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What is the Kenyan dream?
Ryko
#11 Posted : Thursday, September 27, 2018 1:44:54 PM
Rank: Member

Joined: 5/27/2016
Posts: 274
Location: Pub
MugundaMan wrote:
wukan wrote:
MugundaMan wrote:
Kate_Mbarire wrote:
A good balance of both career and motherhood for the wife Ability to support retired ageing parents with a good medical cover and activities to keep them busy and provide income Several bedsitters for rent in Ngara Nwest et Al for much needed side income (Wukan do you feel me...) Ability to support several needy kids in shagz with school fees.
Kate_Mbarire, Good ones. What is it with you and Wukan when it comes to bedsitters, thoughsmile? I know the cash flows are very good and they are almost always fully occupied lakini the hassles of managing and maintaining them are something else, at least according to what I have heard. But more power to you both. Everyone has their strategy that works for them.
Laughing out loudly Laughing out loudly cash flow is everything especially in old age. Your kids must provide pesa ya wazee... 99% occupancy while I'm on a cruise to Mauritius and cape town
You know this will be impossible when your tenants...; *JK wa MashiniCut (quarry guy) is blowing up your phone complaining his bedsitter has been broken into and you must hurry back to sort his woes out * Mama Josh is doing the same complaining water to her unit at the top has completely stopped * Ephantus below Mama Josh is complaining a massive leak from Mama Josh's apartment slab is flooding his apartment * Ground floor occupants Omari and Kakwitu are complaining that green seweage is backing up into their house from septic because of karatasis, nappies, weaves and other crazy debris flushed down the drains by upper units. And that septic itself has cracked and is oozing sludge down the hill. * Ochieng on second floor is complaining that his KPLC prepaid meter has been ripped out, he is in darkness at night and you need to come sort *The security guard at the gate is being complained about for taking bribes to allow strange people in who have broken into several apartments * Abdul on second floor is complaining his neighbour Ochieng blasts lingala music (Defao specifically) 24/7 and this is interrupting his prayer schedule The list is endless braddah. With bedsitters you will have no peace so vacays are out of the question! And if you hire someone to manage it that is the worst mistake. You will find the problems have magically doubled times two and of course additional money from the rents is needed in order to sort them, leaving you in the red or barely breaking even. Then there is the issue of resale. Very few people want to touch bedsitter blocks upon resale. They know the landlord is selling because of headaches, or because he knows the SANYS are growling their way towards them soon. Ni hayo maoni yangu tu
@Mugundaman You have forgotten this one Nowadays, if the landlord does not refund deposit, the tenants buy 1 bag of cement at 600 bob, koroga it in a bucket and pour it in the toilet and all major sinks. I hear you have to redo the f***ed up sewer systems on a whole floor Meanwhile, @Wukan will be sailing in Mauritius at 67 yrs old with a slay queen licking the deposit, while Generation Y kids who don't want to buy land are busy cementing his bedsitters drainage coz they cant fork 10M.
I work so I can afford the amount of alcohol required to continue going to work
Kate_Mbarire
#12 Posted : Thursday, September 27, 2018 3:45:09 PM
Rank: New-farer

Joined: 9/4/2018
Posts: 64
Location: Nairobi
sparkly wrote:
MugundaMan wrote:
[quote=Kate_Mbarire] A good balance of both career and motherhood for the wife Ability to support retired ageing parents with a good medical cover and activities to keep them busy and provide income Several bedsitters for rent in Ngara Nwest et Al for much needed side income (Wukan do you feel me...) Ability to support several needy kids in shagz with school fees.
Kate_Mbarire, Good ones.What is it with you and Wukan when it comes to bedsitters, thoughsmile? I know the cash flows are very good and they are almost always fully occupied lakini the hassles of managing and maintaining them are something else, at least according to what I have heard. But more power to you both. Everyone has their strategy that works for them.
