Wazua
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Low End Housing: High Risk, High Return
Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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@wazua NEMA NCA fee scrapped in the budget. only for Sacco or everyone
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Hello Joined: 6/10/2016 Posts: 1 Location: Manchester
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There is research on the most profitable type of real estate investing in terms of limited budget https://tranio.com/traniopedia/tips/high_yields_on_real_estate_where_to_find_them_and_what_to_know/. It says that a short-term rental property would make you a stable and high profit – about 5% yield. To minimise risk, you can use the services of professional management companies (this costs 20−25% of the total rental revenue), the expenses will be rewarded with higher occupancy rates. The best choice is one-bedroom apartment in the center of a big european city.
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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ChuckNorris wrote:There is research on the most profitable type of real estate investing in terms of limited budget https://tranio.com/traniopedia/tips/high_yields_on_real_estate_where_to_find_them_and_what_to_know/. It says that a short-term rental property would make you a stable and high profit – about 5% yield. To minimise risk, you can use the services of professional management companies (this costs 20−25% of the total rental revenue), the expenses will be rewarded with higher occupancy rates. The best choice is one-bedroom apartment in the center of a big european city. positive piece right there..
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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now they realize :) http://www.businessdaily.../-/152iagiz/-/index.html
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Hello Joined: 6/24/2016 Posts: 2
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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obiero wrote:@wazua NEMA NCA fee scrapped in the budget. only for Sacco or everyone These NEMA people are just the ones. I already paid them, EIA report done and all, but still they gather courage to write a long letter with the following words therein "DO NOT commence construction until we grant written authority.."
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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Have had to forward these NEMA people to the ombudsman.. Even after being paid the 0.1% of total project cost they behave like true civil servants of yester-years; nonchalant!!!
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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Green means go http://www.businessdaily...439032-6o05up/index.html
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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It's official, smaller sized units rentals demand remains highest and most lucrative.. http://www.businessdaily...439032-6o05up/index.html
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 1/13/2012 Posts: 139
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Money from Kileleshwa or from Kawangware is the same. Met a guy with 500 single mabati units. The guy is a large tax payer. His units average 3k each. fanya hesabu, if the math makes sense it makes sense obiero wrote:Speculz wrote:popat wrote:Guyz while you are at this Mabati houses business,someone is giving me the idea leasing land in some of these slum like areas like Uthiru,Kangemi,Kawangware and putting up those single structures.Urguably the monthly rent payable to the land owner goes for like 50k p.m. for a 1/8 of an acre.So you lease for like 10 years.Do the structure and wait for the watejas.Am told that nowadays most of the structures coming up in these areas are done in such a manner since wenyeji hawauzi mashamba.Can someone tells us the possible pitfalls for such a venture.I can imagine considering the minimal cost of this investment you would be better off doing multiple units of such instead of the 5 storied stuctures anywhere in this Nairobi. Major pitfall - The non paying watejas . Keep in mind after the lease ,you leave the structures as is . shocked to see that someone is even thinking of such as an idea
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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obiero wrote:sitaki.kujulikana wrote:obiero wrote:mungaits wrote:Hi Wazuans,
After successfully completening putting up some 20 single rooms in Kiambu county, I've decided to upscale kidogo and build bed sitters.
The single rooms measuring about 12 by 12 costed approx 3m excluding cost of the plot.
For those who have done bed sitters,
- what's the ideal dimensions
- approx cost per unit
- floor plans options
- anyone tried these new EPS technologies
If we can't upload photos and documents here, can we share on the Wazuans Google group?
