Staying afloat or ahead of the pack in a hopelessly recessed economy can sometimes be likened to Daniel leaving the Lion’s den unscathed. We are in a time where apartments can remain unoccupied for months; a period when landlords should be up on their toes concerning their investment. This article highlights what landlords should know before renting. The times are ...
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Recession: landlords reduce rents, as many FCT apartments remain unoccupied
As a result of the present economic recessing facing the country, some house-owners in the Federal Capital Territory (FCT) have reduced their house rents so that people can afford the houses. NAN reports Many houses in the FCT have remained unoccupied as many people can no longer afford to pay rents due to the harsh economic situation. NAN checks revealed ...
Read More »Why You Must Own a House Before It’s Too Late
If there is an asset you must acquire before you depart this world, that asset is a house, no matter how small it seems. And I’m not talking about a rented apartment. The reasons are not far-fetched. There’s a level of peace that comes with owning a house; a serenity that is unfathomable. Unlike when people buy fancy cars and ...
Read More »“Buhari Will Transform Nigerians From Tenants To Home owners”
The Federal Government has said that its affordable housing schemes will soon transform thousands of Nigerians from being tenants to proud owners of houses and plots of land. This is contained in a statement by Malam Garba Shehu, the Senior Special Assistant on Media and Publicity to President Muhammadu Buhari, in Abuja on Monday. Shehu said the scheme operated through ...
Read More »Tenants Share Their Housing Horror Stories With Hashtag #VentYourRent On Social Media
Tenants pay huge sums for rent and sometimes they don’t get their money’s worth. Many of them have taken to social media under the hashtag #ventyourrent to share their horror stories. Ants flying out of the shower, beds overrun by spiders and bathrooms overrun by mold. For anyone, these problems quickly turn into nightmares. But for renters, it’s even worse ...
Read More »Why You Need A Property Manager For Your Rental Property
If you have just purchased a stellar investment property and have decided to rent it out, do you think you would require the services of a property manager? This article sheds light on the importance of a property manager. One of the primary decisions to make is whether or not to use a real estate agent. Using a property manager ...
Read More »Top 5 Attributes Of A Bad Landlord
Finding a bad landlord isn’t hard at all especially in Lagos. Bad landlords have a reputation that shapes the face of their entire neighbourhood. This article reveals signs that tell your landlord is a bad person. Dealing with a terrible landlord is worse than having a boss you will never be able to please. There are so many bad landlords ...
Read More »Rental growth of commercial property in Nigeria.
According to Wiki, the term commercial property (also called commercial real estate, investment or income property) refers to buildings or land intended to generate a profit, either from capital or rental income. Rental value is a key parameter for measuring real property performance. It is also a major cost for tenants and an important source of income for the landlord. ...
Read More »Economy: High end properties struggle for tenants
The real estate sector is believed to be a sector which responds fast to the tune of any economy. This invariably means that the sector derives success or failure from the state of the economy. This is what inspired the view of Mr. Chude Obosi, the African President of International Real Estate Federation (FIABCI) who expressed that high end properties ...
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