Bibi na bwana ♡♡♡♡[/quot Sparkly...I see you are into teasing meLaughing out loudly ....if I was sure you were Male/man would've sent you a bale of high quality mogoka that my granny harvests for top market sale as a peace offering...
Kate_Mbarire
#13 Posted : Thursday, September 27, 2018 3:50:21 PM
Rank: New-farer

Joined: 9/4/2018
Posts: 64
Location: Nairobi
Ryko wrote:
MugundaMan wrote:
wukan wrote:
MugundaMan wrote:
Kate_Mbarire wrote:
A good balance of both career and motherhood for the wife Ability to support retired ageing parents with a good medical cover and activities to keep them busy and provide income Several bedsitters for rent in Ngara Nwest et Al for much needed side income (Wukan do you feel me...) Ability to support several needy kids in shagz with school fees.
Kate_Mbarire, Good ones. What is it with you and Wukan when it comes to bedsitters, thoughsmile? I know the cash flows are very good and they are almost always fully occupied lakini the hassles of managing and maintaining them are something else, at least according to what I have heard. But more power to you both. Everyone has their strategy that works for them.
Laughing out loudly Laughing out loudly cash flow is everything especially in old age. Your kids must provide pesa ya wazee... 99% occupancy while I'm on a cruise to Mauritius and cape town
You know this will be impossible when your tenants...; *JK wa MashiniCut (quarry guy) is blowing up your phone complaining his bedsitter has been broken into and you must hurry back to sort his woes out * Mama Josh is doing the same complaining water to her unit at the top has completely stopped * Ephantus below Mama Josh is complaining a massive leak from Mama Josh's apartment slab is flooding his apartment * Ground floor occupants Omari and Kakwitu are complaining that green seweage is backing up into their house from septic because of karatasis, nappies, weaves and other crazy debris flushed down the drains by upper units. And that septic itself has cracked and is oozing sludge down the hill. * Ochieng on second floor is complaining that his KPLC prepaid meter has been ripped out, he is in darkness at night and you need to come sort *The security guard at the gate is being complained about for taking bribes to allow strange people in who have broken into several apartments * Abdul on second floor is complaining his neighbour Ochieng blasts lingala music (Defao specifically) 24/7 and this is interrupting his prayer schedule The list is endless braddah. With bedsitters you will have no peace so vacays are out of the question! And if you hire someone to manage it that is the worst mistake. You will find the problems have magically doubled times two and of course additional money from the rents is needed in order to sort them, leaving you in the red or barely breaking even. Then there is the issue of resale. Very few people want to touch bedsitter blocks upon resale. They know the landlord is selling because of headaches, or because he knows the SANYS are growling their way towards them soon. Ni hayo maoni yangu tu
Mugunda Man...your analysis is true and scary...yes these are the headaches you may get with bedsitters. Am adding to my list above .. 5)Maintain a good Emergency fund for one of those days when you need it 6) Establish a good side hustle? eg a thriving bookshop??? 7) Maintain healthy body weight and keep slaying...Ketos here we come! @Mugundaman You have forgotten this one Nowadays, if the landlord does not refund deposit, the tenants buy 1 bag of cement at 600 bob, koroga it in a bucket and pour it in the toilet and all major sinks. I hear you have to redo the f***ed up sewer systems on a whole floor Meanwhile, @Wukan will be sailing in Mauritius at 67 yrs old with a slay queen licking the deposit, while Generation Y kids who don't want to buy land are busy cementing his bedsitters drainage coz they cant fork 10M.
wukan
#14 Posted : Thursday, September 27, 2018 4:42:23 PM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,658
Ryko wrote:
MugundaMan wrote:
wukan wrote:
MugundaMan wrote:
Kate_Mbarire wrote:
A good balance of both career and motherhood for the wife Ability to support retired ageing parents with a good medical cover and activities to keep them busy and provide income Several bedsitters for rent in Ngara Nwest et Al for much needed side income (Wukan do you feel me...) Ability to support several needy kids in shagz with school fees.
