According to recent data from KNBS, about 70% of Kenyan landlords choose to self-manage their rental units. To many landlords, it is a way of reducing costs while remaining in control of their investment. However, when your rental portfolio exceeds self-management, you will definitely need some help to undertake the operations. This is where a property management company comes in. But not just any...
The Kenyan Dream for most people definitely involves owning some apartments and getting paid rent every month. The security and predictability of rents as an income stream beats many investments hands down. However, while many people fantasize about this, very few talk about the problems that come up during operationalizing of the property. The myth out here is that rental properties are a “set-it and...
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...
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