₦airaland Forum

shinaola21:
🌺

You can Marry the lady instead of bringing the topic here op

Wenonawde:
Bro you no get work at all ? Are you that jobless ? What is your business with her ? Do you know how her relationship ended? If she is looking for male friend to make her happy again I believe that should be none of business.

But as you are jobless you can take that as work too to continue criticizing her.

Ojumakaka:
You can edit your post well to match human written next time not copying and pasting what chatgpt wrote for you here disguising as intelligent writer

QuinQ:
Exactly. And you see the effect everywhere. You'd see a maid constantly almost killed by madam and you'd be wondering why her husband doesn’t rescue the poor girl. Or you'd see a man's children being extremely maltreated by their stepmother (his wife) and you'd be wondering why he couldn't do anything. Answer : once they have power over you or you fear them, it's almost irreversible. Hence you see Macron being slapped by his wife or Obiano being scolded like a child by his wife and they couldn't say kpim!

Omalicious1:
Why not make the rent monthly instead of yearly? And also all fingers aren't equal, so a landlord should consider building a house for low income earners and also for high income earners....one of the challenges of many Nigerians is that they want to live extravagantly even when they can't afford it, hence mounting pressure on people to foot their lifestyle bill

Ojumakaka:
ChatGPT handwork


Not enough original content
Please take a moment to write a quality post with at least 40 characters.
This will make the forum more interesting for everyone.

Nefort:
The building also appreciates when renovated.

Eniitankorede:
It depends on where the land is located.

Citizen10:
Is it not a good thing that people build houses to provide shelter for others? Or have you forgotten so soon your elementary science that humans need three basic things to survive - food, clothing and shelter? Must everything be about profit? If you can build house and provide shelter for people to stay in, please do. All we are asking for is a roof over our heads please. It should not be seen as a profit making venture. Rather as a chance to advance the course of humanity......

MasterTeeUSA:
I have been wondering if I should start a Youtube Channel on Building to Rent. During Covid-19, I went into the same thing we do in the West...Buy and Renovate. It cost less and the ROI is greater than 10%. Then I put systems in place. Fastforward almost 5yrs, I am still bold to say that I have 100% rent payment and manage them from outside of Nigeria...and no, they are not in Lekki or Abuja, all in Ibadan with over 30+ tenants. I am always shocked when I hear tenants are staying for 1yr without paying. Commercial Buildings also come with its own expense and obligation...Event Centers need security and huge capital investment. Shops that give good ROI must be in sort after areas which can be way pricey than N25m you quoted.

I may have to start sharing some of my systems and advising people. If you plan the end from the beginning, you will be doing what highly effective people do. It is not about pouring money into thing...People first, then Money, then Things -- Suze Orman.

Dogalmighty17:
Looking at building a house just from the perspective of rent is rather myopic. Yes tenants may turn out to be problematic. While taking nothing away from building for commercial purposes, a house is a house whether for tenant purposes or commercial.

Instead of keeping the money in the bank, money expended in property is money that doesn't depreciate. The land the property sits on keeps increasing in value and possibly even the building itself.

If velocity of money is what you are looking at then a commercial property may be more ideal.

openMind0:
That is the cause of the dilapidating houses in Nigeria. The landlords don't bother to fix the house, since they know the talents are unwilling to pay the premium rent rate.

BlocksNG:
Coming from a former tenant. Live and let live.

CoronaVirusPro:
The most unprofitable business is building a house for profit.

Water spending 300m, you will have to wait for years to get to profit while maintenance keeps going on.

At 15 years, the house itself is already depreciating and only the land it sits on is appreciating, that’s even when you build in the right location.

Just sit that 300m in a money market account and start reaping profit instantly.

I don’t know who sold false narratives to people that building a house for rent purposes is profitable.

Let’s be real.
In today’s Nigeria, residential rental property is becoming more headache than hustle.

Here’s the harsh truth 👇🏽


🔴 1. Tenants Now Have More Legal Power Than You

Once they move in, it can take 6 to 18 months( some tenancy laws) to evict them legally — even if they haven’t paid rent in a year.

