Whether you have a tenant who wants to talk on the phone, meet in person or only texts, it all boils down to one truth: the landlord business is a relationship business. Building and maintaining a professional yet personable rapport with your tenants is key to developing a lasting business relationship. Building and maintaining a professional yet personable rapport with your tenants is key to developing a lasting business relationship. Here are five tips forensuring your interactions with tenants are positive: Start off on the right foot Fromday one, you want to work on developing a positive yet professional relationship with your tenants. That means making them feel welcome and comfortable at the property, and providing them with all the information they need to start their tenancy off right. That includes contact numbers, details on your expectations, important dates and locations of the nearest grocery stores, schools, bus stops, etc. Document everything This helps with your budgeting but also helps keeps track of your tenants’ payments and requests. Be sure to keep archives of all your communications and receipts. It will also help when a tenant has a question orfollows up about a charge. Communicate early and often about repairs…

Buying a new home is tough, and sometimes sellers don’t make it easy as they will do anything to make their property more appealing to potential buyers. Unfortunately, it’s left up to the buyer to search out those red flags before the ink dries. “Let the buyer beware” might be an overused expression, but it’s a perfect cautionary phrase to keep top of mind when you’re buying a new home. Here are seven red flags you should look for when looking to buy a new home. #1. Avoid listings with fewer photos when buying a new home. Would you be hesitant about dating someone who avoided showing you how they looked before meeting them? We would too. The same alarms firing off that tell you this is a red flag can be applied to the process of buying a new home. You should be immediately suspicious of the listing’s lack of photos because they’re likely hiding something. The house could need substantial work, renovations or repairs you don’t want to be stuck fixing. If you’re brave enough to do a walkthrough, just remember not to freak out as you pull up to what could be a disaster. #2. Watch out…

Land Buying Process: Besides land being the most rewarding asset to acquire, you need to know that it comes with the highest risk factors to be avoided. Buying land as an individual can be a very risky affair. A buyer can easily fall into the hands of predators ready to feast on your hard-earned cash using empty promises. Always be ready to learn from those experienced in the business. So if you want to buy land, the first thing you will do after identifying that piece of land is getting a copy of the title deed from the owner, to conduct a search at the land’s registry. The search results will show all details of the land including, location, size, the real owner and any cautions, if any, placed on the land. Once one is satisfied, the buyer through his lawyer will draw anofferletter with details of both the seller and the buyer and the piece of land. From here, negotiations take over until a price is agreed up. After the negotiation, the buyer obtains twomaps(one drawn to scale and another with an overview of the land showing adjacent lands) from the Ministry of Lands, or a surveyor. The buyer,…

The State has sealed a legal loophole that risked blocking investors from phased development of high-rise buildings on parcels of land where some complete units had been sold and titles transferred to owners. A newly published policy by the Lands and Physical Planning ministry will see the Sectional Properties Act 2020 amended to allow for a phased and mixed development of properties. “Increasinglythere is a need by developers to develop their pieces of land in phases. If the land is under one title it presents a problem under Sectional Properties Act since the head title cannot be surrendered until the entire land has been developed,” the policy says. “There is, therefore, need to ensure that the land can be subdivided into phases to allow for separate head titles to be surrendered and thus allow for the application of Sectional Properties Act.” Under the current law, once a title is committed to sectional properties, the original owner ceases to enjoy any reversionary rights which, after registration of sectional units, are enjoyed by the individual unit owners. “In areas of mixed-use development, there is need for a mechanism of maintaining minimum economically viable parcel sizes concurrently with the ability to grant individual…

Falling apartment prices in Kilimani and Kileleshwa weighed down the Nairobi property market into negative price growth in the 12 months to June, dampening hopes of a recovery in the sector hit hard by the Covid pandemic. A survey by realtors HassConsult found that on average, houses in Nairobi recorded a 1.7 percent price drop in the period, with oversupply causing apartment prices to fall especially in the upper middle class localities. Affordability is also an issue due to the massive job losses and pay cuts experienced by many Kenyans in the past 15 months. Business performance has also been negatively affected by the pandemic, thus robbing developers many would be buyers who are instead looking to conserve cash due to the uncertain times. “The property market is experiencing static sales price performance driven by the oversupplied apartment market in Kilimani and Kileleshwa, down 9.5 percent and 6.9 percent respectively in the last year,” said HassConsult. Apartments on average recorded a 5.8 percent drop in price during the period, far ahead of detached houses whose prices dropped by 1.7 percent, and semi-detached units whose prices went up by 0.7 percent on average. While prices remained in the red, rents continued…

Real estate prices are really soaring at an unprecedented level today, but this doesn’t mean that you need to end up priced out of the housing market. If anything, once you get on the housing ladder, you will have an asset that promises to continue increasing its value exponentially. One way to make it easier for explanation is to think of how casino bonuses work. They are great incentives. You pick one, and while the wagering requirements can sometimes be a little much, you will be happy with the winnings afterwards. That is precisely how the real estate market works. It may be a little difficult to get in it at first, but once you do, you should be fairly safe with real estate prices staying steady for years to come. It’s as Tony Sloterman, product owner at Casino Bonuses Finder, says – getting the right house deal is like getting the right bonus deal. You need to do your due diligence, and if you do, you will be happy with the results, which will help you set yourself on a path to economic stability. How to Get into Real Estate – Upscale The first thing to know is that…

Creating wealth is an art and craft that requires research and learning to find the most profitable avenues. The higher the returns, the higher the risks. Therefore, it is important that one fully understands the investment options and thus make informed decisions. Some of the investment vehicles available in the market include bank fixed deposit, stocks, government bonds and real estate, among others. In this article we delve into investing in real estate, outlining what an investor should know before committing their capital. To begin with, buying and owning real estate is an investment that can be both satisfying and lucrative. It is generally capital intensive and illiquid, hence the need to be well informed before committing funds. To begin with, there are three common ways through which one can invest in real estate among them:rental properties–an investor could prefer to build or buy property, and rent it out thus earn a rental income. The amount one can collect from rental property is dependent on the type of property, its location, proximity to amenities and availability of facilities among others. Rental property offers the investor the benefit of a regular income, often monthly subject to having a tenant, and the…