The real estate business in Nigeria, particularly the housing and property markets, has become extremely profitable in recent years. With the rise in tech jobs leading to individuals having a higher disposable income to pay for housing (a recent study by Professions(dot)ng noted that the number of workers from home increased in Nigeria after 2020, and this led to people willing to pay higher for comfortable housing). Right now, the property market is a seller’s market, and landlords have a chance to smile to the bank more than they ever had at any other point in Nigeria’s history.
Unfortunately, landlords have not been able to realize full value on their properties due to several factors, such as, maintenance issues, and tenants who knowingly or unknowingly mismanage the property and bring down its value. For example, it is common for a Nigerian landlord to build a rental property in a different city from where they live and not be able to monitor the house as they should. This leads to renters taking advantage of the lack of monitoring to mismanage the property and damage the utilities, which in turn causes even more expenses for the landlord in the short and long term. It gets even worse with landlords that have more than one property, as all these issues ensure that they are forever embroiled in a cycle of spending money to renovate one property after another.
Enter PropHandler, a tech platform that is changing the game for busy property owners and ensuring a smoother communication process between landlords, estate agents and tenants. With its user-friendly interface and experience, PropHandler makes your house management easier. Whether it is building a good rapport with your tenants, or tracking maintenance issues within the property, you cannot do much better than PropHandler if you want a hassle-free experience. Prop handler can even automate basic house rental functions like generating invoices for rent and notifying your tenants about house policy changes.
If you are a landlord who has more than one property, you will find Prophandler especially useful because it allows you to keep all your properties in one portfolio, which makes monitoring them a lot easier. PropHandler will use data to create easy-to-understand valuable insights on your properties through powerful analytics, which will in turn help you make better decisions that make your properties more desirable and allow them to earn more for you. Whether your properties are of the same type or of different types, PropHandler will automate the process for you and ensure that you get the required material and emotional return on investment on your properties.
If you are an estate manager, Prophandler is game changer for you. The software allows you to keep track of the properties in your care and better manage them. You can even seamlessly manage multiple properties for the same person or multiple people. Better still you can manage different kinds of real estate property.
There is no doubt that technology is changing the housing market. The generation that grew up on the internet is now old enough to rent homes, and as a property owner, you cannot afford to be left in the past. The more you are able to automate your property management process, the more desirable your property will be to a generation that does not want to go through the hassle of renting the traditional way.
Ready to find out more about PropHandler? Go on our website to start your journey to bliss on your real estate property.
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