According to statistics, over 75% of Kenyan landlords prefer to self-manage their properties. A big reason being the cost savings made when they take over the operations of their own property. However, this is not without its share of stress. Countless landlords I have spoken to quickly tell me how stressful self-management can be. On inquiring further, many of them lack a system that can help them ease...
Many people have been sold to the idea that real estate is a passive investment. However, once you dip you toes into the world of rental property, you discover how far from passive real estate is. I normally tell my clients that the work starts after construction. This work is called property management and it could make or break your investment. I have seen many beautifully built apartment blocks that...
If you are a landlord, then one of your monthly obligations is paying the Monthly Rental Income (MRI) tax. This is simply a 7.5% cut from your gross residential rent and it applies to individuals and corporate tenants earning yearly rents of about KES 288,000 – KES 15,000,000. For clarity, if you rental units combined bring in a gross of KES 24,000 – KES 1,250,000 monthly, then you are eligible for MRI...
A while back, I was scrolling through Instagram and one video by a Kenyan “investment” coach took me by shock. He was explaining on how to invest in Real estate and mentioned a strategy I had heard before on the internet. It is the BRRRR strategy, which is an acronym for Buy-Rehab-Rent-Refinance-Repeat. If you are a real estate student like me, then you probably have encountered this mouthful of a...
Most landlords and property owners I have spoken to always seem to have some tenants who are causing them sleepless nights. Whether this is due to difficulties in paying rent or engaging in activities that cause disturbance. The truth is that all this could have been prevented if proper screening had been done. Tenant screening refers to the process used by landlords and property managers to evaluate...
I have spoken to many landlords in Nairobi who keep on reiterating one common problem when we meet. The issue normally goes to the tune of, “the rental business isn’t profitable” or “my tenants are always moving out.” Most of these issues and complaints are symptoms of a larger problem called high tenant turnover. In simple words, this is when many tenants move in and out of your property in...
Tatu City has rapidly transformed into one of Kenya’s most important mixed-use developments and economic hubs. Located along the Northern Bypass and close to the Eastern Bypass and Thika Superhighway, the city combines residential, commercial, industrial, educational, and recreational spaces within a master-planned environment. When the project first launched, many Kenyans were skeptical about whether...
Nairobi is the center of business activities in the country, more so, its town center which is named as the Central Business District (CBD). Research states that Nairobi CBD is home to over 21,000 small and medium enterprises (SMEs). When you include companies, banks, government institutions and the informal sector, you see why CBD is a major commercial hub. All these businesses and sectors employ...
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