WHY YOU SHOULD BECOME A LANDLORD TODAY

WHY YOU SHOULD BECOME A LANDLORD TODAY

Shock according to free dictionary refers to a psychological reaction emanating unexpected occurrences. Most people would agree with us that there’s nothing as shocking as a sack or retirement letter which spells doom not only to the immediate beneficiary but also to his or her dependants. In a country where the government only feeds you for thirty five years or fourty if you’re in the legal profession, real estate investment is one of the required shock absorbers that anyone who hopes to leave a legacy needs to get right abinitio.
One of the major benefits of being a landlord in present day Lagos asides the respect the name accords you is a secured source of income inform of rent being a periodic sum payable to a landlord by a tenant for the use and occupation of a given property. Irrespective of the economic situation rental properties are tangible assets that provide ongoing and periodic income which is far more reliable upon than salaries.
In 2016, the national population council put the state’s population at over 21 million and currently ranks as the 8th fastest growing city in Africa with an annual growth rate of 8.50%.
According to UN Statistics (2010) 85 % of 17million Lagos residents live in rented houses implying that a larger number of the migrants and working population preferring to live in rented apartments thereby indicating a ready market once you lay the foundation.