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Dixon Properties LTD, 2nd Floor, Lamb of God Plaza, Aroma Junction, Awka (2026)

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2nd Floor, Lamb Of God Plaza, Aroma Junction

31/01/2019

HOW TO AVOID ANY MISTAKES INVESTING IN REAL ESTATE

Investing in real estate is undoubtedly an investment that is worthwhile. It is not just a great investment choice but also one of the most profitable business ventures that bring about long term wealth creation. Real estate investing is far from being a get-rich-quick scheme rather, it is an investment that can build wealth and provide a legacy for your children.
Regardless of whether you are a novice or a real estate professional, real estate investing requires a good knowledge of the process of investing right. Getting started in real estate investment can be pretty straightforward. This is one of the reasons why successes are recorded right from the start.
Becoming a real estate mogul isn’t a height attained in moments. However, the real estate industry is one that accepts people from all works of life. There is little or no form of barrier to stop anyone at the entry level. Investing in real estate can be both interesting and challenging. However, this is mostly dependent on your approach.
To avoid the slippery slope that can bankruptcy or financial frustration, it is essential to look out for common mistakes when investing in real estate. More importantly, it is best to understand how to avoid these mistakes. This is what sets you above other realtors and investors in the field.
Without further ado, if you are trying to figure out some common mistakes people make when investing. Then this article is for you. We will merely be scratching the surface in letting us in on how to avoid any mistakes investing in real estate.
1. Engage in proper research
The place of engaging in proper research both before investing and doing the investment stage cannot be undermined. Investing in real estate requires having a good knowledge of whatever form of investment you are interested in. As an investor, learning about your property is almost as important as the investment itself.
You need to make a good research on the property you intend to invest in. Having the details of the property will help you in deciding on whether it is worth it or not. It will also help you to compare the prices of other properties. For investors who go into real estate for long term purposes, this will help you to forecast sales like a pro in the future.
As an investor, acting on impulse is a big risk in the business and this may have an adverse effect of the returns you get. There are also certain questions you will need to be able to answer about any property you intend to invest in. Some of these questions to take into considerations include:
What is the neighbourhood like? And what is the fate of the neighbourhood in terms of property appreciation and development?
What is the state of the property at the moment?
Is the property a good fit for a long term investment?
How safe is the property?
2. Stick to a budget and financial plan
As mentioned earlier, becoming a successful investor in real estate isn’t exactly a walk in the park. Every professional real estate investor understands that planning is of vital importance. It goes without saying that in every business you venture into, without planning, there is more than a 95% risk of failing at it.
One of the first things to consider to avoid any mistakes investing in real estate is thoughtful planning. This includes having a budget and a financial plan and more importantly, sticking to them. At the end of the day, it pays to invest time into preparing a solid financial strategy to guide you through the investment process.
To avoid pitfalls, make a logical and consistent budget that your finances can support. Some things to consider include availability of equity and liquid assets to hold the property. Also, avoid over-leveraging as it saves you from future losses. It is advisable to hire a lawyer to walk you through this process.
3. Stay Objective
Staying objective when investing in real estate is imperative. It is important not to get emotionally attached to any real estate property as this will deter your ability to think logically. Having an emotional attachment to a specific property might end up being a trap rather than an enjoyable aspect of investment.
One of the benefits of staying objective is that you avoid the mistake of overpaying for a property. You also get to look at the problems that the property might have and you are saved from ending up with low returns.
4. Be aware of laws and regulations
It is of vital importance to understand the laws, rules and regulation that bind the city, and neighbourhood where your investment property is situated in. To avoid any problems investing in real estate, it is advisable to stay on the safe side in terms of legal and regulatory issues. Take into consideration the tax regulations, housing laws, and discrimination associated with investing in a home or property.
There you go, some of the most important ways to avoid any mistakes investing in real estate. Are you a real estate professional or a newbie in real estate investment? Kindly share your thoughts with other readers.