And guess what?
They know it. They’ll stall, delay, and drag you to court while living rent-free.


🔴 2. Economic Hardship = Chronic Rent Defaulters

With 63% of Nigerians unemployed or underemployed, most tenants:

Delay rent

Make endless excuses

Blame you for everything while contributing nothing

You become a landlord begging for your own money.

🔴 3. They Wreck the Place

From leaking pipes to broken tiles, bad wiring, dirty soakaways — the maintenance costs are crazy.
And some tenants treat your house like it’s free government property.

🔴 4. Entitlement is Wild

"Landlord, come paint."
"Fix generator."
"Borehole don spoil."
All from someone who hasn’t paid in 10 months.

Where dem learn this boldness?

🔴 5. Meanwhile, Commercial Property is Silent Gold

Smart landlords are building:

Shops for POS and banks 💳

Clinics and lounges 🏥

Pharmacies and tech hubs 💼

Event spaces and short-let apartments 🏠

These tenants:

✅ Pay more
✅ Sign long-term leases
✅ Fix their own stuff
✅ Don’t disturb your life

🔴 6. ROI Comparison

₦25M for a flat = ₦700k yearly rent = 35 years ROI

₦25M for 5 shops = ₦2.5M–₦3M yearly = 8–10 years ROI


You do the math. 😮‍💨

🔴 7. Future Thinking Landlords Are Doing This:

✅ Building shop plazas, not flats
✅ Renting to businesses, not broke tenants
✅ Investing in co-working spaces, clinics, short-lets
✅ Keeping stress levels LOW

📌 Bottom line: The real estate game has changed.

👉🏽 Landlords building residential blocks in 2024 are playing an old game.

The money is in commercial use.
The peace of mind is in commercial use.
And your sanity? Also there. 😌

FitCorper:
You again!!! 🤦🏽, well not everyone cheats inclusive both male and female. You lots need to reprogram your mind. For the record, in committed long term relationships males cheat more than females.

EDGEof2MORO:
since you made that first post, how much money have you earned? if you like continue what you are doing. hopefully you will find your dream wife to share bills with you.

EDGEof2MORO:
just work hard and make money, not coming to nairaland to complain that your wife is not sharing bills with you. you hear?

EDGEof2MORO:
i'm suspecting this is domperignon's second account. the calamities have started to befall him and now he is frustrated because his wife does not want to share bill.

FitCorper:
My brother go get a life, you spend and waste too much time crying about the female folks, if that’s you on ur profile¿ why don’t you transfer that same discipline into making money. All this male feminist wey u de form online doesn’t make you better than the man who would chose to marry a single mom. At the end of the day, we all go spend forever for grave. Live and let live.

EDGEof2MORO:
so wanting to share bill with your wife is frustrating you? god forbid the men of this generation. a lot of you are weak and lazy

meobizy:
Hackneyed topic.

J2ff:
Very valid and much needed topic. Ladies you better listen and borrow yourselves sense

Maobichek:
Please prepare and prepare yourself again because you hardly keep to all your plans on savings once you are married.

You will give you wife 20k for soup and she will still text you: " baby please buy this and that, i want to use it for the soup."

To a very committed husband, it's not a child's play but there is pride and sense of fulfilment when you provide for your family.

Fiscus105:
Is ur father sharing responsibilities with your mother?

Meanwhile, if ur dad and mum are partners, why did all ur brothers and sisters bear the name of ur father alone?

Exousiang01:
This is only obtainable outside.
Nigerian wives want to have a say in everything like the wives in the west, but when it comes to contributing they want to be traditional African wives.

Imagine a wife who doesn't have a job wanting to be consulted on the type of car her husband drives.

She wants to take the decision on where they spend summer.

Some people think those of us who have refused to get married even after having kids are fools.

My friend wan change the car wer him children dey use for school runs, him wife dey quarrel am say him no be the car wer she pick for edmund e order.