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

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  • Опубликовано: 25 авг 2024
  • Hello all,
    I just want to share some insights about what i leaned renting shortlets out to locals in Nigeria through agents
    Enjoy!

Комментарии • 114

  • @victoredwards3959
    @victoredwards3959 7 месяцев назад +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 7 месяцев назад

      What's your Airbnb link?

    • @thenigeriannomad
      @thenigeriannomad  6 месяцев назад

      understandable

    • @ifeanyichikwendu2884
      @ifeanyichikwendu2884 6 месяцев назад

      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.

  • @boborock2012
    @boborock2012 6 месяцев назад +4

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

  • @tkspiece2310
    @tkspiece2310 6 месяцев назад +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.

  • @CDBest
    @CDBest 6 месяцев назад +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.

    • @thenigeriannomad
      @thenigeriannomad  6 месяцев назад

      I appreciate you and yes it is VERY important

  • @emmanuelokonta1241
    @emmanuelokonta1241 6 месяцев назад +4

    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  6 месяцев назад +2

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

  • @turquoiseolowo
    @turquoiseolowo 7 месяцев назад +9

    Lovely shirt . Cheers Bayo

  • @isimotmuheeb4024
    @isimotmuheeb4024 6 месяцев назад +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.

  • @adeolaolatunji9324
    @adeolaolatunji9324 2 месяца назад +1

    Nigerians have introduced Middle Men theory in Air B and B. Its so serious. In the UK we go online.

  • @adewaleobadina7749
    @adewaleobadina7749 7 месяцев назад +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  6 месяцев назад

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

  • @ngalahansel6066
    @ngalahansel6066 21 день назад

    Wow,nice to see you wearing pur Cameroonian Grassfields shirt. As a Cameroonian, the shirt on your thumbnail, caught my attention. Looking good. Great insights too

    • @thenigeriannomad
      @thenigeriannomad  21 день назад +1

      @@ngalahansel6066 thank you so much. You are my in law ;)

    • @ngalahansel6066
      @ngalahansel6066 19 дней назад

      ​@@thenigeriannomad❤❤wow congrats. Hope our Cameroonian sister is cool good food for you

  • @amandaokolo
    @amandaokolo 7 месяцев назад +5

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

    • @francodejj
      @francodejj 7 месяцев назад

      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?

  • @emmanuelmichael1700
    @emmanuelmichael1700 6 месяцев назад +1

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

  • @lizz741
    @lizz741 7 месяцев назад +5

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

    • @thenigeriannomad
      @thenigeriannomad  6 месяцев назад +1

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

  • @N7SOLDIER
    @N7SOLDIER 7 месяцев назад +4

    Always love to see you uploading.

  • @FijiPropertiesng
    @FijiPropertiesng 2 месяца назад

    You have said it all sir 👍🏽 I am a local agent and I agree 😄

  • @MrDzo1
    @MrDzo1 7 месяцев назад +1

    Well done Bayo .. very helpful video

  • @adanbouzoua
    @adanbouzoua 7 месяцев назад +1

    Thx for sharing your experience.

  • @Oponu-Ayirada
    @Oponu-Ayirada 7 месяцев назад +6

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

  • @theciathproperty_
    @theciathproperty_ 3 месяца назад

    This is beautiful

  • @anthonybailey3511
    @anthonybailey3511 5 месяцев назад +4

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

  • @nameloading..8665
    @nameloading..8665 7 месяцев назад +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  6 месяцев назад +1

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

  • @The_Cruise_Fam
    @The_Cruise_Fam 7 месяцев назад +5

    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.

  • @priscabenita2698
    @priscabenita2698 3 месяца назад

    Thank you Bayo

  • @edogottalentglobalmediaint8236
    @edogottalentglobalmediaint8236 6 месяцев назад

    Thanks for the information 👍🏽

  • @CAANj
    @CAANj 7 месяцев назад +1

    Nice books and book shelf

  • @user-wc4ls9gt6s
    @user-wc4ls9gt6s 4 месяца назад

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

  • @macten5223
    @macten5223 6 месяцев назад

    Great content

  • @MarcoPolo-su2fc
    @MarcoPolo-su2fc 7 месяцев назад +2

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

  • @estherelufowoju3166
    @estherelufowoju3166 7 месяцев назад +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?

