What is Airbnb? By now, I am sure a majority of you readers are familiar with the term Airbnb. For those who might be green on this, it is a platform that enables owners to rent out their properties to short-stay visitors. The concept behind it is quite simple. And it allows landlords to make an extra coin from parts of their property that would otherwise be vacant. The platform, which began in 2008,...
House hunting in Nairobi can be quite a hustle. In a city with millions of people and not so many developments coming up compared to this growing number, the demand for houses is becoming crazy. Finding something that is within budget, is comfortable, and comes with the right amenities is quite hard. And let’s not get started on the many conmen waiting to prey on innocent tenants. The housing market in...
What is Airbnb? Airbnb is a platform where property owners choose to rent out part of their houses, like a DSQ. You can also choose to rent out the entire property on a short-term basis. It is majorly used by travelers who don’t want to stay in a hotel and would rather have a ‘home-like’ experience. It also helps property owners make money from parts of their house that are...
In today’s economy, where the pace of business is a bit slower, most people find themselves at the point of seeking debt. Whether it is a personal loan or for your business, you can bear me witness that borrowing in Kenya is becoming costly. From the complex loan application process to the high interest rates. The system appears to intentionally frustrate you, the borrower. The truth is that with the...
Land buying and selling forms a key part of Kenya’s real estate market. And a very important one for that matter. Consider this: without land, you cannot build, and if you cannot build, you cannot sell or rent out your property. That is why I think it is important for you to understand land and how it is transacted. Sadly, there has been a shortfall in information regarding land, and the few people...
What is a land sale agreement? A land sale agreement is a contract between a seller and an interested buyer that outlines the terms and conditions of sale. Land buying is a process, and anything can happen along the way. To ensure that the rights of both buyer and seller are protected, a sale agreement is important. It protects the seller by making sure they are not wasting their time, as only...
Recently, someone came to us looking for a piece of land to buy around Nairobi. They wanted somewhere they could develop some apartments but did not want to spend huge amounts of cash on land alone. In Nairobi, developers end up spending us much as 60% of their project investment on land alone. So for us the task was simple, get land in a fast growing pocket near Nairobi with a huge potential for future...
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