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HIRING AN ESTATE MANAGER IN LAGOS, NIGERIA
by Shikenan Staff Writer   on Fri, September 16, 2011 
 
Hiring an Estate Manager in Lagos, Nigeria

For most Nigerians abroad building a house in Nigeria comes with its  challenges. However, finding someone to manage the property while you are abroad is even more challenging. The challenge is getting a trustworthy effective person to manage the property. Considering the culture of Nigeria, it is preferred to hire a professional estate manager to do the job for you. As we all know sometimes going the route of family members can even be more frustrating

WHY HIRE A PROFESSIONAL REAL ESTATE MANAGER IN LAGOS, NIGERIA

 

  1. A professional real estate manager will protect your interest and ensure that nothing is spoilt in the property.
  2.  You can be rest assured that no matter what happens, your agent will follow your instructions stated on the letter of agreement you both have signed.
  3. Because of his profession, an agent will strive at all times to protect his integrity. Thus, he will no do anything contrary to your directions.
  4. Once a fee has been agreed upon, you can be rest assured that money accrued from your properties will be credited in your account on due time.

 

PROPERTIES YOU CAN GET AN AGENT FOR

  • Landed Properties
  • Residential Buildings
  • Shopping Complex

HIRING A GOOD ESTATE AGENT IN LAGOS, NIGERIA

Hiring a good estate agent in Lagos, Nigeria is not that difficult, but considering the situation in the country nowadays, one needs to be very careful when looking for one.  Make sure the agent is referred by someone you trust, by referring the agent, they will be vouching for the agent's authenticity. As a last resort, you can check online for sites that deal with estate management in Nigeria. In addition, the agent’s fee will depend largely on the type of the property you are putting in his care.

TWO WAYS FOR AN AGENT TO GET HIS FEE

  1. In renting out your property, you should clearly state to the agent how much you are willing to have it rented out. The agent will then put his own fee and charge the lessee more than the amount you have specified.  For instance, if you are willing to rent a place out at N250 thousand per annum, your agent might decide to add N50, 000 as his agency fee.  The agency fee is normally a percentage of the rent the tenant will be paying. With that, your tenant ends up paying for the agency fee.
  2. Another way of paying the agent is to have an agreement with him. This arrangement will indicate that the agent will receive a flat rate or a fixed percentage of the total house rent he collects. You will then pay the agent the agreed sum out of the money collected. Therefore, there is no need for your agent to add a specific amount to the total payment you are willing to rent out your place.

It should be noted that in case of selling a property, there will have to be an agreement between you and the agent on the percentage he will be receiving if the property is sold eventually. Considering the amount you will pay an agent, you might want top say you don’t need one. BUT in truth, it’s worth the hassle your tenants will give you especially if you are abroad.

How about you? Have you tried hiring a real estate manager in Lagos, Nigeria? Was it worth it? Or, do you think it is better to do it ALL on your own?

 



 

 

 

 

 

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