29/01/2019

How To Forecast Sales Like A Pro In Real Estate

In the real estate industry, being able to forecast sales is one of the things that makes you a professional. This brings us to a point where we want to be able to predict the future of our business. Especially at this time of the year. The truth is being able to correctly forecast sales in your real estate business makes things a lot easier. It also helps you to have a view of what you are aiming for.
Before you can be classified as a professional in real estate or a top real estate agent, you must be able to forecast sales. You should be able to give answers to questions like which prospect will lead to money? How much money are you going to make this year? And so on. A good number of real estate agents cannot determine how much they earn on the average. Much more do not even have a set salary
At this moment, you are probably pondering over the things you didn’t do right. Take a deep breath. As they say, every professional in any field was once an amateur. What makes the difference between you and that top real estate agent is that they have learnt and developed activity-based sales techniques. This is achieved by analyzing the behaviour of their clients, potential clients and of course the real estate market. These factors help you forecast sales like a professional.
To get to the point you desire in your career as a real estate agent requires the willingness to break the norm. This involves looking in the right places and having a keen eye to study the real estate market from time to time. That being said, here are a few tips to help you forecast sales like a pro in real estate.

Data is key
Let’s get something straight if you can’t back your goals up with the appropriate data, then don’t bother looking forward to them. This may sound rather blunt or direct but data is key. Think of this critically, do you think it takes 5 leads to close 5 deals? Definitely not, it takes way more than that as some potential clients will fall by the way and this is business.
This implies that you will need more than the number of leads you intend to close to actually seal the deal. The fact remains, real estate leads as well the data that come with them as important in closing deals. To forecast sales, you need a whole bunch of historical measurement to help you with accuracy.

Market Behaviour
Understanding the rudiments of the real estate market is a major ingredient in the preparing a recipe to forecast sales like a pro. It is nearly impossible to forecast what you do not understand. Just the same way meteorologists have to understand the weather before they can give out their forecast.
Having a good knowledge of the real estate market gives you an edge over the seller or the buyer. It influences and enhances your negotiation and purchasing power. Some factors that affect the real estate market include supply and demand, mortgage rates, interest rate, economy, new constructions, government policies, median home prices.

25/01/2019

3 TIPS TO FOLLOWING UP YOUR REAL ESTATE LEADS

In the real estate industry, the more you are able to convert your real estate leads into clients, the more your fortune increases. Keep this in mind, if real estate follow-up was a race, it is a marathon and not a sprint. This implies that cutting off contact after a short while means you dissolving a relationship that can yield more in due time.
Most real estate agents that all they need to get and keep clients is a good lead generation strategy. However, as we know, there are lots of realtors in the business and you need to prove yourself as valuable before you can hold down a client. As an agent, you should learn to exert the same effort you do on generating leads into following up your real estate leads.
First, every real estate agent knows a primary rule in the real estate bible which says “initial response time is key”. This means that after generating a lead, you are expected to call your real estate lead within the net 15-20minutes. However, this is typically a basic tip in following up your lead.
The truth remains that real estate lead follow up isn’t a quick-sales scheme. It is a process that and the time taken isn’t fixed. More than 60% of leads you contact once may not buy from you for about 3 months. This means there are chances this 60% will eventually buy. This is why real estate lead follow-up is essential.
That being said, the place of keeping proper track of your real estate leads cannot be overemphasized. As a realtor, you are at a major disadvantage if you do not follow up your leads properly. Here are some tips to follow up your real estate leads.

1. Set up a trackable database
Just before you get discouraged, this isn’t exactly the easiest route to turn your leads into full-blown clients. However, it is a basic but important part of the process. In setting up your database, separate your real estate leads into sections and categories. For instance, you should have headings like who wants to buy, buying within 3 months, clients that want to sell etc. This will help you know where the chunk of your clients are and who falls where.
Setting up a trackable datat helps you clean up your contact. In the sense that if you are able to turn this database into a workable list then you are on your way to making some good money. You should also include the times you are to contact these clients.

2. Turn your clients to your friends
This simply means personalize your communication. Try as much as you can to turn your clients into your friends. This way, you earn their trust over time. Your messages and emails should be more friendly and relaxing rather than formal and uptight. Personalizing your messages, emails and conversations generally go beyond just adding the leads first name.
Look at their behaviour. What properties were they looking at? If it’s an older, cold lead, ask them if they’ve made progress on their home search.
`Segment your leads in your database (with detailed tags and categories) so you can send bulk emails/texts while still pinpointing their needs.
Help them decide what to do next. Ex: You’ve taken X action. Are you ready to go ahead and move forward with Y and X?
Be aware of time and location. If you’re sending something close to a holiday (maybe the Superbowl) or a current event, throw in a reference or friendly holiday greeting to give the message a more organic feel.
Double check for “robot language.” Of course, you want to sound professional, but do you sound human? Friendly? Imagine reading the email or text yourself and consider how you would respond.