Kate_Mbarire, Good ones. What is it with you and Wukan when it comes to bedsitters, thoughsmile? I know the cash flows are very good and they are almost always fully occupied lakini the hassles of managing and maintaining them are something else, at least according to what I have heard. But more power to you both. Everyone has their strategy that works for them.
Laughing out loudly Laughing out loudly cash flow is everything especially in old age. Your kids must provide pesa ya wazee... 99% occupancy while I'm on a cruise to Mauritius and cape town
You know this will be impossible when your tenants...; *JK wa MashiniCut (quarry guy) is blowing up your phone complaining his bedsitter has been broken into and you must hurry back to sort his woes out * Mama Josh is doing the same complaining water to her unit at the top has completely stopped * Ephantus below Mama Josh is complaining a massive leak from Mama Josh's apartment slab is flooding his apartment * Ground floor occupants Omari and Kakwitu are complaining that green seweage is backing up into their house from septic because of karatasis, nappies, weaves and other crazy debris flushed down the drains by upper units. And that septic itself has cracked and is oozing sludge down the hill. * Ochieng on second floor is complaining that his KPLC prepaid meter has been ripped out, he is in darkness at night and you need to come sort *The security guard at the gate is being complained about for taking bribes to allow strange people in who have broken into several apartments * Abdul on second floor is complaining his neighbour Ochieng blasts lingala music (Defao specifically) 24/7 and this is interrupting his prayer schedule The list is endless braddah. With bedsitters you will have no peace so vacays are out of the question! And if you hire someone to manage it that is the worst mistake. You will find the problems have magically doubled times two and of course additional money from the rents is needed in order to sort them, leaving you in the red or barely breaking even. Then there is the issue of resale. Very few people want to touch bedsitter blocks upon resale. They know the landlord is selling because of headaches, or because he knows the SANYS are growling their way towards them soon. Ni hayo maoni yangu tu
@Mugundaman You have forgotten this one Nowadays, if the landlord does not refund deposit, the tenants buy 1 bag of cement at 600 bob, koroga it in a bucket and pour it in the toilet and all major sinks. I hear you have to redo the f***ed up sewer systems on a whole floor Meanwhile, @Wukan will be sailing in Mauritius at 67 yrs old with a slay queen licking the deposit, while Generation Y kids who don't want to buy land are busy cementing his bedsitters drainage coz they cant fork 10M.
I don't do them Githurai bed-sitters. By the time you are doing lifts and pools you won't be targeting reja reja tenants. By the way for rentals i usually require my prospective tenants to have credit score above 700 and 2 referrals and not more than 2 kids.
MugundaMan
#15 Posted : Thursday, September 27, 2018 5:12:19 PM
Rank: Elder

Joined: 1/8/2018
Posts: 2,212
Location: DC (Dustbowl County)
wukan wrote:
Ryko wrote:
MugundaMan wrote:
wukan wrote:
MugundaMan wrote:
Kate_Mbarire wrote:
A good balance of both career and motherhood for the wife Ability to support retired ageing parents with a good medical cover and activities to keep them busy and provide income Several bedsitters for rent in Ngara Nwest et Al for much needed side income (Wukan do you feel me...) Ability to support several needy kids in shagz with school fees.
Kate_Mbarire, Good ones. What is it with you and Wukan when it comes to bedsitters, thoughsmile? I know the cash flows are very good and they are almost always fully occupied lakini the hassles of managing and maintaining them are something else, at least according to what I have heard. But more power to you both. Everyone has their strategy that works for them.
