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How To Start And Run A Shortlet Apartment Business In Lagos, Nigeria - Business - Nairaland

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How To Start And Run A Shortlet Apartment Business In Lagos, Nigeria by Lagosfinder(m): 4:59pm On Aug 28

Short Let Apartment is a Unique Business Model that Connects Property Owners in Different Locations to Individual, Groups and Corporate Firms that Needs a Home for a Short Stay Rather Than Lodging in Hotels.

The Short Letting Business is an Exclusive Niche in Nigeria and Has Come To Stay and For A Number of Very Good Reasons Especially a Source of Consistent Income.

Now, let us delve into the benefits of owning a short let home in Nigeria.

Leverage: Short Letting Business offers the Home Owner Control on Taxation and Bank Loans. Investors or Home Owner Could Use the Acquired Property as Collateral to Get Loan for Other Business or Investments. While Still Generating Funds and Also the Inflow and Outflow of the Business Could Be Use to Obtain Bank Loans.
Value Appreciation: Short Let Apartment Rental Generates Capital For Other Businesses Within a Short Period of Time.
High-Income Potential :Short Let Apartments Tends to Accommodate Guests Regularly Since Many Individuals and Families Travel for Leisure or Business and They Prefer to Stay in am Apartment/s that Gives Them the Privacy Over a Cramped Hotel Room.

Flexibility of Tenancy: The Short Let Apartment Owner Reserves the Right to Dictate the Duration of Stay for Each Occupant, Thereby Controlling Income and Tenancy.

Property Value Growth: An Increase in the Property Over Time Due to Changing Demands in the Area; Even if the Property Does not Undergo Any Changes, The Value May Rise Significantly Over a Few Years.

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