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5 WISE STRATEGIES TO BUILD YOUR REAL ESTATE BUSINESS

If you’re starting a real estate business, you know it’s important that your new business makes money. After all, you have to have enough cash in the bank to stay alive as a business, you don’t have to forget that the sole aim of every business is to make profit which will change your life for good.

The question is, what are the most effective means to go about making that money?

Below you will find a list of six strategies and tactics real estate agents use to bring in additional revenue, or to maximize their current revenue. From becoming a broker to flipping houses, we’re sure there’s at least one you’ll find useful

  1. Renovate and change the appearance

you might not want to purchase a house that needs this much fixing…

If you’ve considered buying a house, fixing it up, and then selling it, you’ve considered “flipping.” Many real estate agents turn to house flipping, or to helping clients flip houses, in order to generate an additional income stream.

It is possible to earn $100,000 on a flip, you know is not common to make that much. Remind you that the real money is not hitting it big on one flip, but in flipping multiple properties that make a quiet high profit from each

There is also a lot of risk involved in renovating houses. In order for this strategy to work, you need to buy a house below market value and you need to be able to accurately estimate the cost of repairs

Before you buy a property, make sure you know what it will cost to flip, You will probably need to enlist the help of a real estate agent to figure this out, but you can get a preliminary idea by looking at the recent sales value of houses in that same neighborhood.

Of course, you don’t have to repair the house. You could also buy at wholesale price, and then sell as quickly as possible.  “You can make an average of $5,000 to $10,000 per deal, with very little effort and work.”

Before you jump into flipping houses, we recommend you read step two (below).

2. Find hidden, off-market properties

If you can’t find deals before anyone else, you’re going to have a hard time making money. Many properties that are going to make you money are the ones you won’t find on the usual sites They’re the ones the owner needs to sale of quickly, and they’re not necessarily the   foreclosures.

An off-market property (sometimes referred to as a “pocket listing”) might be one owned by a couple going through a divorce, or a property an owner no longer wants, perhaps because they’re leaving the country or going through financial hardship. They’re the houses that the owners can’t usually sell through traditional channels as they need to move fast. They’re the houses you might drive by with a sign out front that reads FSBO, or “For Sale by Owner.” These are your gems.

Finding someone who needs immediate cash means you’re much more likely to acquire a property at below market value. It’s these properties that are going to give you the biggest return on your investment.

A good way to find off market properties is to keep an ear to the ground. After all, you never know when someone from your network of friends, acquaintances, or relatives will approach you for help, either for themselves or on behalf of someone they know. Get your name out there. Join different organization   This way, when someone from your network is in a jam, they’ll think of you first!

Beyond networking as usual, try to network and build connections with estate attorneys. They often have creditors who need access to money fast. Because of this, they’ll be much more likely to sell at a discount. Networking with wholesalers is a good idea too, as they often buy low-price properties that need fixing, almost as they become available, and make a quick profit by selling them just days after purchasing them. They’re in it for the short game, so if you’re a long game player, this could be a good strategy for you.

If you’re comfortable purchasing a property at auction, check out Auction.com. You can use this site to search for both residential and commercial real estate. Many properties are priced low and are listed on the site because they’ve gone into foreclosure or they’re owned by the bank.

See Also: how to become a millionaire though real estate

3. Target the vacation rental market

Let’s talk about how you can make money, or how you can help your clients make money: vacation rentals.

In peak tourist season, owning a property you can rent to tourists may seem like a no-brainier—you build equity in a great location and have an opportunity to capitalize on that demand. But what happens when the tourist season ends?

If you’ve priced your rental too high, you’re probably going to have a barren off-season or at least an unpredictable period. All those vacancies are going to add up, especially if you’ve hired a property manager to take care of things. According to Mark Ferguson of Invest Four More, the real cost of a vacation rental is the cost to manage and maintain them.

The key to a successful vacation rental is to price the property low enough that it stays rented year round. If that’s not possible, ensuring you can make enough in the good season is essential.

