LandlordHeaven solving most painful problems landlords suffer quietly in Nigeria
It is very difficult to believe that, most times, landlords in Nigeria have it worse than the tenants do. Whilst they seem to be the ever-privileged residential overlords with no worries in this world, they lose more money and peace of mind than people realise. That is because property management offers typically led by traditional management companies, real estate agents and lawyers are broken. And it is for that reason, LandlordHeaven was designed.
LandlordHeaven is the rental asset partner that guarantees that a landlord will never have to deal with bad tenants, lost or delayed rental income or unnecessary property repair costs. If this sounds unbelievable, you’d want to speak with the many landlords that have joined this community. Two lead executives at LandlordHeaven tell us that the landlords typically ask to be onboarded 50% into the sales pitch because they finally feel heard and see the one chance to actually enjoy real peace and prosperity from their rental assets. The team at LandlordHeaven are equally excited about their decision to take on the problems that have evaded the radar or interests of the leaders in the real estate industry. Here are a few reasons why.
There have been too many cases of landlords in Lagos and Abuja that have had to deal with tenants who either don’t pay their rent on time or don’t pay at all after stalling and exploiting legal loopholes available to them. In LandlordHeaven’s journey, one of our Property Managers, Seun Mosaku let us know that he has heard this from almost every landlord he has spoken to and that in an alarming number of cases, he has heard of situations where the tenant lingers for 2 years without paying their rent. It gets worse for landlords that have multiple apartments they rent out whilst running other business ventures. Some landlords simply stopped renting out their properties. Landlordheaven promises that this will no longer be a problem to landlords because they guarantee prompt remittance of rental income and take responsibility for payment defaults by tenants they recommend. This is a service that is offered exclusively by LandlordHeaven in collaboration with some of Nigeria’s top financial institutions and works for properties with or without tenants in them.
In other cases, landlords are left with prohibitive and unnecessary property repair costs that wipe off whatever chance they have to make a decent profit from their properties thanks to poor usage by bad tenants. Seun lets us know that besides the cases of landlords making discretionary increases in rental costs to new tenants, this specific problem incites vicious and healthy cycles of rent hikes in the market. From a tenant’s perspective, it is difficult to see how this behaviour truly impacts the landlord, but when taken fully into perspective, the loss is felt by the landlord, the next tenant and the tenancy market as a whole. Truly, nobody wins if this continues. To solve this, Seun lets us know that Landlordheaven offers a Property Care Guarantee Service to drastically reduce the need for a landlord to spend their income on expensive renovations when tenants leave. He lets us understand that it is a tested solution that has proven effective for LandlordHeaven’s customers.
There are situations where landlords need to secure financing to renovate their properties so they are able to command better returns. LandlordHeaven, in collaboration with its partners, offers up to 35 million Naira in renovation financing for their landlords. at some of the most affordable rates in the market.
Their technology offers landlords access to a powerful Rental Asset Dashboard that gives them access to the most important pieces of information and insight into their rental assets in real-time, from anywhere in the world. A landlord with several property assets gets to see the state of affairs on their rental assets, future rental income with payment dates, history of rental income per apartment etc. It’s a one-of-a-kind solution designed for landlords and the team says it is available to landlords on their browsers.
LandlordHeaven is confident that they are properly equipped to solve problems landlords face. Landlords can always learn more about the products on its website, mylandlordheaven.com. The team at LandlordHeaven are also available onsite at their Yaba and Ikoyi Offices at Wakeman Heights, 294 Borno Way, Alagomeji-Yaba, Lagos, Lagos., and Sterling Offices, 2, Turnbull Road, (Onikoyi Road), off Alexander Road, Ikoyi, Lagos. US office, 634, Mission street, San Francisco, California 94105. You can also reach out for enquiries by calling or sending a WhatsApp message to 0813 090 0385 or 0816 383 1316. To sign up or learn more, please, visit their website.
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