emmanuelewumi:



Per month.

Lazyyouth4u:


Ah then I will choose that option any day at retirement

Lazyyouth4u:


If you consider the fees and other charges of the estate managers (plus some wey go gba you of some money and even your properties), you may just be better off keeping that money in Tbills

Lazyyouth4u:


Ah then I will choose that option any day at retirement

emmanuelewumi:



5% to 10% is not too much to avoid unnecessary stress, also deal with reputable names and brands in the sector

Lazyyouth4u:


Great. But the estate manager won’t pay the rent of a problem tenant that has refused to pay rent. The estate agent will not take the tenants to court and pay all the legal fees on your behalf, the estate agent will not pay you rent for the house in those years when they cannot find tenants. The estate agent will not use his money to cover the cost of major repairs and even annual maintenance of the property. The estate agent will also not buy the house from you or ensure you get a fair price when you decide to sell the house.

Their own na just to use their best efforts to find tenants and help you to collect rent and manage the tenants. Na owner of house still get all the remaining wahala involved

emmanuelewumi:



I prefer tenants, that the husbands and wives have a steady source of income. If the husband is the sole source of income, it can't fly. E get why

Lazyyouth4u:


Hmm. Very interesting. What if the sole breadwinner dey work for Shell or World Bank? Will that make you change your mind?

emmanuelewumi:
Food for thoughts

Lazyyouth4u:


I somehow missed this post.

If I use all my earnings to buy assets that produce cash flows to meet my liabilities, then I will be screwed when for some reason, the assets can’t generate cash flows. Plus the stress involved wey go cause wear and tear on my body and soul

I will rather split my earnings into two parts. One part for liabilities and another part for investments and assets.

That means anything in the liabilities spending account must be spent on all my monthly/annual liabilities and enjoyment of life without fear and stress while the money in the investment account will be there generating funds for retirement, emergencies and any serious future projects/investments

I can’t come and kill myself

emmanuelewumi:



That is my own opinion.


Both of them must have a source of income. If your wife is a full time housewife, you can't be my tenant.

Different strokes for different folks

NL1960:


Who will you choose from this:

(a) Dangote's daughter that is a full time housewife.

(b) A wife that works and earns 40k a month.

emmanuelewumi:




Dangote's daughters are not full time house wive, they earn huge passive income. Their husbands can't be the sole provider.

Even Jim Ovia's wife is not a full time house wife, she has real estate scattered everywhere earnings hundreds of millions of not billions of Naira every year. I learnt she is the landlady of Civic Center Victoria Island Lagos.

If you truly love your wife, you won't want her to be totally dependent on you.

NL1960:


I hope you know that full time housewife does not mean that the woman does not earn income or earn passive income?. The mistake you are making which many people make is that once they say full time housewife, it means the woman does not earn anything and is fully dependent on the husband.

On the bold, so Jim Ovia's wife does all these from her house without going out on a daily basis, will you not say she is a full time housewife?.

SteveOfu:
This is Extremely false.

emmanuelewumi:



That is my own opinion.


Both of them must have a source of income. If your wife is a full time housewife, you can't be my tenant.

Different strokes for different folks

emmanuelewumi:


Big firms have legal departments that will handle that.

They carry out due diligences of the tenants, I have one that went to the extent of getting the phone number of his boss. They don't give out houses to traders, businessmen, contractors and other people with a source of income that is not steady.

I prefer tenants, that the husbands and wives have a steady source of income. If the husband is the sole source of income, it can't fly. E get why

Hamachi:
Can you expatiate on the bolded?

emmanuelewumi:
Most landlords will tell you that most of the problematic tenants are those whose wives are full time housewives. They gossip, don't mind their business, jealous of others women in the house who make their own money.

The husband will give them money to pay for Utilities, they will spend it, give her money to pay the children school fees, she will use it to sow seeds in her pastor's life or invest in MMM or MBA forex, she will owe money in the community and the husband will be expected to come and settle the debt.

The financial responsibility of her own family ie sibblings and parents will also be solely on the husband. Can you see why it requires grace for such a man to be financially balanced and not die before his time.

ojesymsym:
This is so funny.

I still struggle to understand why someone will take up a space in the University and then finally opt to stay at home doing nothing.

This is different from those who genuinely seek for jobs but the high unemployment rates doesn't allow them.

Some husbands do not help matters, I listened to a life program on the radio one day and a woman called to say she had not worked for 16 years because her husband prevented her from working. Funny thing is, she was a UK trained medical doctor. She said her father had also refused to speak with her in those 16 years because of that, yet the husband non gree am work.

emmanuelewumi:



Some African men will not allow their wives to work.

When my brother-in-law asked my sister with Masters degree to stop working. I told him my sister would stop working immediately he transferred her salary for 20 years into her account.

If he wanted to pay in installments, I will keep the fund for her until it was fully paid

Funny enough he told my sister to drop out of the Master's degree program when they were dating eventhough he was not the one paying the school fees, because her maiden was on her first degree and will also be on her second degree. Can you see mentality.

8 years after the guy has not been able to transfer her salary for a year into her account.


The female doctor who decided to be a house wife for 16 years because of her husband, do you know if the husband paid her N100 million to stay at home and she has invested part of the fund, thereby making her personal money

ojesymsym:
I do not know if she was paid, but she was clearly not happy from her narration on radio that day. She said she had even threatened the man that she would kill herself but the man simply refused to bulge.

But some non wan work at all sha.

emmanuelewumi:



Some African men will not allow their wives to work.

Lazyyouth4u:


I think it’s a matter of choice. Believe it or not, there are some women (and even men) that accept to be stay at home spouses provided the other spouse is in an employment that pays very well.

These decisions are not made to ridicule anyone but for the good of their kids. Imagine a home where husband and wife are career oriented professionals working long hours including constant travel. The kids suffer. Many kids that are raised by nannies don’t turn out well. Something has to give.

I’m not saying I agree or disagree o. But I understand where these people are coming from and respect those that jointly agree on this arrangement when the kids are very young. Many go back to work when the kids become self sufficient.

maishai:
For a man like me with total valuation of less than 20million, how do i go about investment properties and estate managers(Agents)......................... I can swear by IFA that many estate managers within my picks are as wicked as Tenants................... The Good ones charge exhorbitant fees, when then would one recoup his investment...................

emmanuelewumi:
I have a neighbour he is a top manager in one of the biggest security companies in Lagos. The Edo man did not allow his wife to work for 10 years, it took the intervention of his pastor and father-in-law before he allowed the woman to start working about 4 years ago.

The woman was lucky to get a good job with one of the FG parastals in Lagos.

The man has been on 40% salary since May 2020 because of Covid 19 and also paying corporative society loans at his place of work. So the man had little or nothing at the end of the month.

Thank God the man is a landlord and not paying rent, imagine what his landlord would have been subjected to

It was the wife who now settled the children's school fees outstanding debts and now paying the school fees of the 3 children