(Or start a Wazuans whatsapp group without Bro Ocholla)
Asanteni
This are the site, architectural plans and artist impressions as requested: Subject property  Access Road  Front view  Entrance view   you have decided to mess the homes nearby. Minimal impact.. Assesment has been undertaken    
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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shadowinvestor wrote:Money from Kileleshwa or from Kawangware is the same. Met a guy with 500 single mabati units. The guy is a large tax payer. His units average 3k each. fanya hesabu, if the math makes sense it makes sense obiero wrote:Speculz wrote:popat wrote:Guyz while you are at this Mabati houses business,someone is giving me the idea leasing land in some of these slum like areas like Uthiru,Kangemi,Kawangware and putting up those single structures.Urguably the monthly rent payable to the land owner goes for like 50k p.m. for a 1/8 of an acre.So you lease for like 10 years.Do the structure and wait for the watejas.Am told that nowadays most of the structures coming up in these areas are done in such a manner since wenyeji hawauzi mashamba.Can someone tells us the possible pitfalls for such a venture.I can imagine considering the minimal cost of this investment you would be better off doing multiple units of such instead of the 5 storied stuctures anywhere in this Nairobi. Major pitfall - The non paying watejas . Keep in mind after the lease ,you leave the structures as is . shocked to see that someone is even thinking of such as an idea @shadowinvestor I agree with you. Slum Lords reap heavy sums but that line of trade needs a heavy duty thick skin. I personally have thought about it but lack the tenacity to implement.. it's official, smaller sized unit rentals demand remains highest and most lucrative in sub Sahara Africa .. http://www.businessdaily...39032-6o05up/index.html
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 1/13/2012 Posts: 139
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True it needs a particular kind of ruthlessness as most of your tenants can hardly hold on to jobs. would be interested if someone here has done any outside Nairobi county obiero wrote:shadowinvestor wrote:Money from Kileleshwa or from Kawangware is the same. Met a guy with 500 single mabati units. The guy is a large tax payer. His units average 3k each. fanya hesabu, if the math makes sense it makes sense obiero wrote:Speculz wrote:popat wrote:Guyz while you are at this Mabati houses business,someone is giving me the idea leasing land in some of these slum like areas like Uthiru,Kangemi,Kawangware and putting up those single structures.Urguably the monthly rent payable to the land owner goes for like 50k p.m. for a 1/8 of an acre.So you lease for like 10 years.Do the structure and wait for the watejas.Am told that nowadays most of the structures coming up in these areas are done in such a manner since wenyeji hawauzi mashamba.Can someone tells us the possible pitfalls for such a venture.I can imagine considering the minimal cost of this investment you would be better off doing multiple units of such instead of the 5 storied stuctures anywhere in this Nairobi. Major pitfall - The non paying watejas . Keep in mind after the lease ,you leave the structures as is . shocked to see that someone is even thinking of such as an idea @shadowinvestor I agree with you. Slum Lords reap heavy sums but that line of trade needs a heavy duty thick skin. I personally have thought about it but lack the tenacity to implement.. it's official, smaller sized unit rentals demand remains highest and most lucrative in sub Sahara Africa .. http://www.businessdaily...39032-6o05up/index.html
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Rank: Chief Joined: 5/9/2007 Posts: 13,095
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popat wrote:Guyz while you are at this Mabati houses business,someone is giving me the idea leasing land in some of these slum like areas like Uthiru,Kangemi,Kawangware and putting up those single structures.Urguably the monthly rent payable to the land owner goes for like 50k p.m. for a 1/8 of an acre.So you lease for like 10 years.Do the structure and wait for the watejas.Am told that nowadays most of the structures coming up in these areas are done in such a manner since wenyeji hawauzi mashamba.Can someone tells us the possible pitfalls for such a venture.I can imagine considering the minimal cost of this investment you would be better off doing multiple units of such instead of the 5 storied stuctures anywhere in this Nairobi. Done it for sometime now. Don't collect the rent yourself if you can't handle the tenants. Get an agent, pay them well(about 10pc) and they pay you by a specific date for every house occupied whether its paid for or not. For you its none of your business whether they have collected or not...yours is to ensure the houses are in good shape, amenities are in place(water, electricity-prepaid obviously, garbage collection, caretaker to clean the place every day-they are low cost and one of the deal to keep them motivated is giving them one of the unit for free as their house plus some monthly salo etc). Good thing is you recoup your money in about 1-2 years. The remain 10 years are your profit. Build many and you can use them to build your house and move on.
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Rank: Chief Joined: 5/9/2007 Posts: 13,095
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shadowinvestor wrote:True it needs a particular kind of ruthlessness as most of your tenants can hardly hold on to jobs. would be interested if someone here has done any outside Nairobi county obiero wrote:shadowinvestor wrote:Money from Kileleshwa or from Kawangware is the same. Met a guy with 500 single mabati units. The guy is a large tax payer. His units average 3k each. fanya hesabu, if the math makes sense it makes sense obiero wrote:Speculz wrote:popat wrote:Guyz while you are at this Mabati houses business,someone is giving me the idea leasing land in some of these slum like areas like Uthiru,Kangemi,Kawangware and putting up those single structures.Urguably the monthly rent payable to the land owner goes for like 50k p.m. for a 1/8 of an acre.So you lease for like 10 years.Do the structure and wait for the watejas.Am told that nowadays most of the structures coming up in these areas are done in such a manner since wenyeji hawauzi mashamba.Can someone tells us the possible pitfalls for such a venture.I can imagine considering the minimal cost of this investment you would be better off doing multiple units of such instead of the 5 storied stuctures anywhere in this Nairobi. Major pitfall - The non paying watejas . Keep in mind after the lease ,you leave the structures as is . shocked to see that someone is even thinking of such as an idea @shadowinvestor I agree with you. Slum Lords reap heavy sums but that line of trade needs a heavy duty thick skin. I personally have thought about it but lack the tenacity to implement.. it's official, smaller sized unit rentals demand remains highest and most lucrative in sub Sahara Africa .. http://www.businessdaily...39032-6o05up/index.html
My friend have done them huko past Kitengela. They do well in areas near flower farms, factories or such areas with huge casual laborers.
