What I learned about renting shortlet to locals in Nigeria ( Pros and Cons)

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  • čas přidán 22. 01. 2024
  • Hello all,
    I just want to share some insights about what i leaned renting shortlets out to locals in Nigeria through agents
    Enjoy!

Komentáře • 108

  • @victoredwards3959
    @victoredwards3959 Před 4 měsíci +35

    Interesting, I have a 3 bedroom apartment in 1004 on the island, also I am a landlord in Uk with 10 rental properties, 4 Airbnb properties, I tried to rent out my apartment in 1004 on short let when I am not in Nigeria, and what you said here is so true, especially the market here is 90% used by the younger guys. And they do everything that an Airbnb forbids, smoking, loud music, parties, not following check out rules, inviting friends over, I tried hosting them once , and they sick all over my duvet covers. Since then I pulled out of the local market. My property is still on Airbnb for older guests and people who will follow the rules. No more local guys for me. Not worth the hassle.

    • @sojimi
      @sojimi Před 4 měsíci

      What's your Airbnb link?

    • @thenigeriannomad
      @thenigeriannomad  Před 4 měsíci

      understandable

    • @ifeanyichikwendu2884
      @ifeanyichikwendu2884 Před 4 měsíci

      Good morning sir, my name is Ifeanyi, I'm the brand manager for Escapade.
      Escapade is a Nigerian company that hosts and manage shortlets. We are actually a competitor with Airbnb.
      Sir can we come over to your apartment for a professional photo and video shoot, that we'll use for publicity purposes on our platform.

  • @tkspiece2310
    @tkspiece2310 Před 4 měsíci +6

    Great info thanks. I think it is very important that short let property owners get together and share experiences as well as start to foster a culture of bèst practise standards.
    We can either allow the low standards of such guests to spoil our rules, for the sake of making money, most of which you spend on the aftermath, or we start to enforce rules.
    If agents and clients aren't following our rules, simple they get blacklisted and the info is shared amongst the group.
    By enforcing the rules, we will land on the right clientele, if we give in, they will destroy our businesses.

  • @isimotmuheeb4024
    @isimotmuheeb4024 Před 4 měsíci +5

    Because,when you rent to the local people- Local people mainly will rent for parties or entertainment purposes.Yes , they need to clean every 2days, so you can be in control of what is going on in your building.

  • @CDBest
    @CDBest Před 4 měsíci +3

    Nice insight, and i believe this is how diasporas relocated back can share there experiences to encourage others think about home coming and colobrates with each other to enhance our thinking as our government has failed to provide confidence into their Citizens. And even some people will not divulged such informations u are giving freely, blessings comes from giving so keep it up. Thanks.

  • @emmanuelokonta1241
    @emmanuelokonta1241 Před 4 měsíci +3

    With all the quality Insight and information you share with us. I am disappointed that you only have 22k subscribers. People please share the videos and get your friends to subscribe to this channel. Thank y’all.

    • @thenigeriannomad
      @thenigeriannomad  Před 4 měsíci +1

      Thank you so so much I really appreciate this. ! I wouldn't mind ooh :) e se gan. Please share oooh

  • @adewaleobadina7749
    @adewaleobadina7749 Před 4 měsíci +5

    Thank you for this educational video yet again Bayo. This is a topic of interest to me, and you have helped in answering many questions that I have mulled in my mind for a long time now. Can you do a video about how to enlist my property on Airbnb, their requirements, etc. Your way of sharing information using live experience and explaining things through and through really makes for easy understanding. God bless you bro.
    Adewale Obadina,
    Ireland

    • @thenigeriannomad
      @thenigeriannomad  Před 4 měsíci

      Thank you so much! and yes I can definitely do a video on that.

  • @adanbouzoua
    @adanbouzoua Před 4 měsíci +1

    Thx for sharing your experience.

  • @N7SOLDIER
    @N7SOLDIER Před 4 měsíci +4

    Always love to see you uploading.

  • @lizz741
    @lizz741 Před 4 měsíci +5

    Great idea for setting a deposit fee and dedicated cleaning services...I too have heard stories 🙄...tfs...

