NewStats: 3,264,693 , 8,184,425 topics. Date: Thursday, 12 June 2025 at 05:00 AM 4l4w3o

Very insightful


I'm here to share my business story. I observed that real educative threads have practically vanished here on Nairaland. And trust me I have been here for several years

These days its all about Social media gossip, politics, insecurity, bla bla bla.

So I have decided to share my practical story and hope to make it educative and interactive.



I have been actively involved in Transportation business for a while and quite a number of people know me here on Nairaland.

However I decided to take a dive into the real estate sector.

Sincerely real estate is one of the most profitable businesses in Nigeria and the reason is simple. You provide a basic need.

People must live in a house irrespective of social status, tribe or religion.

Every human being sleeps in a house on a daily basis.

Its plain and simple.

However the industry is very big and as an investor you choose what aspect of real estate business you wish tp dabble into.

After series of researc I decided to venture into the short let rental business.

Basically provide fully furnished apartments for short let.

Let the journey begin.............[/quote]

Hope all is well?

mrsage:


I will reach out to you soon.

Okay we are at your service.

JDistribute:

Okay we are at your service.

I will surely reach out whenever I need your service.


At the moment business has been good.

Our monthly occupancy figures are very impressive and the apartment is fully booked till next month.

For potential investors this is the time to enter into the short let market.

Get your facts right, select a good location and play by the rules.

The sky will be your starting point.

First all, I want to appreciate Op, you’re doing an incredibly amazing job

tobby98:
First all, I want to appreciate Op, you’re doing an incredibly amazing job

You welcome

Mods kindly push this thread to front page.

Good morning

Hope all is well?

So we have discussed several topics , tips and ideas.

This is September and as we all know we are approaching the festive season.

This is good news for those of us in the short let business in Nigeria.

We usually experience higher patronage this period.

Some short let operators increase prices this period.


There's a concept called "smart pricing".


Basically its all about pricing based on the demand at the time. Pricing based on market condition

So at a time when demand is high you increase prices then when demand is low, you reduce prices.

As a short let operator you are free to adjust prices. Do not stick to a particular price like "glue"

Time to think outside the box

Lets think ideas today.

Do you know that your short let apartment does not necessarily have to be in a house.

Yes, you could get creative.


You could convert an old truck or bus into a room and offer it as accommodation for guests. It's possible.

You could make use of a standard and decent porta cabin. A container like structure.

You could convert an airplane to an apartment. Yes an air plane.

You can convert a school to an apartment.

There are so many options, however you need to play by some basic rules, have a good strategy and understand your target market

Thinking outside the box

Other spaces you could convert to an apartment



Shops
That abandoned shop in front of the house can be converted into an apartment.

The rise of online shopping has led to many old physical shops becoming abandoned. Turning one of these abandoned shops into a home could be an option. Conversion costs for these buildings can be quite low – many of them already have the necessary structure and utilities in place. Just be careful about the location.



Warehouses

Another conversion idea could be to take an old warehouse and turn it into a home. Small warehouses can be relatively cheap to buy while containing a lot of space to convert. Those with more money to invest could consider buying a large warehouse and possibly even turning it into an apartment block.

Boats

Houseboats have been seeing an increase in popularity in recent years.

They’re often cheaper than condos and you can use them to explore waterways or moor them up in central locations where you wouldn’t otherwise be able to afford property.

Instead of buying an existing houseboat, another option could be to convert an old disused boat into a home. This could stay permanently moored in one location

Hamachi:
Keep it coming.

great

abdullahitjc:
great

You welcome

Harmony Apartments Yaba.


Coming soon.

Kudos my friend. The sky is d limit

oneness11111:
Kudos my friend. The sky is d limit

Thank you.

Quick tip for anyone buying electronics for a short let apartment.

Always go for energy saving products.

Your tv, fan, fridge, bulbs, Ac should be energy efficient so you spend less on electricity. You can also use smaller sized generators if your electrical appliances are energy saving.


Also if you have solar powered back up, just go for energy saving appliances so you can make use of less power and save installation costs.

The devil is in the details.

In my first apartment I had a tv with 75 watts. 32 inches. Then standing fan 55 watts.

Tv plus fan combined use up 130 watts.


Then I discovered an energy saving tv with 12 watts and fan 10 watts.
Total combined 22 watts. Brand new with 1 year warranty.


Lesson:

Carefully study the power rating of any appliance before you buy and install in your apartment.

The more power they consume, the more money you spend.

See you later

Harmony short let apartment in Akoka, Yaba.

Now open for business.

mrsage:


Harmony short let apartment in Akoka, Yaba.

Now open for business.

How much per month and what are the amenities

WhiteAngels001:

How much per month and what are the amenities

Single room self con with an open plan kitchen design

24/7 electricity via Nepa, Generator and solar back up

Card access to main door

Fully furnished

Work space corner

Air conditioning

Dstv

Fully functional kitchen with refrigerator, microwave, gad cooker etc

And many more

For enquiries kindly reach out via the number in my signature

mrsage:


Single room self con with an open plan kitchen design

24/7 electricity via Nepa, Generator and solar back up

Card access to main door

Fully furnished

Work space corner

Air conditioning

Dstv

Fully functional kitchen with refrigerator, microwave, gad cooker etc

And many more

For enquiries kindly reach out via the number in my signature

Please sir can you kindly save me the stress of having to message you privately. I just want to have an idea of the pricing so I can compare with the ones I've been seeing

WhiteAngels001:

Please sir can you kindly save me the stress of having to message you privately. I just want to have an idea of the pricing so I can compare with the ones I've been seeing

At the moment

N12,000 daily

N300,000 per month.

Note:

Its already booked till end of November.

Kindly get in touch for further information.

Thanks

mrsage:


Single room self con with an open plan kitchen design

24/7 electricity via Nepa, Generator and solar back up

Card access to main door

Fully furnished

Work space corner

Air conditioning

Dstv

Fully functional kitchen with refrigerator, microwave, gad cooker etc

And many more

For enquiries kindly reach out via the number in my signature

Hello , we have a building you might be interested in a kind of prime location , let me know whenever ur on the island to see it.
Thanks

mrsage:


At the moment

N12,000 daily

N300,000 per month.

Note:

Its already booked till end of November.

Kindly get in touch for further information.

Thanks

Alright thanks

Hedgefunds:


Hello , we have a building you might be interested in a kind of prime location , let me know whenever ur on the island to see it.
Thanks

How do I get across to you?

Good morning everybody.

Any short let operator in the house?

And for intending/ potential investors. This is a great time to start your short let business.

Watch out for short let related investment opportunities

3rd apartment loading.


Proposed name: Kays place Ibadan. Agbowo Ibadan.

Following religiously

nnamdiosu:


Hello bro,
me to set up a shortlet management app. Helps customers book down apartments, make payment online,

How can we talk business?