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Looking for property in slums.
Rank: Member Joined: 1/24/2013 Posts: 325
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mawinder wrote:In slums you need some rough guys to enforce rent collection and rules or if you are a licensed firearm holder the easier.Just walk into your property with the gun visibly displayed and spread rumours around that you are very dangerous and have killed several people before.Your tenants will always call you to collect the rent.I learnt this from the late Fai Amario. Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Mawinder you never seize to amaze me. Remember what I told you about the watch list by admin? AnyHoo, I think I need a bud like you. Tuongee kando ama?
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Rank: Member Joined: 1/24/2013 Posts: 325
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Rank: Member Joined: 1/13/2011 Posts: 297 Location: Nairobi
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Rent collection - min 2500 so that you are above primary control bracket. Make tenancy ag and 1month deposit a must. Enforce you ag late payment fee, eviction, auction of items etc etc. 99% of tenants dont want shida but quiet stay.
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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Foz00 wrote:Rent collection - min 2500 so that you are above primary control bracket. Make tenancy ag and 1month deposit a must. Enforce you ag late payment fee, eviction, auction of items etc etc. 99% of tenants dont want shida but quiet stay. Good idea but I don't think it is possible to get such rent from a mabati house.I hear in places like Mlolongo a 1 bedroom house goes for 6k,a bedsitter 4k,a double room 3k and a single room 1500.
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Rank: Veteran Joined: 2/3/2010 Posts: 1,797 Location: Kenya
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mawinder wrote:Bachuma Gate wrote:Mawinder,
A better way is to shop for an 1/8th plot in the outskirts of Mulolongo, Kitengela, Kiserian going for say 450,000.00 to 700,000.00. Spend another 700,000.00 (20*35,000.00) to put up 20 mabati houses (plot size is 50*100ft. Tu rooms are 10*10). Total spend 1.3m - 1.4m. Income 20*1,800.00=36,000.00 less expenses may be 30K. For 1.4m, 30k return is not bad. Rent for a 2 bed house at Nyayo Embakasi is going for 30K but to it costs 6.5m to buy. Return is about 26% pa. The beauty is that the land is yours, you have a title and it will keep on appreciating.
Thanks for the information.Will certainly take this route and have the mabati structures as I accumulate capital for building a permanent structure on the plot. beware of zoning laws, mavoko are very aggressive enforcers I may be wrong..but then I could be right
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Rank: Member Joined: 1/13/2011 Posts: 297 Location: Nairobi
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mawinder wrote:Foz00 wrote:Rent collection - min 2500 so that you are above primary control bracket. Make tenancy ag and 1month deposit a must. Enforce you ag late payment fee, eviction, auction of items etc etc. 99% of tenants dont want shida but quiet stay. Good idea but I don't think it is possible to get such rent from a mabati house.I hear in places like Mlolongo a 1 bedroom house goes for 6k,a bedsitter 4k,a double room 3k and a single room 1500. I I assure you you can, walk into vijiji and utajionea, it all depends on Kahow well they are built and extras maji, stima, usafi, security
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Rank: Member Joined: 6/26/2008 Posts: 401
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Foz00 wrote:mawinder wrote:Foz00 wrote:Rent collection - min 2500 so that you are above primary control bracket. Make tenancy ag and 1month deposit a must. Enforce you ag late payment fee, eviction, auction of items etc etc. 99% of tenants dont want shida but quiet stay. Good idea but I don't think it is possible to get such rent from a mabati house.I hear in places like Mlolongo a 1 bedroom house goes for 6k,a bedsitter 4k,a double room 3k and a single room 1500. I I assure you you can, walk into vijiji and utajionea, it all depends on Kahow well they are built and extras maji, stima, usafi, security  Most slumlords don't give a damn about things like security, stima na usafi  Respected, resourceful Wazuans discussing how to be slumlords . Start with Kamae.....
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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I now need a plot to put up 20 ft or 40 ft containers for rent.Any ideas on the rate of return and viability is welcome.
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Rank: Veteran Joined: 2/21/2012 Posts: 1,739
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mawinder wrote:I now need a plot to put up 20 ft or 40 ft containers for rent.Any ideas on the rate of return and viability is welcome. @Mawinder. Elaborate. Are you selling Containers and renting out ama? If it is selling, Containers are always in high demand. Do not be anxious about anything, but in everything, by prayer and petition, with thanksgiving, present your requests to God..
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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Am wrote:mawinder wrote:I now need a plot to put up 20 ft or 40 ft containers for rent.Any ideas on the rate of return and viability is welcome. @Mawinder. Elaborate. Are you selling Containers and renting out ama? If it is selling, Containers are always in high demand. I need the plot to put up the containers.
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