In this week’s podcast episode we talk to Malepeli Malataliana, a Candidate Quantity Surveyor (QS). She was born and raised in Lesotho and moved to South Africa in 2012 to study at the University of Pretoria.
She is also an MBA graduate and has a financial literacy interest and an interest in getting people to become financial adults.
She explains that a quantity surveyor is a construction accountant, they tell you how much the construction is going to cost, how much you’re going to make per year from the project, they are also the link between the developer and the contractor and they are the contract manager.
A quantity surveyor manages the contract and makes sure that the contract is understood by both the contractor and the developer.
We’ve had a QS on the show before but this episode is completely different to that episode. Malepeli answered the following questions for us:
- How did you decide to study Quantity Surveying?
- What is a quantity surveyor and what does a Quantity Surveyor do?
- Why should ordinary real estate investors have building projects for small projects?
- How do you negotiate and navigate building projects when you have a friendship with the contractor?
- What is a JBCC (Joint Building Contract)?
- Is there a difference between a resident or commercial quantity surveyor?
- Can beginner investors team up with a QS to help them build their tribe in the industry?
- Are Quantity Surveyors taught how to mediate and negotiate for the clients at school or on the job?
This is another eye-opening episode and we recommend you grab a pen and paper so you can make notes as you listen.
Click play on the audio below to listen to this week's episode.
Episode 115: Unconventional Real Estate
Episode 114: Creative ways to fund property developments without bank funding
Bonus Episode: Raising over R2.6 million in the stokvel and changing our name
Episode 112: Growing a construction company by 400% in 10 years
Episode 111: Investing in property straight out of college & owning a 9 unit property at the age of 28
Bonus Episode: Raising R268,974/US$17,935 in 7 days to invest in property
Episode 110: Buying 3 positive cash flowing multi-lets during a pandemic
Episode 109: The magic is in your mess
Episode 108: From rural Limpopo to building a multi million rand property portfolio
Episode 107: How to build a property portfolio that replaces your income in less than 5 years
Episode 106: How to make 2 to 3 times your rental income as an AirBnB Hostpreneur
Episode 105: How to own 6 properties in less than 12 months
New Year Episode: Setting property investment intentions and understanding your investor archetype
Episode 104: The Low Money or No Money Down strategy of Property Investing
Episode 103: How to go from a negative cash flowing property to raising R9 million (US$571,000) for a property development
Bonus Episode: Making 15% Return on Investment in 3 - 6 months
Episode 102: How to make money from sourcing real estate deals
Episode 101: How to raise R331,000/ US$21,000 in 5 weeks in a property stokvel/fund
Episode 100: Celebrating 100 episodes and using creativity to build a profitable property business
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