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5 MISTAKES LANDLORDS MAKE ON THEIR PROPERTY

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WHAT YOU NEED TO CONSIDER BEFORE INVESTING IN OFFICE PROPERTY

5 MISTAKES LANDLORDS MAKE ON THEIR PROPERTY

 

BY DENNIS ISONG

 

 

5 MISTAKES LANDLORDS MAKE ON THEIR PROPERTY

 

 

Two years ago in Oyo town, Owode, to be precise, a room in one of the old houses was rented out to a man. After a few months of familiarizing himself with people around, he asked the Landlord to allow him to display a few of his things in front of the house (he sold household gadgets) and he was allowed.

 

After another 6 months, he told the landlord that he was traveling and since there’s no issue with that, the landlord didn’t read any meaning to it.

 

 

 

 

 

 

One week after, a woman (Mrs. B) came to the house to ask for him, and the landlord reported that he had traveled. The man that followed her asked the landlord a few questions, unfortunately, he couldn’t answer. So, he was arrested.

 

The man that followed Mrs. B was a police officer and no one knew because he wasn’t wearing a uniform which was on purpose.

 

 

 

 

 

 

 

When they got to the station, it was made clear to the landlord that he had accommodated a wanted 419 and he had to produce him.

 

The landlord explained to them that he ran a business and he hadn’t moved out. And then, they went to check his room. On getting there, they saw that he had cleared all the things in the room unknown to the landlord.

 

 

 

 

 

 

 

 

This case went on for weeks before the landlord was eventually bailed. Many people in jail now are not supposed to be in jail but it happened for the little mistakes that seemed irrelevant initially.

 

Tenants can leave your house within a twinkle of an eye and you may not know the havoc they must have caused until it becomes a police case.

 

 

 

 

 

 

 

What are the mistakes landlords make?

 

  1. Not having any traceable information about the occupants

 

Many landlords, especially those that are not living in Nigeria or close to where they have their property are guilty of this. When you leave your property in the hands of agents, do you also monitor the kind of people moving into the house? It is your property and there should be a level of zealousness just to avoid cases like the one that happened in Oyo. There are too many criminals out there frantically looking for accommodation to perpetrate evil.

When people come to you, do your background research. I know of a landlord that calls potential tenants’ place of work just to confirm that they truly have a legitimate job. Little research is paramount, don’t take it for granted.

 

 

 

 

 

 

 

 

  1. Accepting occupants based on emotions

 

People do this. We hear a sob story and lose our guard. Bad people take advantage of this. All stories you are being told must be verified. You are not a bad person trying to protect your property because if push comes to shove, you (the landlord) will bear the larger burden of the problem.

 

You should do away with emotions so you can make a sound judgment.

 

 

 

 

 

 

 

 

  1. Not having rules binding tenants to the house

 

This is very important. don’t treat your property nonchalantly. Set rules for occupants and make sure you also follow the rules. Not having rules is a mistake you should not make as a landlord because you are just setting yourself up for a big problem.

 

One of the things that should bind you, the tenants, and the house rules. Without rules, it will collapse, literally. Rules binding tenants will curb excesses. There might be issues but it won’t be as horrible as not having any rules.

 

 

 

 

 

 

 

  1. Handing over the affairs of the house to a tenant also living in the same house

 

Landlords make this huge mistake. I am sure you might be wondering why and who should have been in the best position for it. I will tell you why. Do you think a tenant being put in charge of others will be neutral? Do you think he/she will be totally sincere with you? Do you think he/she doesn’t have a close friend and an enemy in the house and makes things favorable to one while the other is at the receiving end because of personal issues?

 

In this situation, where the “house captain” also lives with the subordinates, it brings chaos and disarray eventually.

 

 

 

 

 

 

 

 

The best fit for the job is an outsider who will be neutral and not emotionally attached to anyone.

 

  1. Gossiping about tenants to one another

 

Please don’t do this. If you have an issue with any tenants, approach/her on a personal level. Gossiping about tenants to one another gives room for disrespect and I am sure it’s not something you want to deal with.

 

In some communities, if a tenant is going beyond his boundaries, he is allowed to make a report to the landlord’s association and such cases will be treated accordingly.

 

 

 

 

 

Dennis Isong helps individuals invest right in Real estate. For questions on this article or enquiring about Real estate. Email: [email protected] or Whatsapp/Call +2348164741041

 

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Top 5 Most Visited Countries in The World

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Top 10 Most Visited Countries in 2024

Top 5 Most Visited Countries in The World

 

International tourism has come a long way to returning back to pre-pandemic levels. The United Nations World Tourism Organization (UNWTO) reports that international arrivals reached 80% of prior levels during the first quarter of 2023. That’s an estimated 235 million tourists traveling internationally in just three months, more than double the same period in 2022. The recovery has been robust across various regions, including Europe, Africa, the Americas, and the Middle East

Why has this happened? In addition to few (if any) restrictions on travel, the popularity of online travel and booking platforms makes it easy for jetsetters to buy flights from their phones. They can compare real-time prices, plan out personalized itineraries, and pay for bookings with a few button clicks.

