As a traveller, there is a very high probability of staying in a short let apartment or hearing about short-stay homes in the past. You ever wondered how AirBnB became a well-known organization for many international travellers? The answer is quite simple. They had a unique business model that connected homeowners in different cities to individuals and travellers that need a home for a short stay.

Furthermore, as the trend increases, many homeowners and investors in Nigeria are now beginning to see the advantage of owning a short let apartment.

Investing in a short let apartment guarantees a consistent income from owned properties with the privilege to sell if need be

Now, let us delve into the benefits of owning a short let home in Nigeria.

Advantages of Investing in Short Let Apartments

1. High-income potential or Income from Apartment Renters

   The most significant benefit of owning a rental property is that the renters provide a direct income stream. There is no limit to how much money one can earn from owning a short let home; depending on the season and time of the year, a three-bedroom duplex can fetch the owner as high as N150,000/ day, and that is being modest.

2. Income from Property Value Growth
   

   There is a massive gain from an increase in the property value over time due to changing demands in the area; even if the property does not undergo any changes, the value may rise significantly over a few years.

3. Sweat Equity
   

   This entails repainting the home, adding new siding, refinishing the inside, doing some basic landscaping to the yard, and it will add value to the house without high financial cost. Not only will this allow a charge more for rent, but it will also increase the value of the property itself should the investor choose to sell it in the future.
   

4. Flexibility in Short let Tenancy

   Since it is a short let apartment, the owner reserves the right to dictate the duration of stay for each occupant, thereby controlling income and tenancy.

5. Steady Cash Flow
   

   In major business and relaxation hubs in Nigeria, short let homes tend to house guests regularly since many business owners and families that travel for relaxation or business prefer to stay in a home that gives them privacy over a cramped hotel room.

6. Leverage
   

   Like every other property, a short let home offers the owner leverage on tax and bank loans. Investors can still use their home as collateral to get a loan for business or investments.
   

7. Value Appreciation
   

   There is better value appreciation with a short let apartment; the rental value can quickly serve as capital for other businesses within a short period while turnover increases.

We can help in making the dream of owning an apartment for a short let possible.