    • @thenigeriannomad
      @thenigeriannomad  Před 4 měsíci +1

      Thanks so much for the sper chat :) greatly appreicated and yes oooh!

  • @amandaokolo
    @amandaokolo Před 4 měsíci +5

    Lovely video, I am a local agent and I could relate with everything that you highlighted here. 💯💯

    • @francodejj
      @francodejj Před 4 měsíci

      Curious as not sure he mentioned it…. How do the local-based population make their bookings with agents?…is there a website that they use?

  • @turquoiseolowo
    @turquoiseolowo Před 4 měsíci +9

    Lovely shirt . Cheers Bayo

  • @theciathproperty_
    @theciathproperty_ Před 17 dny

    This is beautiful

  • @MarcoPolo-su2fc
    @MarcoPolo-su2fc Před 4 měsíci +2

    Thanks for these information. That's why I follow your channel.

  • @emmanuelmichael1700
    @emmanuelmichael1700 Před 4 měsíci

    Always honest and humble with personal experience not research and posting what is gathered on social networks

  • @nameloading..8665
    @nameloading..8665 Před 4 měsíci +4

    I have seen this in nigeria. My old place, next door was an Airbnb. Pretty big, 3 floors, 4 bedrooms, so we would see a lot of locals rent it, mostly groups of men would rent it & entertain prostitutes for the weekend. This happened at least twice per month. There was trash everywhere, spilling to the outside so I can only imagine what the inside looked like. Was always so noisy, loud music and loud talking. Renting to locals is probably more challenging.

    • @thenigeriannomad
      @thenigeriannomad  Před 4 měsíci +1

      more challening for sure but one now has to do proper screening

  • @edogottalentglobalmediaint8236

    Thanks for the information 👍🏽

  • @macten5223
    @macten5223 Před 3 měsíci

    Great content

  • @MrDzo1
    @MrDzo1 Před 4 měsíci +1

    Well done Bayo .. very helpful video

  • @Oponu-Ayirada
    @Oponu-Ayirada Před 4 měsíci +6

    Best way is to install door camera with wifi on entry and exit & charge daily cleaning fees and deposit just incase of damages.

  • @priscabenita2698
    @priscabenita2698 Před 15 dny

    Thank you Bayo

  • @boborock2012
    @boborock2012 Před 3 měsíci +1

    Your shirt is the traditional wear of the Bamenda people of the northwest region of English Cameroon.

  • @anthonybailey3511
    @anthonybailey3511 Před 2 měsíci +3

    Se o le trust awon agent yi ti o ba si ni Nigeria. Nitori wipe awon agent yen, rondo rondo niwon.

  • @RandomMZ1412
    @RandomMZ1412 Před 4 měsíci +2

    Thanks for the information. 🙏🏾

    • @thenigeriannomad
      @thenigeriannomad  Před 4 měsíci +1

      Ooh nice. Thank you so much for this gesture. You are very welcome:)

    • @thenigeriannomad
      @thenigeriannomad  Před 4 měsíci

      Ooh nice. Thank you so much for this gesture. You are very welcome:)

  • @The_Cruise_Fam
    @The_Cruise_Fam Před 4 měsíci +4

    I am interested in the investment part and did I hear you say as low as $1000 if so, please I need more information.
    Thank you.

  • @CAANj
    @CAANj Před 4 měsíci +1

    Nice books and book shelf

  • @estherelufowoju3166
    @estherelufowoju3166 Před 4 měsíci +3

    I have few questions about investing and receiving ROI, plus other queries is there a separate inbox where I can direct those questions to?

  • @user-wc4ls9gt6s
    @user-wc4ls9gt6s Před měsícem

    I have over 15 properties in Lagos and Abuja and business is good.

  • @paulogunbunmi9034
    @paulogunbunmi9034 Před 4 měsíci

    Thank Bayo

  • @anthonybailey3511
    @anthonybailey3511 Před 2 měsíci +2

    Mo be e gidi gidi. Maje ki awon agent yen ko e lowo je.

  • @isimotmuheeb4024
    @isimotmuheeb4024 Před 4 měsíci +1

    You also need to request for a non refundable deposit so if they left the place untidy, they loose their deposit.