3. Measure your performance
Organized database? Check. Tailored outreach? Check. Now let’s get to measuring response rates and marketing efforts so you can get a clear picture of what’s working in your follow up strategy and what could use some improvement. You should track everything from phone calls to email campaigns to texts. Everything.
There you go. These are the most important tips you need to follow up your real estate leads. Kindly share your views with other readers.

24/01/2019

Tips To Being A Successful Property Manager

Who is a property manager?
A property manager is someone who is placed in charge of the operation, rental and management of a real estate property. The property manager of a real estate property is responsible for keeping records of the rental agreement and lease information. As well as renting out the property and ensuring it is properly maintained. In some cases, the property owner doubles as the manager. Howbeit, others prefer to hire someone to take care of their properties.
There is a common misconception about the job roles of a property manager and a real estate or rental agent. Although their responsibilities are closely related, their functions differ. A property manager focuses more on renting out properties, managing and attending to whatever damage repair. The real estate is responsible for rental, sales and purchase of properties.
The property manager takes care of the property as a representative of the property owner. They also pay bills, collect money and settle conflicts between tenants. A real estate agent posses more of the negotiation, customer and sales skills. While the property manager mostly works with good customer and communication skills to enable them relay information properly.

Tips To Being A Successful Property Manager
As a property owner, you can decide to manage your property by yourself or employ a property manager to do the work for and take off the weight. Regardless of which you are, here are some easy and important tips to being a successful property manager.
1. Have a good knowledge of your property
This is the same for the sales or promotion of any product or service. As a property manager, it is important to have a grasp of your property. The place of knowing your property inside out cannot be overemphasized. This will help you speak from a knowledgeable perspective when conversing with a tenant or potential client. It makes it easy for you to answer questions thrown at you.
People tend to believe or pay attention to persons who are authorities in their field. As a property manager, if you apply this same perspective to understanding your property then you will be on the winning side. Know about the unique side, qualities and facilities of the property. Also, knowing your property includes knowing the neighbourhood. Most potential clients want to know where the closest shopping malls, banks and other social facilities are located.

2. Expand your knowledge base and get experience
Being a property manager involves wearing different hats at different times. Expanding your knowledge base is very important, as well as getting the experience needed. If you intend to be a full-time property manager then it is advisable to take formal courses in management, business and other related courses. Mentorship is any way of gaining quality knowledge. Learning closely from someone or people who have gone ahead and being successful.
You can also join property managers’ association within your state. In most cases, these associations hold meetings from time to time where they talk about certain issues and answer important questions that are thrown across the table. You could also sign up for webinars, workshops and webinars. Being an effective property manager is a tip for turning real estate into a real fortune.

3. Be Reliable and Available
As a property manager, you need to be available and dependable. This helps you establish trust between you and the people you work with. Learn to respond to emails, messages and calls on time. Be available when a tenant or potential clients need to speak to you. People who manage their time poorly tend to be distrusted and are not taken seriously.
Quality customer service can go a long way in boosting your career as a property manager. You could easily get referred to manage a bigger property or a number of real estate properties. If you have been able to read this article to this point, then you have a hang of the essentials you need to be successful as a property manager. Kindly share your views with other readers.