4. Stage the property you’re selling

For many people viewing a property is an emotional experience. They have to imagine what their life might look like were they living there. If you’re marketing an empty house, you may find it hard to sell.

For most clients, judgment is passed from the moment they first view a property. If the property you’re selling only has photographs of empty rooms, you might not be making that killer first impression, which is key to moving things along.

See Also: ?

5. Take the broker’s examination

When it comes to becoming a qualified real estate agent, you simply have to take the tests required by your state. This doesn’t usually take more than a couple of months, and it qualifies you to sell property as an independent real estate agent, or in service to a larger company—though most states require new agents to work under a broker for a couple of years first.

What you cannot do with this license is open up your own practice and hire other real estate agents. To do that, you have to become a broker.

By taking and passing the broker’s exam, you will then be free to start your own real estate agency and collect commissions from the real estate agents who work for you.

Because most brokers take between 20 and 50 percent of an agent’s commission, it pays to become a broker yourself—and not just because you could make an extra buck, but because you won’t be losing out on the money you make.

 

HOW TO BECOME A BILLION THROUGH REAL ESTATE

Real estate can make you a millionaire.

This might sound like it’s impossible, but the reality exists: real estate is an awesome wealth generating tool that have made billions of people billionaires

Maybe – but here’s the catch: not everyone who buys a piece of property becomes rich. In fact-  many people buy real estate only to find stress and empty bank accounts. They struggle for years and years but never build the kind of wealth they’ve dreamed of. So – how does someone use real estate to truly become a millionaire?

LANDS FOR SALE IN ENUGU

BELOW ARE THE GUIDES TO FOLLOW:

  • Cash Flow.

    This is the extra income you’ll get to keep each month (or year) that you own the property. Cash flow can be deceptive because it fluctuates when certain repairs are higher or lower in different months, so it’s important to factor in non-monthly costs like vacancy (the amount of time the property sits vacant), repairs, capital expenditures (expensive projects that need to be replaced on a home every so often, like appliances, roofs, windows, plumbing, etc.), along with the regular expenses (utilities, management, etc.).

  • Appreciation.

    When the value of a property increases, we call this “appreciation.” While appreciation is not always guaranteed (just ask people who bought in 2006 and sold in 2010!), over time, historically, real estate has always increased in Nigeria, averaging 3% per year over the past century. Another type of appreciation that can come into play is known as “forced appreciation,” the concept of increasing the value by physically improving the property.

  • Loan Pay-down.

     When you buy a property with a mortgage, each month your loan balance decreases. This means, over time, your tenant is essentially paying the loan down for you, helping you build wealth automatically.

  • Tax Benefits.

    The final wealth generator from real estate are the tax benefits associated with owning property in Nigeria. The Nigeria government likes real estate investors and uses the tax system to encourage our purchase and leasing of properties. From extra tax write-offs to the lack of “self-employment tax”, real estate investors can pay significantly less tax than other business owners, using the extra cash to buy more properties or pay of the loan faster — helping to build greater wealth.

Well, there are a few ways you could speed this up:

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  • Get a better deal:

    Always try to buy a property at cheaper rate, you can do that by seeking help from real estate agent to help get a better deal done.

  • Buy more deals:

    always try to buy more this will accelerate your profit properties. Perhaps you would buy one each year.

  • Buy in appreciating areas.

    While I used a 3% average for appreciation you could have researched job growth and other growth indicators to find an area where appreciation would be higher, perhaps 5-8% instead of 3%.

  • Trade up.

    If you are familiar with the board game Monopoly, you’ll know the value in trading from four houses to a hotel. The same is true in real estate. You could upgrade to bigger/better deals every few years to maximize your return. This is perhaps one of the fastest ways to achieve wealth through real estate — and if you want to know more

I’ve only just barely scraped the surface on what real estate investing can do for you in your quest to become a millionaire. In fact, there are so many different paths and strategies you could take to become a millionaire through real estate that I could write a thousand books on the topic and never cover it all. You could spend your whole life learning about real estate and never learn it all. And that often becomes a problem! People get stuck in “education mode” and never escape it.