We’ve also seen a blending of business and personal travel into longer, more flexible trips. Termed “bleisure” by travel fans, the concept gives business travelers an excuse to book a few extra days to see the sites and even bring friends or family along. It’s not surprising to see some of these trips lean toward the more exotic, with luxury accommodations and excursions becoming the norm for trips of all lengths.

So, where are people traveling? The Global Tourism Data of inbound tourists from the UNWTO gives a peek into the most popular destinations across the globe from data collected in 2023.

1. France

100 million visitors ($68.6 billion USD in receipts)

Tourism in France took a big jump in 2023, with Forbes reporting a 12.3% increase in just the first quarter. France currently has around 29,000 tourist accommodations for travelers to stay, with hotels making up 17,600 of those locations. Luxury hotels alone saw a jump in occupancies, an incredible 31.4% increase from the year before.

The region with the most hotels is the Auvergne-Rhône-Alpes region, followed by Île-de-France, where Paris can be found.

2. Spain

85.17 million visitors ($92 billion USD in receipts)

Spain has seen phenomenal growth in its popularity as a tourist spot, with the Spanish Statistical Office reporting 5.2 million international tourists in December. This was an increase of 26.2% from the previous December and represented part of the total 18.7% increase for the entire year.

Where were visitors from? The United Kingdom sent the most tourists (907,752 million), followed by France (819,405 million) and Germany (561,521 million). All three countries had more tourists in 2023, with increases of 18% to 23% over 2022.

Spain is known for its lovely year-round weather, which may be why so many flock to its warm temps when other places turn cold. More visitors came in January than other months, and June was the least popular.

3. United States of America

66.48 million visitors ($175.9 USD in receipts)

While the U.S. is at number three on this list, the post-pandemic recovery it’s seeing lags a bit behind other countries. The U.S. Travel Association reports international travel volumes at 84% of 2019 levels, with a full recovery expected by 2025.

Visitors to the U.S. spend around $4,000 per visit and add $155 billion to the U.S. economy each year.

Of the countries that send the most tourists, many have exceeded pre-pandemic levels. These include the Caribbean and other countries in the Americas, as well as Europe. Visitors from China and Japan have been reluctant to return after COVID. Both send around half of the tourists they used to, leaving the U.S. economy with four million fewer shoppers to spend their vacation dollars.

4. Italy

57.25 million visitors ($55.9 billion USD in receipts)

Reuters reports that Italy broke records in 2023 with more international tourists visiting the country than domestic travelers. This hadn’t happened since the pandemic.

The influx of visitors created a boon for the hospitality industry, and Italy saw a 13.4% increase in hotel stays. The 134 million registered guests was an all-time high, with 10% more total nights booked in 2023 than in 2022.

However, all the buzz about Italy caused the country to rethink its hottest tourist spots, even limiting the number of hours vacationers could visit and charging for the most popular sites. Venice, for example, has instituted a fee system to move about the city during peak hours; Capri, Linosa, and other locales created an outright ban on cars for everyone but the locals.

5. Turkey

55.16 million visitors ($49.5 billion USD in receipts)

Turkey is known for its amazing scenery and year-round popularity, and over 550 of the country’s beaches were awarded blue flag status in 2023. The voluntary award recognizes beaches and marinas based on several “environmental, educational, safety, and accessibility” standards.

Its geographic location helps it attract tourists from Western Europe, Eastern Europe, and Asia. Of all the places people come to see, Istanbul tops the list. In fact, the city was ranked as the most visited city in the world in 2023.

Each visitor spends around $952 per trip to Turkey, a 27% increase over 2019 (the last year tracked at pre-pandemic levels).

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Laffmattazz: Lagos 3rd Coming Features Star-Studded Lineup with Dbanj Gandoki, Akpororo, Taooma, Seriki Dariya, others

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Laffmattazz: Lagos 3rd Coming Features Star-Studded Lineup with Dbanj Gandoki, Akpororo, Taooma, Seriki Dariya, others

 

Legendary comedian Gbenga Adeyinka is set to host the much-anticipated third edition of his comedy show, Laffmattazz: Lagos 3rd Coming on November 17, 2024. The event will take place at the prestigious Balmoral Convention Center, Victoria Island, Lagos, promising an unforgettable night of laughter and entertainment.