  • @francodejj
    @francodejj Před 4 měsíci +1

    Big thanks for sharing 👏🏾…. How do the local-based population make their bookings with agents?…is there a website that they use?

  • @plateaulounge7506
    @plateaulounge7506 Před 2 měsíci +1

    On the average How much or % do your Agents charge you?

  • @user-oh9qi2lh5e
    @user-oh9qi2lh5e Před 4 měsíci

    Hi Bayo!
    I have a 2 bedroom apartment in Lekki.
    How can i get local agent to help me with clients or how can i get local clients?

  • @mikemike2311
    @mikemike2311 Před 8 dny

    Where or how do u get Airbnb agents? I own properties in Abj and Akure, working on converting them to Airbnb

  • @PO-eg2ts
    @PO-eg2ts Před 4 měsíci +3

    Hi Bayo, what do you mean when you say you had to use local agents to source out client.

    • @MrUchboy
      @MrUchboy Před 3 měsíci

      It’s like a registered freelancer person or company who market your property to bring in clients

  • @user-ne8uz2xi8r
    @user-ne8uz2xi8r Před 4 měsíci +2

    Nice video and about the 1k$ invest with 25%,fo you pay back in usd?

  • @user-oh9qi2lh5e
    @user-oh9qi2lh5e Před 4 měsíci

    Hi Bayo!
    I have a 2 bedroom apartment in Lekki.
    How can i get local agent to help me with clients or how can i get local clients?
    19:32

  • @lorraineellis4281
    @lorraineellis4281 Před 3 měsíci

    Do you have an Airb and b in Gwagwalada Nigeria?

  • @GeeInUs
    @GeeInUs Před 4 měsíci +1

    Hello Bayo
    It's good to see how you are progressing. I like the nuggets of wisdom given.
    Do you have a number i can reach you to discuss?

    • @thenigeriannomad
      @thenigeriannomad  Před 4 měsíci +1

      Yes, for consultations, Please visit consultwithbayo.com to book a call

  • @kolaakinnurun6632
    @kolaakinnurun6632 Před 4 měsíci +1

    Hi bayo, I need agents on the mainland. Pls introduce me to some of them. Thanks

  • @granddaddychillicheez7394
    @granddaddychillicheez7394 Před 4 měsíci +1

    --When "they" take the Light its a Big Deal (No matter who they are...) !!!
    '

    • @thenigeriannomad
      @thenigeriannomad  Před 4 měsíci +1

      sure . There is no debate about this. everyone wants electricity

    • @anthonybailey3511
      @anthonybailey3511 Před 2 měsíci +1

      Not for the locals. They are used to it.

    • @thenigeriannomad
      @thenigeriannomad  Před 2 měsíci

      @@anthonybailey3511 as long as it comes.back on in meaningful time

  • @user-rz9oc8oo7t
    @user-rz9oc8oo7t Před 3 měsíci

    How can i reach out to you for management and investment as well

  • @lizsmith952
    @lizsmith952 Před 4 měsíci +1

    Do the people who clean live in the bq??? I am thinking about looking at getting apt to rent

  • @beebee_0136
    @beebee_0136 Před 4 měsíci +1

    20:10 Nice content. As a feedback: Is it possible diasporans learn and *adopt* a thing or two from the local clientele in terms of being more forgiving, considering this is a desirable attribute?

    • @thenigeriannomad
      @thenigeriannomad  Před 4 měsíci +1

      Thank you and I think its possible but very unlikely because it would require lowering of standards and expectations

    • @beebee_0136
      @beebee_0136 Před 4 měsíci

      @@thenigeriannomad 1.) Sir, is this actually a lowering of standards or an adjustment of their expectations to the present realities of the economy and what's obtainable? Remember, it seems you also admitted that this was to your benefit, right? (Cont'd...)

    • @beebee_0136
      @beebee_0136 Před 4 měsíci

      @@thenigeriannomad 2.) this requires an attitudinal disposition and lowering of one's expectations is quite in order, pending a gradual change to the power architecture of the Nation, don't you think?
      After all, like they say: "... _if you are in Rome, do like the Romans_ " lo!