I’d encourage you to not get overwhelmed, not try to learn everything. Pick one niche (like single family houses, commercial properties, etc.) and one strategy (like rental, flip, etc.), and focus on that. Read one or two books on the subject, and then start moving! Find someone local who is doing the same thing as you want to do, and take them out to lunch. Ask for help, but don’t stop moving!

The road might be foggy — but if you just keep moving forward, more of the road ahead will be revealed.

well equipped hospital for sale 

HOW TO AVOID BEEN DUPED/SCAMMED WHEN BUYING LAND/PROPERTIES.

It is stupid to think you can’t be fooled in a real estate transaction while some sellers and buyers are trustworthy, there can be some unscrupulous sellers, agents or buyers. The reality is that the trait of dishonesty is not written on anybody’s face instead many of this scammers are criminally minded folks who are taking advantage of the system. Scams in the real estate industry in Nigeria are real but real estate scams are not just a problem peculiar to Nigeria. It is a global issue and there are ways you can protect yourself from being a victim.

So the real question is: how do you know if you’re about to be scammed in a real estate transaction?  The truth is you can’t know if you are about to be scammed but there are warning signs and tips you can take to protect yourself against the activities of scammers. Even if you are working with honest people, these are safe ways to approach buying, renting or selling any properties.

  1. Don’t rush the buying/renting process

It is quite possible to find a great deal and you most probably want to act quickly so you don’t lose the offer to someone else but the problem with rushing the buying or renting process is that you have little time to question the real estate transaction. It is better to be patient and get what you want than to be in a hest and loss your money

our real agent can help you avoid been duped 

Verify the person you’re working with in the real estate transaction

Do not take whoever you are working with at face value ensure you do your research about that person. This is the digital age, check the person online, ask for referrals from other people and review their past works. If your gut feeling tells you something is wrong with the person involved in the real estate transaction, then you need to step back do more research about that person. Don’t work with any person you have you have doubt about.

 we can assist you in the buying process

Ask questions

Make sure you ask a lot of questions especially about any unclear issue about the real estate question. Ask the agent the reason for the sale? When there is not a reason for the sale, that can be a red flag. Questions are important because they help reveal contrariety in the real estate transactions.

If you spot any contrariety that cannot be resolve, then you need to rethink your involvement in the real estate transaction.

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Avoid paying cash

If the landowner or agent is asking you to pay in cash, then you should be very meticulous of that real estate transaction. The problem with paying in cash is that the money is not traceable unlike paying in a bank instead you insist on writing checks or paying at the bank as this means of payment does not leave you hanging dry if the transaction goes wrong.

TOP 5 TIPS ON HOW TO BUY LAND

 

Buying land is a very good investment, if it’s done in the right way. Buyers needs to be diligence so they will make the right decision.

Below are 5 tips for buying land.

  1. : ENSURE THAT THE LAND IS CLEAR OF LIENS

You need to be very meticulous when buying a land to ensue is not under legal claims. Hire an attorney to check the title and deed of the land, if the land is confirmed free from liens then you can purchase it

  1. WORK WITH A REAL ESTATE AGENT WHO SPECIALIZE ON LANDS:

Make sure that the real estate agent you are working with have good experience of buying and selling land and he is also good in negotiating deal.

     cheap lands for sale in Enugu

  1. DO YOUR DILIGENCE BEFORE BUYING?

Research is your priority when it comes to buying a land. if you have in mind to sell the land at later time then you should think as the future investor of your property like: what will investor expert? is the land for commercial/industrial/retailer? what are the amenities or road improvement?

  1. GET COMPREHENSIVE TITLE INSURANCE COVERAGE:

One of the most important tips of buying a land is to ensure that they are protected with comprehensive title insurance

  1. BE PATIENT IF YOU WANT TO BECOME A LAND INVESTOR:

If you plan on buying land as an investment, it’s best to fine an awesome deal and buy land that is cheaper so you can neither hold it for appreciation or sell for quick profit.

