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 79: Growing a property investment to own two residential blocks of flats
Episode 78: How to grow your property portfolio using multiple investment strategies
Bonus Episode: Why families have the same money patterns
Episode 77: Building a boutique hotel chain on the African continent
Bonus Episode: Real Estate investing trends on the African continent
Episode 76: Looking at the Spatial Planning and Land Use Management Act
Episode 75: How to buy 13 properties in one year without putting any money down
Episode 74: How to invest in property in different countries as you travel the world
Episode 73: Diversifying risk by investing in property in the Stock Exchange, South Africa & China
Episode 72: Why you need a Structural Civil Engineer in your real estate tribe
Episode 71: How to create different cash cycles as a property developer
Episode 70: How to grow your real estate portfolio using Airbnb in South Africa
Episode 69: The A to Z on buying properties at auction
Episode 68: Interior Architecture & how Covid is changing building trends
Episode 67: Using shipping container homes to solve the housing crisis and build a property portfolio
Episode 66: The New Year 2021 Episode - Taking a holistic approach to real estate investing
Episode 65: The Christmas 2020 Episode
Episode 64: How to get funding for commercial property in South Africa
Episode 63: How to profit from multi-let properties that cost less than R1 million (US$65,772)
Episode 62: The importance of a town planner and zoning in real estate investing
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