  • @iguchioma2428
    @iguchioma2428 Před 4 měsíci +1

    Hello Bayo.
    Please I have a 4 bedroom apartment for Shorlet.
    How can I get a local agent to assist with clients.

  • @EmmanuelChika-gm3tm
    @EmmanuelChika-gm3tm Před 4 měsíci +3

    Bayo
    Do have one bedroom Appertment in lekkiphs1 I mean airbnb or I can pay in naira I need one room Appertment

    • @thenigeriannomad
      @thenigeriannomad  Před 4 měsíci +1

      We have close to osapa area but not lekki phase 1. So like 15 mins away3

    • @sojimi
      @sojimi Před 4 měsíci +1

      ​@@thenigeriannomad I need one as well. Link?

  • @rot9229
    @rot9229 Před 4 měsíci +2

    Hello Bayo,
    I have 8 units flats. How can I get a local agent to assist with clients please?

  • @joeb.1163
    @joeb.1163 Před 4 měsíci

    do you also do car rentals as part of your airbnb?

  • @blackmac500
    @blackmac500 Před 4 měsíci +2

    Crazy question do people in Nigeria have dogs . I asked because houses there don't have gardens or any green spaces. I would love to see some houses with yards with fruit trees

  • @JOHNTHOMAS-ye5ku
    @JOHNTHOMAS-ye5ku Před 4 měsíci +4

    Bayo, how do I get in touch with you? I have questions on relocation to Nigeria.

  • @gizzie_
    @gizzie_ Před 4 měsíci +1

    How about power issues? You provide fuel for generators or you use solar power?

    • @oworumayowa9892
      @oworumayowa9892 Před 4 měsíci +1

      We use both.

    • @ahmedsally6279
      @ahmedsally6279 Před 2 měsíci

      @@oworumayowa9892 Just both? does tht mean u bypass NEPA power completely?

  • @ritaeffeyota
    @ritaeffeyota Před 4 měsíci +2

    Thanks for this video. How can one contact you? Do you have IG handle

    • @thenigeriannomad
      @thenigeriannomad  Před 4 měsíci +1

      We can have a consultation call. Here is the link to sign up.
      bit.ly/bayoconsult

  • @teaforum9520
    @teaforum9520 Před 29 dny

    See ur stomach don dey come out. u don dey fresher. Ifakan baaale ti wa 😂

  • @1lovefootball
    @1lovefootball Před 4 měsíci

    😂😂😂😂😂😂😂😂😂😂😂😂😂

    • @thenigeriannomad
      @thenigeriannomad  Před 4 měsíci +3

      lol. tell me oooh. I need to know which part made you laugh ? lol

    • @phonefix419
      @phonefix419 Před 4 měsíci

      Hello Mr Bayo, I have a real estate Company registered in Nigeria I have acres of Land in Igbogun town ibeju lekki I can partner with you for development or sell to you few acres. U have in following places.
      1.Agbowa ikosi, Epe. (80 acres)
      2. Igbogun town (300 acres) Lagos/Ogun ibeju lekki.
      Ewekoro Ogun (600 acres).
      Agbara Ogun state (450 acres)
      Ibiye town Badagry (10 acres)
      Mosafejo Badagry (10 plots)

  • @user-oh9qi2lh5e
    @user-oh9qi2lh5e Před 4 měsíci

    Hi Bayo!
    I have a 2 bedroom apartment in Lekki.
    How can i get local agent to help me with clients or how can i get local clients?

  • @user-oh9qi2lh5e
    @user-oh9qi2lh5e Před 4 měsíci

    Hi Bayo!
    I have a 2 bedroom apartment in Lekki.
    How can i get local agent to help me with clients or how can i get local clients?
    19:32

  • @user-oh9qi2lh5e
    @user-oh9qi2lh5e Před 4 měsíci

    Hi Bayo!
    I have a 2 bedroom apartment in Lekki.
    How can i get local agent to help me with clients or how can i get local clients?

  • @user-oh9qi2lh5e
    @user-oh9qi2lh5e Před 4 měsíci

    Hi Bayo!
    I have a 2 bedroom apartment in Lekki.
    How can i get local agent to help me with clients or how can i get local clients?