22/01/2019

GUIDE TO FINDING A HOUSE FOR SALE IN NIGERIA

Becoming a property owner in Nigeria comes with a lot of prestige and of course, buying a house is a decision to be proud of. However, buying a house in Nigeria can be quite a time-consuming activity. Also, it is an expensive investment. The process of finding a house for sale in Nigeria isn’t exactly a walk in the park.
A lot of times, Nigerians abroad as well as those in the country get scared of being duped in the process of buying a house. This is mainly because a good number of persons have been scammed while trying to purchase a house in Nigeria. However, going through the right means when searching for a house for sale in Nigeria can save you a lot.
The truth is in most cases, the issue of being scammed can be traced to the lack of proper information and not understanding the process of buying. Right before going ahead to buy a property in Nigeria, it is important to do your due diligence to avoid being scammed. Although the Nigerian government is working of land and property verification to avoid things like this. However, until then, it is wise to do the needful
That being said, regardless of whether you live in Nigeria or abroad. If you are trying to find a house for sale in Nigeria, then this article is for you. Here’s a guide to finding a house for sale in Nigeria
1. Check out the neighbourhood
This is one of the traditional but effective ways of finding a house for sale in Nigeria. It is always a good idea to check out the neighbourhood where you desire to buy a house in Nigeria. This way, you get to ask questions about the neighbourhood, verify and compare prices. This is one way of finding various houses for sale in different neighbourhoods in the country.
If you aren’t sure of the particular state, district or city where you would want to buy a house and you fancy travelling then this might be a good idea for you. This is because, if you have enough time on your hands, then you tour and search for a house for sale in Nigeria as well.
2. Research using property listing sites
With the advancement of technology and the arrival of the internet, the process of marketing, seller and buying real estate has become a lot easier. This means that wherever you are around the world, you can find out a house for sale in Nigeria in any state or city. Online property listing sites make it easy for you to have qualitative information about properties for sale in Nigeria.
3. Get a trusted real estate agent
In recent times, the question of whether or not real estate will remain relevant with the rising technology keeps coming up. However, let’s face it, the real estate industry is one that has to do with effective communication especially between the realtors and their clients. This is one of the many reasons that affirms the relevance of realtors to this industry.
Getting the help of a trusted real estate agent is always a great relief. This takes most of the weight of home search off your shoulder. All you have to do is engage in proper follow-up and wait for feedback from time to time.

18/01/2019

5 AMAZING FACTS ABOUT SHORT-LETS

A short-let is a property which can be let from a few weeks to a few months. Any kind of property can be on a short-let, from studio apartments to bungalows to ten-bedroom duplexes. Short-lets are usually offered with bills included in the rent. Short-lets are not popular in Nigeria because just a few people know about it, and just a few house owners are willing to be part of it. This may, however, be because they are not well informed about the advantages. Below are a few secrets of why short-lets thrive around the world.
1. Short-term rentals are a winner for owners and tenants
Come to think of it, what benefit do you have from an empty flat without occupants or a serviced apartment you want to sell, still empty – absolutely nothing. So make money from it. You are entitled to cool cash from your apartment by adding almost nothing to it. I am sure you would appreciate the extra income.
Tenants would rather rent a house than spend their hard earned money on a charmless hotel room, where the only means of catering is a kettle and a tea bag. Short-lets cost less compared to hotels.
2. Complete Peace of Mind for the Homeowners and Tenants
The whole thing as hassle-free as possible for the homeowners, and it gives them complete peace of mind. A team of cleaners prepares the property for the tenants’ arrival (fresh linen and towels, wardrobe and fridge space). This continues if it is a serviced apartment. If it is not, the apartment is cleaned again when the tenants leave. And in the meantime, you’re getting someone to keep an eye on your house when you’re not there.
Rental prices are dependent on size, condition, and location of the property. It’s a simple question of how much the owners expect to get and how much the tenants would be prepared to pay and striking a balance between the two, says Guy. A three-bedroom Duplex in Lekki may cost 80,000 per day, while a three-bedroom maisonette in Apapa may cost 80,000 per week.
3. Your Property is rented out almost Exactly as it is
Both homeowners and tenants need to be relatively free-spirited. Your property is rented out almost exactly as it is. You can be imaginative about how many people it sleeps by including sofa beds. Tenants don’t expect it to be perfect – they’re paying much less than they would stay in a hotel, where you have to eat out for at least two meals a day.
4. It is needed for flexible business travel
Travel has changed. People are travelling more, and not just for leisure, employees have become used to flexible business travel with International companies looking to share skills and experience across the globe. When travelling for leisure people are looking to immerse themselves in the culture of the country, wanting to discover the best places no one knows about and when travelling for business, people want space and home-from-home facilities. So everybody wants the home feel, whether on a business travel or for leisure. Let them have it, while you make more money.
5. It is a Cheaper alternative to hotel Accommodation
The simple concept of local hosts renting out their spare rooms to friendly travellers appeals to many and often offers a cheaper alternative to hotel accommodation. The same way a studio apartment or a room mini flat may be a good idea for somebody travelling to Lagos, from Abuja.
The good news is that some serviced apartments offer short let services, so you can enjoy the service of a hotel, in a residential environment and pay far less than a hotel. For me, it is the best alternative to a hotel.
Companies offering short-term lets have worked to make the process as simple as possible, taking care of the whole booking and payment process with just a few clicks. You then also have your very own local host to tap for knowledge on the area so you can find all the best places that aren’t generally in the tour guides on the website. It’s a truly personal way to see a city.
Of course, high-end serviced apartments which also benefit from the attentive service you would expect from a top hotel are available for short lets. Each one-bedroom apartment oozes contemporary design with luxury finishes including cinema-style projector screen, wall mounted speakers, fluffy bathrobes etc. you may never want to go home.

