Real estate is the most preferred investment vehicle in Kenya today and it is for a good reason. While investment companies are slowly selling to Kenyans the idea of paper wealth in the form of stocks, T-Bills and Bonds, Kenyan’s still want property. And this makes a lot of sense, the tangible nature of property makes an owner feel a sense of security. Moreover, you have much more control over your asset...
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...
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...
The rental business can be a rewarding way of making passive income if well executed. With the growing rate of urbanization, housing will only continue to be in demand. Moreover, Kenya has got a huge population of youth with over 75% of the country being below the age of 35. The cost of land and construction has only gone up, meaning fewer and fewer people are capable of owning homes. This presents a great...
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,...
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...
Nairobi’s population is seeing a sharp growth. This growth is primarily due to the abundance of job opportunities, robust infrastructure, and convenient accessibility. This has made many people urbanize, and with that comes a sharp demand in housing. Over time, this increased demand has led to price increases that have priced out many people from buying land within Nairobi. Moreover, the...
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