The Business And Profitability Of Rental Properties — Properties — Nairaland

In the next few paragraphs, we shall be exploring the Nigerian property market with a special focus on rental apartments. I have in the past few days been looking at the business of rental properties as a whole, the merits and demerits. I will also be looking at the profitability of each type of rental apartment especially as it concerns various locations and cities. In the past, I had looked at the business of building blocks of flats and its expected profits, but I decided to expand the horizon and provide my readers with a wider choice should they want to invest in other types of rental apartments.

The property market

The Nigerian property market is still booming, despite the harsh economic environment we found ourselves as a result of the economic slump the world is experiencing, Nigeria is a part of the world and as such we had our fair share of the problems from the world economic meltdown. Our stock market crashed heavily between the years of 2007-2010. Yours faithfully, a stock investor and speculator lost some huge amounts before I pulled out all my funds and went back into the property market before I discovered stock as a business.

Our property market is still booming especially in the single family and multifamily segments. Another section that is experiencing growth is the student hostel apartments. This growth could be attributed to the steady increase in the population of this country, more young men are getting married daily and childbirth statistics are expected to be trending upwards as our people just love children and family values. Even with the increase in building projects going up everywhere, there is still a huge demand not being met by the supply of adequate houses. Good business people should think about investing in the property market as its one of the business you invest in with minimal risk of failure, only that it will take a while before you recoup your investment and start making returns in the form of profits.

By self contain apartments, I mean semi flats of 1 room, 2 rooms, each of them with a separate toilet, bathroom and kitchen. I am talking about those houses where the investor targets the younger renters, the bachelors and spinsters who can pay for such services, here you try to get into their habit and reason the way they reason, there is usually an emphasis for fast lifestyles here, the people in this age group are usually educated and has a wide range of choices. If you arrange with them, they can pay you to install additional features like cable TV, internet access, security, water supply and in some cases, a kitchen to serve them meals. The only difference between the self contain and the student hostel is the size, most students hostels are one room apartments while self contain apartments have more than one room.

Renting student’s hostels

How about you putting some sample figures of how much to invest and how much to realize in a year on the investment and the maintenance cost as well per year. that will make it easier investors to know what they are looking at.

How about you putting some sample figures of how much to invest and how much to realize in a year on the investment and the maintenance cost as well per year. that will make it easier investors to know what they are looking at.