 Trusted source to buy land at affordable price in Enugu

How to Buy and Sell Real Estate Today

The Business of Real Estate

Real estate is typically bought and sold either through a licensed real estate agent or directly by the owner. The vast majority is bought and sold through real estate brokers. (We use “agent” and “broker” to refer to the same professional.) This is due to their real estate knowledge and experience and, at least historically, their exclusive access to a database of active properties for sale. Access to this database of property listings provided the most efficient way to search for properties.

The MLS (and CIE)

The database of residential, land, and smaller income producing properties (including some commercial properties) is commonly referred to as a multiple listing service (MLS). In most cases, only properties listed by member real estate agents can be added to an MLS. The primary purpose of an MLS is to enable the member real estate agents to make offers of compensation to other member agents if they find a buyer for a property.

This purposes did not include enabling the direct publishing of the MLS information to the public; times change. Today, most MLS information is directly accessible to the public over the Internet in many different forms.

Commercial property listings are also displayed online but aggregated commercial property information is more elusive. Larger MLSs often operate a commercial information exchange (CIE). A CIE is similar to an MLS but the agents adding the listings to the database are not required to offer any specific type of compensation to the other members. Compensation is negotiated outside the CIE.

In most cases, for-sale-by-owner properties cannot be directly added to an MLS and CIE, which are typically maintained by REALTOR associations. The lack of a managed centralized database can make these properties more difficult to locate. Traditionally, these properties are found by driving around or looking for ads in the local newspaper’s real estate listings. A more efficient way to locate for-sale-by-owner properties is to search for a for-sale-by-owner Web site in the geographic area.

What is a REALTOR? Sometimes the terms real estate agent and REALTOR are used interchangeably; however, they are not the same. A REALTOR is a licensed real estate agent who is also a member of the NATIONAL ASSOCIATION OF REALTORS. REALTORS are required to comply with a strict code of ethics and conduct.

MLS and CIE property listing information was historically only available in hard copy, and as we mentioned, only directly available to real estate agents members of an MLS or CIE. About ten years ago, this valuable property information started to trickle out to the Internet. This trickle is now a flood!

One reason is that most of the 1 million or so REALTORS have Web sites, and most of those Web sites have varying amounts of the local MLS or CIE property information displayed on them. Another reason is that there are many non-real estate agent Web sites that also offer real estate information, including, for-sale-by-owner sites, foreclosure sites, regional and international listing sites, County assessor sites, and valuation and market information sites. The flood of real estate information to the Internet definitely makes the information more accessible but also more confusing and subject to misunderstanding and misuse.

Real Estate Agents

Despite the flood of real estate information on the Internet, most properties are still sold directly through real estate agents listing properties in the local MLS or CIE. However, those property listings do not stay local anymore. By its nature, the Internet is a global marketplace and local MLS and CIE listings are normally disseminated for display on many different Web sites. For example, many go to the NATIONAL ASSOCIATION OF REALTORS Web site, http://www.realtor.com, and to the local real estate agent’s Web site. In addition, the listing may be displayed on the Web site of a local newspaper. In essence, the Internet is just another form of marketing offered by today’s real estate agent, but it has a much broader reach than the old print advertising.

In addition to Internet marketing, listing agents may also help the seller establish a price, hold open houses, keep the seller informed of interested buyers and offers, negotiate the contract and help with closing. When an agent provides all of these services it is referred to as being a full service listing arrangement. While full service listing arrangements are the most common type of listing arrangement, they are not the only option anymore.

Changes in the technology behind the real estate business have caused many agents to change the way they do business. In large part, this is due to the instant access most consumers now have to property listings and other real estate information. In addition, the Internet and other technologies have automated much of the marketing and initial searching process for real estate. For example, consumers can view properties online and make inquires via email. Brokers can use automated programs to send listings to consumers that match their property criteria. So, some agents now limit the services they offer and change their fees accordingly. An agent may offer to advertise the property in the MLS but only provide limited additional services. In the future, some real estate agents may offer services in more of an ala carte fashion.

