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My Journey Into The Short Let Apartment Business In Lagos. - Business (8) - Nairaland 2a844

My Journey Into The Short Let Apartment Business In Lagos. (29787 Views)

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nnamdiosu(m): 8:27am On Nov 28, 2022
okoIYAyin:


How can we talk business?

Kindly send me a pm sir.
mrsage(m): 10:05am On Dec 11, 2022
Hello,

It's that time of the year with very strong demand.

Wish all short lep operators good luck this festive season.

I'm still working on the apartment in Ibadan. A room self con for short let very close to University of Ibadan.

3 Likes

smoothvee(m): 2:28am On Dec 20, 2022
You know your stuff bro! This is awesome.
class0247: 3:17am On Dec 20, 2022
mrsage:
Setting up a business is easy.

The difficult part is running the business.

Making progress.



He bro, I have an apartment in Ajah that I want to use for a short let. Can you help to keep it running?
mrsage(m): 6:17pm On Dec 21, 2022
smoothvee:
You know your stuff bro! This is awesome.

Thanks
mrsage(m): 6:17pm On Dec 21, 2022
class0247:




He bro, I have an apartment in Ajah that I want to use for a short let. Can you help to keep it running?


Sure. Kindly reach out. My WhatsApp number is there in my signature
mrsage(m): 5:42pm On Jan 13, 2023
Happy new year.

Harmony Plus Apartment coming soon.

4 Likes

alakara(m): 7:42pm On Jan 13, 2023
mrsage:
Happy new year.

Harmony Plus Apartment coming soon.

Same to you.
YorubaSamurai: 8:33pm On Apr 05, 2023
Shortime hotel better this business

1 Like

mrsage(m): 7:00pm On Apr 27, 2023
We are now in Ibadan

Kays Short let apartment in Agbowo, very close to University of Ibadan.

A fully furnished room self con

1 Like

mrsage(m): 7:05pm On Apr 27, 2023
A room self con available in Agbowo Ibadan. Very ible location.

Room is ensuite. No shared facilities.

Facilities available :
Kitchen with gas cooker / cylinder
Water available
Bed with semi orthopaedic mattress and pillows
Wardrobe
Satellite tv
Fire extinguisher
Standing fan
Table and chair
Tiled floor
Parking space available in the compound
Electricity via Nepa, generator and inverter.

Room is already set up with all basic house hold ammenities.

Minimum reservation: 1 week

Its very pocket friendly

2 Likes

venoma: 3:05pm On May 27, 2023
There is a website where you can check demand trends for short lets based on Location. The website has statistics to cover every state in Nigeria.

You didn't mention the website


mrsage:
Ideal
location for short let business.

Short let apartments thrive in residential areas with a good mix of commercial activities and recreational centres.

A place where people can reside and easily gain access to bank branches, supermarkets, cinemas, hang out spots and many more.

A place where they can easily get all basic needs met.

Ideal places for short let in Lagos:

Lekki Phase 1
Victoria Island / Oniru
Ikeja
Yaba
Surulere
Gbagada
Festac/ Amuwo Odofin etc.

Its important to realise that patronage differ based on Location.

The neighbourhood should be relatively safe and secure.

There is a website where you can check demand trends for short lets based on Location. The website has statistics to cover every state in Nigeria.

It will be revealed later.

Generally short lets do not thrive in remote areas or outskirts of cities. Outskirts like, Sango Otta, Epe, Ikorodu. These areas are not hot spots for shortlet.

However you can still do business here and make money if you are very business savvy and understand the market. It will require more work.
wayforward2grea(f): 8:27pm On Jun 05, 2023
mrsage:
A room self con available in Agbowo Ibadan. Very ible location.

Room is ensuite. No shared facilities.

Facilities available :
Kitchen with gas cooker / cylinder
Water available
Bed with semi orthopaedic mattress and pillows
Wardrobe
Satellite tv
Fire extinguisher
Standing fan
Table and chair
Tiled floor
Parking space available in the compound
Electricity via Nepa, generator and inverter.

Room is already set up with all basic house hold ammenities.

Minimum reservation: 1 week

Its very pocket friendly


This is a very good business. I've been trying to figure out how i can use my house 6 bedroom duplex i just bought in mainland of Lagos i just bought for short let business, but i realised that people are using apartments/flats. And i don't want to convert my house. I am yet to see Duplex being used for short let, how will customers cope in it grin ? Is it really possible? Duplex for short let? Please educate me. Thanks

2 Likes

Veryfied: 5:29am On Jun 06, 2023
wayforward2grea:



This is a very good business. I've been trying to figure out how i can use my house 6 bedroom duplex i just bought in mainland of Lagos i just bought for short let business, but i realised that people are using apartments/flats. And i don't want to convert my house. I am yet to see Duplex being used for short let, how will customers cope in it grin ? Is it really possible? Duplex for short let? Please educate me. Thanks

Duplex can be used for Shortlet when furnished properly and the location is good.

