Real estate is by far one of the most reliable and profitable investments in the world. In fact, it is one of the first investments that people who intend to build generational wealth consider. However, the real estate industry has witnessed its own fair share of transformation, and property owners all over the world are beginning to recognize that the real estate industry holds more unique opportunities that are yet to be tapped.

The emergence of the short-let business has provided a new investment opportunity for property owners to tap into. Over the past years, the hospitality industry has witnessed many Nigerian landlords pave their way into this unique investment plan that allows them to let their apartments out to guests that might need them for short or long stays at a specific cost.

For many Nigerian landlords, the short-let business provides revenue for stable and substantial income. However, business experts believe that this business has not yet attained its highest level of success potential as some Nigerian landlords still don’t believe that it is a worthy investment.

Below are some of the reasons why the short-let business might be the smartest investment for landlords in 2022.

1) Stable source of substantial income: As a landlord, the short-let business holds a very high potential of helping you build wealth. Without flattery, there is no limit to the amount of money that your short-let property can fetch you in Nigeria. This is one of the most reliable ways for landlords to make a stable and direct income. However, it is important to note that just like many other businesses, the profit rate of this business might vary depending on the time and season of the year. But irrespective of this, it is still a profitable and worthy investment. While marketing and promoting your short-let apartments to the right audience can be difficult, companies like Spaceet Technologies connect landlords (hosts) directly to their guests (users), saving you from the hassle of coming up with a good marketing strategy.

(2) Flexible tenancy: Every landlord understands how difficult it can be to maintain a peaceful landlord-tenant relationship, especially in highly populated regions. As a landlord that operates a short-let property, you hold the ultimate control over the duration of every guest’s stay. This is one of the most unique advantages that short-let apartments offer to landlords.

(3) Property gratification: With short-let apartments, it is more possible to experience property gratification as location demand increases during certain seasons and times of the year. Owning short-let apartments in strategic areas can relatively increase the value of your property and help you to generate higher income over time.

(4) Source of revenue for other investments: With the right marketing strategy, your short-let property can bring you enough income to indulge in more profitable investment plans. There is a long list of business owners and regular people that are in need of short-let apartments for their travel or relaxation purposes. This means that you can let your short-let apartment out to thousands of people in the space of one year and record a very impressive record of income. It is very logical to say that a short-let apartment can generate more income for you than your typical rental property.

(5) Leverage in business or personal finance: Operating a short-let apartment does not put any limitation on your ability as a property owner to use it as a form of leverage on taxes and loans. With proper documentation in place, you can always use your short-as-a collateral to secure a loan for your business or personal use.

Transitioning into the short-let business as a landlord can be overwhelming but Spaceet is here to give you a seamless transition. For more details about the services we provide, kindly visit www.spaceet.com