Because of the volume of real estate information on the Internet, when people hire a real estate agent today they should look at the particular services offered by the agent and the depth of their experience and knowledge in the relevant property sector. It is no longer just about access to property listing information. Buyers and sellers historically found agents by referrals from friends and family. The Internet now provides ways to directly find qualified agents or to research the biography of an agent referred to you offline. One such site, AgentWorld.com, is quickly becoming the LinkedIn or Facebook for real estate agents. On this site an agent can personalize their profile, start a blog, post photos and videos and even create a link to their web site for free. Once unique content is added to their profile page the search engines notice!

Some have argued that the Internet makes REALTORS and the MLS less relevant. We believe this will be false in the long run. It may change the role of the agent but will make knowledgeable, qualified, and professional REALTORS more relevant than ever. In fact, the number of real estate agents has risen significantly in recent years. No wonder, the Internet has made local real estate a global business. Besides, Internet or not, the simple fact remains that the purchase of real property is the largest single purchase most people make in their life (or, for many investors, the largest multiple purchases over a lifetime) and they want expert help. As for the MLS, it remains the most reliable source of real estate listing and sold information available and continues to enable efficient marketing of properties. So, what is the function of all the online real estate information?

Online real estate information is a great research tool for buyers and sellers and a marketing tool for sellers. When used properly, buyers can save time by quickly researching properties and, ultimately, make better investment decisions. Sellers can efficiently research the market and make informed decisions about hiring an agent and marketing their properties online. The next step is to know where to look online for some of the best resources.
Internet Strategies

In the sections that follow, we provide strategies and tips on how to use the Internet to locate properties for sale and research information relevant to your decision to purchase the property. There are many real estate Web sites from which to choose and although we do not mean to endorse any particular Web site, we have found the ones listed here to be good resources in most cases or to be so popular that they need mention. One way to test a Web site’s accuracy is to search for information about a property you already own.

Finding Real Estate for Sale

Despite the widely available access to real estate listings, many believe that MLS databases continue to offer the most complete and accurate source of real estate information. Most MLSs now distribute content to other Web sites (primarily operated by real estate agents). An excellent starting point for MLS originated content is the national NAR Web site, realtor.com, which is also the most popular web site for searching real estate listings. Virtually all local and regional MLSs have an agreement with realtor.com to display much of their active listing inventory.

Some local and regional MLS systems also have a publicly accessible Web site. However, to get complete information you will most likely still need to find a qualified local REALTOR. Many local real estate agents will also provide their customers (via email) new listings that are input into the MLS that match their predefined criteria. This can be very helpful to a busy buyer.

There are also many Web sites that display both real estate agent listed and for-sale-by-owner properties. Some of the more popular Web sites include zillow.com and trulia.com. These sites offer other services too. For example, zillow.com is best known for its instantaneous property valuation function and trulia.com for providing historical information. Another source of properties for sale is the state, regional, and local Web sites associated with brokerage companies; for example, remax.com or prudential.com. Search engines like yahoo.com and classified advertising sites like craigslist.com also have a large number of active real estate listings.

One key difference between these sites is how much information you can access anonymously. For example, at trulia.com you can shop anonymously up to a point but then you will need to click through to the agent’s Web site for more information. Many new real estate search engines allow you to sift through listings without having to fill out a form. The best strategy is to browse a few of the sites listed above to find geographic areas or price ranges that are interesting. Once you get serious about a property, then that is the time to find a qualified REALTOR of your choice to conduct a complete search in the local MLS.

It also never hurts to search the old-fashioned way by driving through the neighborhoods that interest you. There is no substitute for physically, not virtually, walking the block when you are making a serious investment decision. In this sense, real estate is still a very local business and standing in front of the property can lead to a much different decision than viewing a Web page printout.