You can rent out the rooms individually and or put up the entire building. For instance people rent entire building as party house and vacation stay for the entire family.
The goal is to maximize rental income as soon as you decide to make money with it.

1 Like

Olaxbolax100: 10:48pm On Jun 19, 2023
mrsage:


I don't have any links. I'm more familiar with Lagos amd South West.
please do you have links in lagos
mrsage(m): 7:01pm On Jun 29, 2023
wayforward2grea:



This is a very good business. I've been trying to figure out how i can use my house 6 bedroom duplex i just bought in mainland of Lagos i just bought for short let business, but i realised that people are using apartments/flats. And i don't want to convert my house. I am yet to see Duplex being used for short let, how will customers cope in it grin ? Is it really possible? Duplex for short let? Please educate me. Thanks

Kindly get in touch. Let's talk one on one. My number is right here in my signature
mrsage(m): 7:02pm On Jun 29, 2023
Glad to be back after a short break.
mrsage(m): 7:12pm On Jun 29, 2023
Introducing

Short let Apartment Management Service

Do you have an existing house or apartment and you wish to convert it to a short let? If yes lets talk


If you have an apartment it's more profitable to use it as short let compared to letting it out to tenants who pay yearly rent.

As a landlord you earn at least 40% more income from short let compared to annual rental.


If you wish to take advantage of short let rental income, kindly get in touch.

We manage every aspect of the business from setting up to marketing, customer relations etc.

All you do is sit back and earn income on a regular basis.


Preferred locations in Lagos;

Ikeja axis

Lekki Phase 1 axis

Yaba axis

Surulere axis

Gbagada axis

Other areas may be considered.


If you wish to take advantage of this offer, kindly get in touch.
Ugochimaleze: 10:20am On Jul 09, 2023
Thanks for your illuminating post on this topic. I have some one bed flats in Ajao estate, very close to the airport. Do you see this area as a viable area for short let apartments.
SteveOjay(m): 9:02pm On Aug 28, 2023
venoma:
There is a website where you can check demand trends for short lets based on Location. The website has statistics to cover every state in Nigeria.

You didn't mention the website



Nigeria Property Centre
luswitz(f): 6:35pm On Dec 03, 2023
Hello I just came across your post. Please I am new in the Business, how do I get in as an agent and get listing? Are there groups to with other agents? Please i would really appreciate your assistance. Thank you
Corona22: 3:57am On Dec 15, 2023
mrsage:


Let me share a Real Estate Price list received from an Estate Agent. Use it as a guide to long lease prices in Lagos.

Hello sir
I would appreciate if you can get me in touch with this agent
Thank you in advance
PreciousViv: 5:00am On Feb 05, 2024
Hello Mr.sage Happy New Year , do you have any updates on how your business is performing now? Do you have any concerns about the longevity of this business in the long-term? Are any of your flats affected by seasonal flooding, if so how do you manage this? Thoughts on property in VGC? Thank you!
Uzorange(f): 12:28pm On Feb 27, 2024
Hello MrSage.

Good afternoon, i want to go into short. Please can i speak to you on phone ?
Kennyswag: 9:03pm On Mar 07, 2024
Shortime hotel sure
MaxSummers: 6:01pm On Mar 28, 2024
I appreciate your initiative to share your business journey with us. It's true that Nairaland, like many online forums, has seen a shift in content over the years. Your decision to bring back educative and practical threads is commendable.
If you're considering expanding your real estate ventures, you might want to explore opportunities in other locations, such as Kingston. Places like Kingston have a growing demand for short-term rentals, especially among students. Companies like axonproperties.ca offer a range of student rental options, which could be a lucrative investment opportunity for you.
cecegorz(m): 1:04pm On Apr 29, 2024
Great job Mr Sage.
I just read up your whole thread from the first post.
It seems you’ve abandoned here for almost a year now?
Is everything all right.
I’m about going into this business with my house, and I will love to consult you.

Please confirm if you are still available.
Likeseun: 1:16pm On May 13, 2024
I’m taking my time to appreciate you My saga for your great work and insightful journey of short let I started reading your thread since yesterday which I finally concluded this morning. Thou I have this plan for over 2yrs ago. I was cracking my brain while I decided to go online to search for info while I storm on ur insightful guide. I really appreciate once again as this will usher me back to my plan. I will chat you soon. Thank you.
Fogman(m): 11:10pm On Jul 01, 2024
Hello, please i need a serviced short let 1bdm apartment within Surulere or environ for upto 3 months. Please dm if you have a decent apartment. Thank you.
Mademan7: 7:05pm On Jul 20, 2024
mrsage:
We are now in Ibadan

Kays Short let apartment in Agbowo, very close to University of Ibadan.

A fully furnished room self con

Please why did you change the name in ibadan. Any specific reason?
Olaitan2019(m): 12:20pm On Nov 12, 2024
class0247:




He bro, I have an apartment in Ajah that I want to use for a short let. Can you help to keep it running?

Yes I can help you run it effectively
Kindly call or whatsapp
09025462416

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