15/01/2019

TIPS FOR TURNING REAL ESTATE INTO REAL FORTUNE.

No matter how you like to look at, investing in real estate is a great way to make a good fortune. This is a good time to purchase real estate and diversify your type of investment. In most cases, people assume is just like other forms of investment such as Stock, Bond and the likes. However, real estate is more of a tangible form of investment. It generates consistent and long-term wealth.
There are different routes you can take when it comes to investing in real estate. It doesn’t always have to do with the conventional, sales or purchasing of residential and commercial real estate. The real estate industry has become one of the amazing ways of making a real fortune. It is also said to be one of the easiest ways to acquire wealth.
However, investing in real estate requires more than just an interest. It requires the right amount of information and more importantly, proper guidance. If this is what you are looking out for, then this is article is right for you. If you successful read this article through till the end, then be sure to have all you need. That being said, here are tips for turning real estate into a real fortune.
1. You can start small
There is a wrong notion that without a huge amount of capital, you cannot invest in real estate. Regardless of what business venture you intend going into, it is alright to start small. In most cases, waiting for a large amount of capital only kills time and zeal. Another good thing about starting small in real estate is that it helps you determine your risk level.
By starting small, you give yourself ample time to learn the ropes of the business before going into it big time. Your first deal may not turn out as the very best, howbeit, consistency and adequate experience make it better over time. As they say, it is safer to make your mistakes as little as possible.
2. Prepare for a larger scale
Let’s face it, one of the primary purposes of venturing into business is to make a profit. It is easy to get discouraged when the profits are not rolling in as fast as you expected. However, as mentioned earlier, consistency is key. But importantly, you need to think big. Regardless of the odds, prepare yourself for a larger scale.
With determination, hard work and the right negotiation skills, you can seal worth over $3,000,000 with less than $600,000. Real estate is about strategy and leverage.
3. The more the deals, the more the profit
Breaking news, ‘’The profit is in the purchase’’. The more deals you close, the more profit you are bound to make. They may not be your biggest deals but just like every other form of sales, turn over matters. It is important to close deals as soon as possible to avoid being stuck with unsellable investment. The real estate market is affected by various factors which can affect how fast you are bound to sell off a property.
The place of mastering the art of negotiation cannot be overemphasized. This will help you close deals faster. To go far in the real estate industry, you will need mentors who have gone ahead to offer advice on how to go about different deals. Remember that attaining success in real estate is all about buying properties but what you do with them you yield maximum profit.
4. Understand the economics and the real estate market
Investing in real estate can be both tricky and dicey. The deals that bring about the big returns are those which you create by yourself. The conventional real estate investment such as buying and holding, investing in publicly traded funds and the rest can only yield a limited profit. However, understanding the economy and how it affects the real estate market makes it easy to spot good profit opportunities.
For buyers, a strong economy gives the confidence to purchase properties regardless of the time of the year or location. Other factors like low-interest rates strike buyers as ‘’a good time to buy’’. Remember that the real estate game is about timing, strategy, leverage and importantly, consistency.
Investing in real estate is by far one of the best decisions to make right now. Whether you intend buying and flipping properties, renting out properties or investing in REITs, it is a great way to make a real fortune. Kindly share your thoughts with other readers.

09/01/2019

HOW TO WRITE AN IDEAL EVICTION LETTER
As a landlord, issuing out an eviction notice also known as quit notice at one point or the other is also unavoidable. It is a needful step to take when you want a tenant to move out of your property. There are some common mistakes which landlords make when writing an eviction letter. This article gives you a step by step guide to writing an ideal quit notice.

