Report on the Deterioration of San Packett Residential Property
To: Dr Pheladi, Chairperson of Body Corporate
From: [Caretaker's Name], Caretaker, San Packett Residential Property
Date: 1 June 2025
Subject: Investigation into the Deterioration of San Packett Residential Property
1. Introduction
This report investigates the factors contributing to the significant deterioration of San
Packett Residential Property since Madikoe Holdings assumed management in
2022. The property, previously generating R5.5 million annually, has experienced a
50% revenue drop over the past three years, coinciding with a marked decline in the
building's condition. This decline manifests in dilapidated apartments, malfunctioning
lifts, and the absence of security personnel. The investigation aims to identify the
root causes of this deterioration and propose recommendations for remediation.
2. Findings
The onsite inspection revealed several critical issues contributing to the
property's decline. Firstly, a lack of routine maintenance is evident. Deferred
maintenance on essential systems, such as the lifts and building
infrastructure, has led to significant damage and increased repair costs.
Secondly, the absence of security personnel has resulted in increased
vandalism and theft, accelerating the deterioration of the apartments and
common areas.
Thirdly, the 50% revenue drop suggests a potential mismanagement of funds
allocated for maintenance and repairs. This could be due to insufficient
budgeting, misappropriation of funds, or a lack of transparency in financial
reporting by Madikoe Holdings.
Finally, a lack of communication between Madikoe Holdings and the Body
Corporate may have hindered proactive problem-solving and timely
interventions. The absence of regular inspections and reporting further
exacerbated the situation.
To: Dr Pheladi, Chairperson of Body Corporate
From: [Caretaker's Name], Caretaker, San Packett Residential Property
Date: 1 June 2025
Subject: Investigation into the Deterioration of San Packett Residential Property
1. Introduction
This report investigates the factors contributing to the significant deterioration of San
Packett Residential Property since Madikoe Holdings assumed management in
2022. The property, previously generating R5.5 million annually, has experienced a
50% revenue drop over the past three years, coinciding with a marked decline in the
building's condition. This decline manifests in dilapidated apartments, malfunctioning
lifts, and the absence of security personnel. The investigation aims to identify the
root causes of this deterioration and propose recommendations for remediation.
2. Findings
The onsite inspection revealed several critical issues contributing to the
property's decline. Firstly, a lack of routine maintenance is evident. Deferred
maintenance on essential systems, such as the lifts and building
infrastructure, has led to significant damage and increased repair costs.
Secondly, the absence of security personnel has resulted in increased
vandalism and theft, accelerating the deterioration of the apartments and
common areas.
Thirdly, the 50% revenue drop suggests a potential mismanagement of funds
allocated for maintenance and repairs. This could be due to insufficient
budgeting, misappropriation of funds, or a lack of transparency in financial
reporting by Madikoe Holdings.
Finally, a lack of communication between Madikoe Holdings and the Body
Corporate may have hindered proactive problem-solving and timely
interventions. The absence of regular inspections and reporting further
exacerbated the situation.