Valuing Real Estate

As we mentioned, one of the most popular real estate tools is zillow.com’s instant property valuation. Just type in an address and in and you get a property value. It even charts the price ups and downs, and shows the last date sold (including price) and the property taxes. There are other sites that provide similar tools such as housevalues.com and homegain.com. Unfortunately, many people use these estimated values alone to justify sales prices, offers and counteroffers. However, these are only rough estimates based on a formula that incorporates the local county sales information. These estimates can swing wildly over a short period of time and do not appear to always track actual market changes, which are normally more gradual. In addition, these estimates do not automatically take into account property remodels or renovations or other property specific or local changes. This is not to say these sites are not useful. In fact, they are great starting points and can provide a good ball-park value in many cases.

When it comes to getting a more accurate value for a particular property, there are other strategies that are more trustworthy. One is to go directly to your county’s Web site. More often than not the county assessor’s area of the Web site provides sales and tax information for all properties in the county. If you want to research a particular property or compare sales prices of comparable properties, the local assessor’s sites are really helpful. When you visit a county’s Web site you are getting information straight from the source. Most counties today publish property information on their Web sites. Many times you cannot only see the price a previous owner paid, but the assessed value, property taxes, and maps. Some county assessors are now adding a market and property valuation tools too.

Given the importance of valuation to investing, we are also going to remind you of the two most important (non-Internet) valuation methods: real estate agents and appraisers. Working with a local REALTOR is an accurate and efficient way to get value information for a property. While one of the primary purposes of the MLS is to market the active property listings of its members, the system also collects sales information for those listings. REALTOR members can pull this sales information and produce comparable market analyses (sometimes called CMAs) that provide an excellent snapshot of a particular property’s value for the market in a particular area.

Finally, the most accurate way to value a property is by having a certified appraiser produce an appraisal. An appraiser will typically review both the sold information in the MLS system as well as county information and then analyze the information to produce a valuation for the property based on one or more approved methods of valuation. These methods of valuation can include a comparison of similar properties adjusted for differences between the properties, determine the cost to replace the property, or, with an income producing property, determine a value based on the income generated from the property.

The Neighborhood

There are many ways the Internet can help you get the scoop on a particular neighborhood. For example, census data can be found at census.gov. You can also check out the neighborhood scoop at sites like outside.in or review local blogs. A blog is a Web site where people discuss topics by posting and responding to messages. Start by looking at placeblogger.com and kcnn.org/citymediasites.com for a directory of blogs. Trulia.com has a “Heat Map” that shows how hot or cold each neighborhood is based on prices, sales, or popularity among the sites users.

Schools

When it comes to selling residential property or rental properties that cater to families, the quality of the area school district makes a huge difference. There are many Web sites devoted to school information. Check out greatschools.net or schoolmatters.com. Most local school districts also have their own Web site. These sites contain a variety of information about the public schools and the school district, including its district demographics, test scores, and parent reviews.

Finding the Right Real Estate Agent

A recent addition to the Internet boom in real estate information is Web sites that let real estate agents market their expertise and local knowledge by displaying their professional profiles and socially networking with blogs. You can search to find an agent with a particular expertise, geographic area of specialization, or an agent offering specific services. The web site AgentWorld.com lets users quickly and easily find an agent with the right expertise using keyword searches and clean and simple agent profiles. AgentWorld.com also enables agents to post personalized blogs, photos and videos to help consumers find the best agent for their needs. Plus, many agent profiles include a direct link to the agent’s web site where you will likely find the local MLS listings.

Maps and Other Tools

The Internet has made mapping and locating properties much easier. To get an aerial view or satellite image of a property or neighborhood, go to maps.live.com or maps.google.com or visit walkscore.com to see how walk-able a particular property is. These sites can give you an idea of the neighborhood characteristics and the types of entertainment, restaurants, and other facilities that are within walking distance of the property. Maps.Live.com provides a view at an angle so you can see the sides of houses and Maps.Google even gives you a 360 degree street-level view for certain neighborhoods. If you have not tried one of these satellite map Web sites, you really should if only for amusement.