Laughing out loudly Laughing out loudly cash flow is everything especially in old age. Your kids must provide pesa ya wazee... 99% occupancy while I'm on a cruise to Mauritius and cape town
You know this will be impossible when your tenants...; *JK wa MashiniCut (quarry guy) is blowing up your phone complaining his bedsitter has been broken into and you must hurry back to sort his woes out * Mama Josh is doing the same complaining water to her unit at the top has completely stopped * Ephantus below Mama Josh is complaining a massive leak from Mama Josh's apartment slab is flooding his apartment * Ground floor occupants Omari and Kakwitu are complaining that green seweage is backing up into their house from septic because of karatasis, nappies, weaves and other crazy debris flushed down the drains by upper units. And that septic itself has cracked and is oozing sludge down the hill. * Ochieng on second floor is complaining that his KPLC prepaid meter has been ripped out, he is in darkness at night and you need to come sort *The security guard at the gate is being complained about for taking bribes to allow strange people in who have broken into several apartments * Abdul on second floor is complaining his neighbour Ochieng blasts lingala music (Defao specifically) 24/7 and this is interrupting his prayer schedule The list is endless braddah. With bedsitters you will have no peace so vacays are out of the question! And if you hire someone to manage it that is the worst mistake. You will find the problems have magically doubled times two and of course additional money from the rents is needed in order to sort them, leaving you in the red or barely breaking even. Then there is the issue of resale. Very few people want to touch bedsitter blocks upon resale. They know the landlord is selling because of headaches, or because he knows the SANYS are growling their way towards them soon. Ni hayo maoni yangu tu
@Mugundaman You have forgotten this one Nowadays, if the landlord does not refund deposit, the tenants buy 1 bag of cement at 600 bob, koroga it in a bucket and pour it in the toilet and all major sinks. I hear you have to redo the f***ed up sewer systems on a whole floor Meanwhile, @Wukan will be sailing in Mauritius at 67 yrs old with a slay queen licking the deposit, while Generation Y kids who don't want to buy land are busy cementing his bedsitters drainage coz they cant fork 10M.
I don't do them Githurai bed-sitters. By the time you are doing lifts and pools you won't be targeting reja reja tenants. By the way for rentals i usually require my prospective tenants to have credit score above 700 and 2 referrals and not more than 2 kids.
wukan, which person in their right mind with money will rent a bedsitter (with a pool and lift) and pay you Lavington money for it? You will be struggling forever to keep those units filled. Are you in Kenya? Bedsitter in Kenya by definition is for those who cannot afford even a one bedroom apartment. So rents in these units are very low and renting them out is quick. Only shida is the headaches above. I think your idea of bedsitter is a studio apartment like in New York and not the bedsitter we all know about hapa Kiinya.
MugundaMan
#16 Posted : Thursday, September 27, 2018 5:13:58 PM
Rank: Elder

Joined: 1/8/2018
Posts: 2,212
Location: DC (Dustbowl County)
Ryko wrote:
@Mugundaman You have forgotten this one Nowadays, if the landlord does not refund deposit, the tenants buy 1 bag of cement at 600 bob, koroga it in a bucket and pour it in the toilet and all major sinks. I hear you have to redo the f***ed up sewer systems on a whole floor Meanwhile, @Wukan will be sailing in Mauritius at 67 yrs old with a slay queen licking the deposit, while Generation Y kids who don't want to buy land are busy cementing his bedsitters drainage coz they cant fork 10M.
Laughing out loudly That is cruelty of the highest order. I cannot touch bedsitters unless they were given to me free.
muandiwambeu
#17 Posted : Thursday, September 27, 2018 7:00:02 PM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
Ryko wrote:
MugundaMan wrote:
wukan wrote:
MugundaMan wrote:
Kate_Mbarire wrote:
A good balance of both career and motherhood for the wife Ability to support retired ageing parents with a good medical cover and activities to keep them busy and provide income Several bedsitters for rent in Ngara Nwest et Al for much needed side income (Wukan do you feel me...) Ability to support several needy kids in shagz with school fees.