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Rank: New-farer Joined: 3/22/2014 Posts: 50
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washiku wrote:shadowinvestor wrote:True it needs a particular kind of ruthlessness as most of your tenants can hardly hold on to jobs. would be interested if someone here has done any outside Nairobi county obiero wrote:shadowinvestor wrote:Money from Kileleshwa or from Kawangware is the same. Met a guy with 500 single mabati units. The guy is a large tax payer. His units average 3k each. fanya hesabu, if the math makes sense it makes sense obiero wrote:Speculz wrote:popat wrote:Guyz while you are at this Mabati houses business,someone is giving me the idea leasing land in some of these slum like areas like Uthiru,Kangemi,Kawangware and putting up those single structures.Urguably the monthly rent payable to the land owner goes for like 50k p.m. for a 1/8 of an acre.So you lease for like 10 years.Do the structure and wait for the watejas.Am told that nowadays most of the structures coming up in these areas are done in such a manner since wenyeji hawauzi mashamba.Can someone tells us the possible pitfalls for such a venture.I can imagine considering the minimal cost of this investment you would be better off doing multiple units of such instead of the 5 storied stuctures anywhere in this Nairobi. Major pitfall - The non paying watejas . Keep in mind after the lease ,you leave the structures as is . shocked to see that someone is even thinking of such as an idea @shadowinvestor I agree with you. Slum Lords reap heavy sums but that line of trade needs a heavy duty thick skin. I personally have thought about it but lack the tenacity to implement.. it's official, smaller sized unit rentals demand remains highest and most lucrative in sub Sahara Africa .. http://www.businessdaily...39032-6o05up/index.html
My friend have done them huko past Kitengela. They do well in areas near flower farms, factories or such areas with huge casual laborers. That's some good info.
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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washiku wrote: My friend have done them huko past Kitengela. They do well in areas near flower farms, factories or such areas with huge casual laborers. washiku wrote: Done it for sometime now. Don't collect the rent yourself if you can't handle the tenants. Get an agent, pay them well(about 10pc) and they pay you by a specific date for every house occupied whether its paid for or not. For you its none of your business whether they have collected or not...yours is to ensure the houses are in good shape, amenities are in place(water, electricity-prepaid obviously, garbage collection, caretaker to clean the place every day-they are low cost and one of the deal to keep them motivated is giving them one of the unit for free as their house plus some monthly salo etc).
Good thing is you recoup your money in about 1-2 years. The remain 10 years are your profit. Build many and you can use them to build your house and move on. Yawa jameni  In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Chief Joined: 5/9/2007 Posts: 13,095
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Angelica _ann wrote:washiku wrote: My friend have done them huko past Kitengela. They do well in areas near flower farms, factories or such areas with huge casual laborers. washiku wrote: Done it for sometime now. Don't collect the rent yourself if you can't handle the tenants. Get an agent, pay them well(about 10pc) and they pay you by a specific date for every house occupied whether its paid for or not. For you its none of your business whether they have collected or not...yours is to ensure the houses are in good shape, amenities are in place(water, electricity-prepaid obviously, garbage collection, caretaker to clean the place every day-they are low cost and one of the deal to keep them motivated is giving them one of the unit for free as their house plus some monthly salo etc).
Good thing is you recoup your money in about 1-2 years. The remain 10 years are your profit. Build many and you can use them to build your house and move on. Yawa jameni Lol...Hii ni my friend wa ukweli, sio wale wa green section
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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washiku wrote:Angelica _ann wrote:washiku wrote: My friend have done them huko past Kitengela. They do well in areas near flower farms, factories or such areas with huge casual laborers. washiku wrote: Done it for sometime now. Don't collect the rent yourself if you can't handle the tenants. Get an agent, pay them well(about 10pc) and they pay you by a specific date for every house occupied whether its paid for or not. For you its none of your business whether they have collected or not...yours is to ensure the houses are in good shape, amenities are in place(water, electricity-prepaid obviously, garbage collection, caretaker to clean the place every day-they are low cost and one of the deal to keep them motivated is giving them one of the unit for free as their house plus some monthly salo etc).
Good thing is you recoup your money in about 1-2 years. The remain 10 years are your profit. Build many and you can use them to build your house and move on. Yawa jameni Lol...Hii ni my friend wa ukweli, sio wale wa green section Lols
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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washiku wrote:Angelica _ann wrote:washiku wrote: My friend have done them huko past Kitengela. They do well in areas near flower farms, factories or such areas with huge casual laborers. washiku wrote: Done it for sometime now. Don't collect the rent yourself if you can't handle the tenants. Get an agent, pay them well(about 10pc) and they pay you by a specific date for every house occupied whether its paid for or not. For you its none of your business whether they have collected or not...yours is to ensure the houses are in good shape, amenities are in place(water, electricity-prepaid obviously, garbage collection, caretaker to clean the place every day-they are low cost and one of the deal to keep them motivated is giving them one of the unit for free as their house plus some monthly salo etc).
Good thing is you recoup your money in about 1-2 years. The remain 10 years are your profit. Build many and you can use them to build your house and move on. Yawa jameni Lol...Hii ni my friend wa ukweli, sio wale wa green section  If Obiero did it, Who Am I?
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Low End Housing: High Risk, High Return
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