Final Thoughts on Internet Strategies

The Internet is a very effective research and marketing tool for real estate investors but is not a replacement for a knowledgeable experienced real estate professional. The Internet can save you time and money by enabling quick and easy property research and marketing options. Sites like AgentWorld.com also help you efficiently find a REALTOR who fits your buying or selling needs.

Always remember, when it comes to Internet strategies for real estate: More knowledge is better. You need to use the Internet to build your knowledge base on a target property or to find a real estate agent with expertise you need. However, the big caution here is that the Internet should not replace human judgment and perspective, expert advice or physical due diligence-keys to successful investing.

Tyler D. Kraemer is an attorney and nationally published author. His books include The Real Estate Investor’s Tax Strategy Guide (2009 Adams Media) and The Complete Guide to Reverse Mortgages (2007 Adams Media). Tyler has been interviewed by publications across the U.S. on real estate, business and Internet related topics. He is also a contributing editor to the web site [http://www.agentworld.com]

Copyright 2009. Tyler D. Kraemer. All Rights Reserved Worldwide.

Article Source: https://EzineArticles.com/expert/Tyler_Kraemer/290647

 

FInd Cheap Lands for sale in Enugu  City.

List of Tertiary Institutions/Universities in Enugu

List of Tertiary Institutions/Universities in Enugu

University of Nigeria Nsukka – UNN Enugu

Location:  Nsukka, Nsukka, Enugu State

Visit University of Nigeria Nsukka website

 

Enugu State University of Science and Technology (ESUTH)

Location: Ebeano City, Agbani, Enugu State

Visit Enugu State University of Science and Technology website

Caritas University

Location: Amorji-Nike, Enugu, Enugu State

Visit Caritas University website

ESUT Business School (EBS)

Address: 20, Garden Avenue, GRA, Enugu State

Visit ESUT Business School  website

Institute of Management and Technology (IMT)

Location: Abakiliki Road, GRA, Enugu State

Visit Institute of Management and Technology  website

Renaissance University

Location: Ugbawka Campus, Ugbawka Agbani, Enugu State

Visit Renaissance University  website

Godfrey Okoye University

Location: Thinkers Corner Campus, Ugwuomu-Nike, Enugu

Visit Godfrey Okoye University website

Your May also be Interested on renting or buying any of the Properties below:

 

self contain for rent in new haven enugu

self contain at abakpa enugu

a room self contain in enugu state

self contain in independence layout

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self contain in enugu north

Tips for Renting a House (Flats, Duplex or Bungalow) in Enugu

Tips for Renting a House (Flats, Duplex or Bungalow) in Enugu

Are you looking for a flat, bungalow or Duplex for rent in Enugu?  Whichever is the case, you need to be very careful before you pay for your rent.  You need to be careful because you are not the owner of the property.   You need to know your legal right as a tenant.

This article will be providing you with some tips that will help you while looking for a house to rent.

 

Landlord Tenanat Laws in Your Location

The laws that guide both the tenant and landlord vary from location to location.  It is very important that you find what is applicable in your area.

 

Inspect the Property

Before you make payment for any property, you should inspect the property well.  Inspect the locks for doors and windows, the plumbing system and make sure the toilets flush is working well.  If you see any damage in the property, take a photo and inform the landlord.   Even if you landlord fails to fix the damaged area in the property, you should agree with him in writing that you will not be responsible to pay for the damage while packing out.

Read Your Tenancy Agreement

The tenancy agreement is the legal contract between you and the landlord.  It tells you the dos and dons in the landlord’s property.  If you are uncomfortable with any of the clauses, you should let the landlord know and if change it before you sign the contract.  Once you sign the landlord tenancy agreement, it is binding to both you and the landlord.

Rent Payment

It is important you pay your rent on time.  When paying with cash, ensure you get a receipt immediately after payment.