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...
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