Kate_Mbarire, Good ones. What is it with you and Wukan when it comes to bedsitters, thoughsmile? I know the cash flows are very good and they are almost always fully occupied lakini the hassles of managing and maintaining them are something else, at least according to what I have heard. But more power to you both. Everyone has their strategy that works for them.
Laughing out loudly Laughing out loudly cash flow is everything especially in old age. Your kids must provide pesa ya wazee... 99% occupancy while I'm on a cruise to Mauritius and cape town
You know this will be impossible when your tenants...; *JK wa MashiniCut (quarry guy) is blowing up your phone complaining his bedsitter has been broken into and you must hurry back to sort his woes out * Mama Josh is doing the same complaining water to her unit at the top has completely stopped * Ephantus below Mama Josh is complaining a massive leak from Mama Josh's apartment slab is flooding his apartment * Ground floor occupants Omari and Kakwitu are complaining that green seweage is backing up into their house from septic because of karatasis, nappies, weaves and other crazy debris flushed down the drains by upper units. And that septic itself has cracked and is oozing sludge down the hill. * Ochieng on second floor is complaining that his KPLC prepaid meter has been ripped out, he is in darkness at night and you need to come sort *The security guard at the gate is being complained about for taking bribes to allow strange people in who have broken into several apartments * Abdul on second floor is complaining his neighbour Ochieng blasts lingala music (Defao specifically) 24/7 and this is interrupting his prayer schedule The list is endless braddah. With bedsitters you will have no peace so vacays are out of the question! And if you hire someone to manage it that is the worst mistake. You will find the problems have magically doubled times two and of course additional money from the rents is needed in order to sort them, leaving you in the red or barely breaking even. Then there is the issue of resale. Very few people want to touch bedsitter blocks upon resale. They know the landlord is selling because of headaches, or because he knows the SANYS are growling their way towards them soon. Ni hayo maoni yangu tu
@Mugundaman You have forgotten this one Nowadays, if the landlord does not refund deposit, the tenants buy 1 bag of cement at 600 bob, koroga it in a bucket and pour it in the toilet and all major sinks. I hear you have to redo the f***ed up sewer systems on a whole floor Meanwhile, @Wukan will be sailing in Mauritius at 67 yrs old with a slay queen licking the deposit, while Generation Y kids who don't want to buy land are busy cementing his bedsitters drainage coz they cant fork 10M.
Not possible. Unless in a very idle plot with zero water supply. Ordinary Portland cement slarry can not aggregate in water. Anyway, as you move your personal effects I will be there to inspect my house. Or the caretaker has to. No renting in my house without a tenancy agreement and a signed house inspection report on acceptance and a presigned blank vacation inspection report. No cash payments. Bring the deposit slip na sio ya agent or mobile banking. Nikashindwa kukuvunja shingo before exiting, I will Sharon you otherwise tukutane industrial area kamwana. Nah.
,Behold, a sower went forth to sow;....
MugundaMan
#18 Posted : Thursday, September 27, 2018 7:31:43 PM
Rank: Elder

Joined: 1/8/2018
Posts: 2,212
Location: DC (Dustbowl County)
muandiwambeu wrote:
Not possible. Unless in a very idle plot with zero water supply. Ordinary Portland cement slarry can not aggregate in water. Anyway, as you move your personal effects I will be there to inspect my house. Or the caretaker has to. No renting in my house without a tenancy agreement and a signed house inspection report on acceptance and a presigned blank vacation inspection report. No cash payments. Bring the deposit slip na sio ya agent or mobile banking. Nikashindwa kukuvunja shingo before exiting, I will Sharon you otherwise tukutane industrial area kamwana. Nah.