What is an Eviction Letter?
An Eviction letter is an official letter written by a property owner (landlord) to the tenant stating that he/she should adhere to the tenancy agreement or move out from the property. An eviction notice is also known as a notice to vacate or quit notice. The notice is served when the landlord and tenant are unable to reach a consensus.
In some cases, the eviction notice may be conditional or unconditional. In cases where it is conditional, the notice is as a result of a breach in the agreement which can be resolved if the tenant complies before the set date. However, when a notice is issued without condition, the tenant is mandated to leave before the set date as he/she can do nothing to avoid the eviction.

When do you need an Eviction Letter?
It is important to understand the conditions when you need to serve an eviction letter to your tenant. As a landlord, before you can serve a termination of tenancy notice, your reasons have to be clear and understandable. It is not uncommon for landlords and tenants to have disputes, either as a result of a misunderstanding in the tenancy agreement.
There are there are times when the notice is avoidable especially when the disagreement can be resolved between them. Perhaps the tenant defaults in payment of rent, paying service fees or fix a damage, there are a series of steps that can be taken to sort it out. There is also an option of issuing out a “pay or quit” which mostly lasts for three to seven days.
However, there are other cases where the property is being out completely or will no longer be used for residential purposes, the tenant is expected to move out. Howbeit, this reason is expected to be stated clearly in the eviction letter.
Writing The Eviction Letter
Issuing an eviction letter is the right step to take after certifying that the tenant should evict the property for clear reasons. It is therefore essential that your letter is as formal as can be and is in accordance with the local and state government’s law. The eviction notice serves as a piece of evidence that the tenant was notified before any further action was taken.
Crafting an eviction letter requires the right amount of patience and the ability to take note of every little detail. Any mistake documented in an eviction letter can have elongate the eviction process, unplanned expenses as well as give your tenant an edge over you. This article provides you with a step by step guide to writing an eviction notice for a tenant.

1. Address the letter to the exact name on the tenancy agreement
This is the foremost step to take in writing an eviction letter. It is important to write from a perspective that is not offensive or threatening. Your letter should be addressed to the individual whose name is written on the tenancy agreement. It is therefore important to have a copy of tenancy documents.
For instance, you can address your tenant this way:

Ademola Olusola,

2. Inform the tenant of the eviction
The next step is to notify the tenant of the eviction. The details of your eviction notice should notify the tenant of the eviction. It is important to convey your message correctly in a way that whoever reads the letter will clearly understand your purpose of writing.

3. Be plain and concise
In trying to be courteous, it is essential that you do not pass the wrong message across. An eviction notice is a formal letter and as such should be treated as one. Your language use and tone when writing should be official as pleasantries are uncalled for in this type of letter.
That is, your letter can simply state this: You are hereby required to evacuate the 4 bedroom apartment you currently occupy no later than 19th October 2018.

4. State the reasons for the eviction
In cases where you want to give the tenant the option of fixing a damage in order to terminate the eviction process. It is important you state the reasons for the eviction and conditions for which the process can be reversed. However, if there is no way of avoiding the eviction, it is also important to state this clearly.
You can continue your letter by including reasons for evicting a tenant such as:
Stealing of personal properties of other tenants
The constant dispute between other neighbours
Damaging valuable items within the premises
Unlawful or illegal use of the property
Failure to pay rent at the agreed time and date
Be sure to include the specific time of eviction
The time period given to the tenant to vacate the property should also be stated clearly. However, the time of eviction differs from state to state. In Lagos State for instance, for an annual tenant, the time of notice is six months.
Therefore, before issuing an eviction notice, you should find out what the tenancy law applies in your state.

5. Ensure to get a copy of the letter
Like every other important document, you should keep a photocopy of the eviction letter for reference as well as to avoid misinformation if the case is taken to court.

6. Serve the notice
All your effort in trying to write a good eviction notice will be wasted if you do not serve the notice to the right person. The best approach is to hand it to the tenant in person or any member of the tenant’s family above the age of 18.
You can also send the notice via an electronic mail or paste it on the tenant’s door as is customary of Nigerian landlord.
If you were able to get to this point, this means you are fully ready to write that notice. You can always go over it a couple of times to make sure you have everything cover. Kindly share your thoughts with us.

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