  • @isimotmuheeb4024
    @isimotmuheeb4024 6 месяцев назад +1

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

    • @thenigeriannomad
      @thenigeriannomad  6 месяцев назад +1

      its is not a deposit. if it's non-refundable :)

  • @RandomMZ1412
    @RandomMZ1412 7 месяцев назад +2

    Thanks for the information. 🙏🏾

    • @thenigeriannomad
      @thenigeriannomad  7 месяцев назад +1

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

    • @thenigeriannomad
      @thenigeriannomad  7 месяцев назад

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

  • @anthonybailey3511
    @anthonybailey3511 5 месяцев назад +2

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

  • @plateaulounge7506
    @plateaulounge7506 4 месяца назад +1

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

  • @mikemike2311
    @mikemike2311 2 месяца назад

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

  • @granddaddychillicheez7394
    @granddaddychillicheez7394 6 месяцев назад +1

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

    • @thenigeriannomad
      @thenigeriannomad  6 месяцев назад +1

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

    • @anthonybailey3511
      @anthonybailey3511 5 месяцев назад +1

      Not for the locals. They are used to it.

    • @thenigeriannomad
      @thenigeriannomad  5 месяцев назад

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

  • @user-oh9qi2lh5e
    @user-oh9qi2lh5e 6 месяцев назад

    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?

  • @PO-eg2ts
    @PO-eg2ts 7 месяцев назад +3

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

    • @MrUchboy
      @MrUchboy 5 месяцев назад

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

  • @beebee_0136
    @beebee_0136 6 месяцев назад +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  6 месяцев назад +2

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

    • @beebee_0136
      @beebee_0136 6 месяцев назад

      @@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 6 месяцев назад

      @@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!

  • @francodejj
    @francodejj 7 месяцев назад +1

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

    • @thenigeriannomad
      @thenigeriannomad  7 месяцев назад

      From my ovservations, they mostly use agents

  • @EmmanuelChika-gm3tm
    @EmmanuelChika-gm3tm 7 месяцев назад +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  7 месяцев назад +1

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

    • @sojimi
      @sojimi 7 месяцев назад +1

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

  • @user-ne8uz2xi8r
    @user-ne8uz2xi8r 7 месяцев назад +2

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

  • @GeeInUs
    @GeeInUs 7 месяцев назад +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  6 месяцев назад +1

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

  • @kolaakinnurun6632
    @kolaakinnurun6632 7 месяцев назад +1

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

  • @iguchioma2428
    @iguchioma2428 7 месяцев назад +1

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

  • @user-rz9oc8oo7t
    @user-rz9oc8oo7t 5 месяцев назад

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

  • @rot9229
    @rot9229 7 месяцев назад +2

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

    • @thenigeriannomad
      @thenigeriannomad  7 месяцев назад +1

      Where is this place ?

    • @rot9229
      @rot9229 7 месяцев назад

      @@thenigeriannomad in ikorodu.

  • @blackmac500
    @blackmac500 7 месяцев назад +3

    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

    • @oworumayowa9892
      @oworumayowa9892 7 месяцев назад +1

      Only about 3 percentage of the population.

  • @user-oh9qi2lh5e
    @user-oh9qi2lh5e 6 месяцев назад

    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

  • @paulogunbunmi9034
    @paulogunbunmi9034 6 месяцев назад

    Thank Bayo

  • @lorraineellis4281
    @lorraineellis4281 5 месяцев назад

    Do you have an Airb and b in Gwagwalada Nigeria?

  • @FijiPropertiesng
    @FijiPropertiesng 2 месяца назад

    Can I work with you?

  • @lizsmith952
    @lizsmith952 7 месяцев назад +1

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

  • @JOHNTHOMAS-ye5ku
    @JOHNTHOMAS-ye5ku 7 месяцев назад +4

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

    • @samkoldbarber7965
      @samkoldbarber7965 7 месяцев назад +1

      I can help, I’m in the process too.

    • @oworumayowa9892
      @oworumayowa9892 7 месяцев назад

      What do you need to know?

    • @oworumayowa9892
      @oworumayowa9892 7 месяцев назад

      What do you need to know?

    • @greymaterresources
      @greymaterresources 5 месяцев назад

      From which country are coming from and when last were you in Naija?

  • @joeb.1163
    @joeb.1163 7 месяцев назад

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

  • @gizzie_
    @gizzie_ 7 месяцев назад +1

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

    • @oworumayowa9892
      @oworumayowa9892 7 месяцев назад +1

      We use both.

    • @ahmedsally6279
      @ahmedsally6279 5 месяцев назад

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

  • @teaforum9520
    @teaforum9520 3 месяца назад

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

  • @ritaeffeyota
    @ritaeffeyota 7 месяцев назад +2

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

    • @thenigeriannomad
      @thenigeriannomad  7 месяцев назад +1

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

  • @1lovefootball
    @1lovefootball 7 месяцев назад

    😂😂😂😂😂😂😂😂😂😂😂😂😂

    • @thenigeriannomad
      @thenigeriannomad  7 месяцев назад +3

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

    • @phonefix419
      @phonefix419 7 месяцев назад

      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 6 месяцев назад

    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 6 месяцев назад

    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 6 месяцев назад

    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 6 месяцев назад

    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?