRA). Accumin’s FFC number is 202403011000247.
Our fee is based mainly on the number of units in the scheme, with separate charges for work outside normal day-to-day management, such as special projects or extra meetings. We give you a written quote before anything is agreed. Use the quote form below or call 031 261 8260.
Yes. We run our body corporate administration on WeConnectU, which lets trustees and owners see their scheme’s figures online.
Yes. Most of our 80+ schemes are residential, and we also manage a number of commercial properties.
Not if it is planned. Your current contract sets the notice period, the trustees pass a resolution, and the outgoing agent must hand over the scheme’s records and funds. We manage that handover with the outgoing agent so you don’t have to chase paperwork. See how switching works above.
We are based at 44 Lena Ahrens Road in Bulwer, Durban. Most of the schemes we manage are in Glenwood and the neighbouring suburbs, and we also look after schemes up the North Coast as far as Ballito, in Amanzimtoti and even one in Johannesburg.
Body corporate quote
For trustees and owners
Our fees are based mainly on the number of units in your scheme, so a few details help us quote accurately. Everything you send is kept confidential.