The lineup features a mix of iconic comedians and musicians, including Omobaba No.1, Gandoki, Dr. Smile, Bash, Queen Salawa Abeni, Reminisce, and a host of surprise acts, with D’Banj headlining the show.

Gbenga Adeyinka remarked, “Laffmattazz: Lagos 3rd Coming will be the biggest comedy show of the year! We’ve curated an incredible roster of iconic headliners, and I’m excited to bring this level of entertainment to Lagos.”

Laffmattazz has cemented its place as a leading comedy brand, showcasing Nigeria’s finest comedic talent. This year’s event is poised to outdo its predecessors, featuring performances from Akpororo, Forever, Seriki Dariya, Princephelar, Dee One, Taooma, Baba Alariya, Madiba of Comedy, ATM, and more.

The night will also include musical performances by Tee Famous, The Countryman, Dami Cruz, and others, with DJ Wiki spinning on the decks.

Event Details:
– Date: Sunday, November 17, 2024
– Time: Red Carpet (3:00 PM), Show Start (5:00 PM)
– Venue: Balmoral Convention Center, Victoria Island, Lagos

Ticket Information:
– Regular: ₦7,000
– VIP: ₦20,000
– Table of 8 Gold: ₦1.5 million
– Table of 8 Platinum: ₦3 million

Purchase Tickets at:
1. Ile Iyan by PODs, GRA Ikeja
2. Ofada Boy, Surulere
3. Prince Ebeano Supermarket, Lekki

Online Tickets Available at:
1. Ariiyatickets.com
2. Grandtickets.ng
3. Laffmattazz.ng

For ticket purchases, sponsorships, inquiries, and collaboration opportunities, please contact: (+234) 08156111111.

Brought to you by: Maltina, Goldberg, Ace Roots, Goldberg Black
Supported by: Parralex Bank, Enclave Green Homes, FIRS, Lagos State Government
Media Partners: African Magic, Royal Roots Cinema, Hip TV, Views Channel, Vybz FM, Ibrand TV, Rapid Broadcasting Network, City FM, Jordan FM, Rainbow FM, Mainland FM, Boom Radio, TVC, Kennis FM, Beat FM
Outdoor Partners: Nimbus Media, FPL Media, Folham, Media Crush, Elev8 Media

Stay updated by following Laffmattazz on social media @laffmattazz_ga1st for the latest news and behind-the-scenes content.

Don’t miss this epic comedy event! Secure your tickets now and join the conversation online using #LaffmattazzLagos3rdComing #GbengaAdeyinka.

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We Must Build A Virile Legislature For The Future, Speaker Obasa Says

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We Must Build A Virile Legislature For The Future, Speaker Obasa Says

 

 

Speaker Mudashiru Obasa of the Lagos State House of Assembly, on Sunday, counselled members of the House to strengthen the legislative arm of government ahead of the future.

Dr. Obasa gave the advice in Abeokuta, Ogun State at the opening of a three-day budget retreat for lawmakers and staff of the House with the theme: ‘Optimising the legislature’s power of the Purse’ for effective service delivery in Lagos State’.

The Speaker challenged the lawmakers to be committed in their legislative duties as they must leave lasting legacies for the future, strengthen governance, responsibility and accountability.

He charged the lawmakers on improved and effective legislative oversight functions being one of the responsibilities of the legislature.

“What we do now is really not about us; it is for the totality of the system.

“I appreciate this budget retreat. Each one of us must be responsible in carrying out the assignments we are tasked with. This is very essential.

“We carry out budget scrutiny based on what is presented by the executive. Once we give a go-ahead, it means the executive must comply and treat it accordingly because it has become a law.

“Going forward, all the reports of each committee must be presented at the floor of the House. This will help us decide on how to act for the sake of transparency and accountability,” the Speaker said.

He advised the lawmakers against docility in the task of ensuring that Lagos continues to weather economic storms.

“We all have roles to play and, in doing that, sentiments and self-benefits must be removed. The day you start with self-benefit, you have become a failure.

“If you do your job the way you should do it, you will earn your respect and will be held in high esteem by the Ministries, Departments and Agencies (MDAs).

“We are here today again to look at how we can improve on the laws we make at the House of Assembly as well as our oversight functions.

‘Let’s continue to be dedicated and loyal and I am sure we will get there. Let’s always straighten the path for Lagosians and those coming behind us,” he urged.

In his opening remark, the Clerk and Head of Service of the House, Barr. Olalekan Onafeko, described the retreat as an avenue to have insights into the state’s budget.

While commending the Speaker, he urged the participants to “be attentive and take home fresh ideas and knowledge.”

 

We Must Build A Virile Legislature For The Future, Speaker Obasa Says

Eromosele Ebhomele
Chief Press Secretary to the Speaker of the Lagos State House of Assembly.

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