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...
From many stories that we have heard and read, it is clear that many Kenyans are losing millions to land scams. With the popularity of land as an investment choice, many people are sacrificing a lot to own that piece. And I understand them completely. Land as an asset can give you crazy returns if done right. Moreover, it provides security to your money against economic reversals such as banking...
Owning a home is the dream of most Kenyans, if not all. There is a spot that renting does not seem to hit in the hearts of many. A thirst that is only quenched with homeownership. I am even 100% sure that you who are reading this article are thinking of the same. Having that space to raise your kids, retire to, and even chill on the weekends. All without the strain and worry of making monthly rent...
I am fairly certain that you have heard the phrase "50 by 100." The term is so common that most people think it means a plot of land. I grew up hearing the phrase on radios and the popular “buroti maguta,” but that is for another day. Today let us get to know what the 50 by 100 actually means and dive into the history and facts about it. Why do 50 -by-100 lots exist? In easy English, 50 by 100s are...
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