Laughing out loudly I am not sure wukan would be able to take such measures on his tenants Laughing out loudly (Jokes tu wukan) This thread has made my day.
obiero
#19 Posted : Thursday, September 27, 2018 9:16:18 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,321
Location: nairobi
muandiwambeu wrote:
Ryko wrote:
MugundaMan wrote:
wukan wrote:
MugundaMan wrote:
Kate_Mbarire wrote:
A good balance of both career and motherhood for the wife Ability to support retired ageing parents with a good medical cover and activities to keep them busy and provide income Several bedsitters for rent in Ngara Nwest et Al for much needed side income (Wukan do you feel me...) Ability to support several needy kids in shagz with school fees.
Kate_Mbarire, Good ones. What is it with you and Wukan when it comes to bedsitters, thoughsmile? I know the cash flows are very good and they are almost always fully occupied lakini the hassles of managing and maintaining them are something else, at least according to what I have heard. But more power to you both. Everyone has their strategy that works for them.
Laughing out loudly Laughing out loudly cash flow is everything especially in old age. Your kids must provide pesa ya wazee... 99% occupancy while I'm on a cruise to Mauritius and cape town
You know this will be impossible when your tenants...; *JK wa MashiniCut (quarry guy) is blowing up your phone complaining his bedsitter has been broken into and you must hurry back to sort his woes out * Mama Josh is doing the same complaining water to her unit at the top has completely stopped * Ephantus below Mama Josh is complaining a massive leak from Mama Josh's apartment slab is flooding his apartment * Ground floor occupants Omari and Kakwitu are complaining that green seweage is backing up into their house from septic because of karatasis, nappies, weaves and other crazy debris flushed down the drains by upper units. And that septic itself has cracked and is oozing sludge down the hill. * Ochieng on second floor is complaining that his KPLC prepaid meter has been ripped out, he is in darkness at night and you need to come sort *The security guard at the gate is being complained about for taking bribes to allow strange people in who have broken into several apartments * Abdul on second floor is complaining his neighbour Ochieng blasts lingala music (Defao specifically) 24/7 and this is interrupting his prayer schedule The list is endless braddah. With bedsitters you will have no peace so vacays are out of the question! And if you hire someone to manage it that is the worst mistake. You will find the problems have magically doubled times two and of course additional money from the rents is needed in order to sort them, leaving you in the red or barely breaking even. Then there is the issue of resale. Very few people want to touch bedsitter blocks upon resale. They know the landlord is selling because of headaches, or because he knows the SANYS are growling their way towards them soon. Ni hayo maoni yangu tu
@Mugundaman You have forgotten this one Nowadays, if the landlord does not refund deposit, the tenants buy 1 bag of cement at 600 bob, koroga it in a bucket and pour it in the toilet and all major sinks. I hear you have to redo the f***ed up sewer systems on a whole floor Meanwhile, @Wukan will be sailing in Mauritius at 67 yrs old with a slay queen licking the deposit, while Generation Y kids who don't want to buy land are busy cementing his bedsitters drainage coz they cant fork 10M.
Not possible. Unless in a very idle plot with zero water supply. Ordinary Portland cement slarry can not aggregate in water. Anyway, as you move your personal effects I will be there to inspect my house. Or the caretaker has to. No renting in my house without a tenancy agreement and a signed house inspection report on acceptance and a presigned blank vacation inspection report. No cash payments. Bring the deposit slip na sio ya agent or mobile banking. Nikashindwa kukuvunja shingo before exiting, I will Sharon you otherwise tukutane industrial area kamwana. Nah.
These are scare tactics for prospective property owners, those who actually own real estate will tell you that bedsitters are good income earners.. Of course they will have higher tenancy turnover but overall it's not a bad investment as you would never have an empty unit unlike a three or four bedroom in Kitisuru
COOP, IMH, KEGN, KQ, MTNU
Mike Ock
#20 Posted : Thursday, September 27, 2018 10:17:01 PM
Rank: Member

Joined: 1/22/2015
Posts: 682
Angelica _ann wrote:
some nys like lifetime deal Drool Drool Drool
Then some good investments and a life of debauchery mpaka kifo. Ukweli usemwe.
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