TOP MISTAKES LANDLORDS MAKE (AND HOW TO AVOID THEM)
By Epangha Peace • 7/31/2025
Being a landlord is easier when you do it smartly. Avoid these mistakes and use platforms like HomXe to simplify tenant management, agreements, and property upkeep without all the drama.
Renting out property in Nigeria can be a great source of income but it’s not as simple as “collecting rent and chilling.” Many landlords unknowingly make costly mistakes that lead to bad tenants, empty units, or even legal trouble. Here are the biggest missteps and how to avoid them:
1. Overpricing the Rent
The Mistake: Setting a high rent just to maximize profit.
Fix It: Research similar properties in your area or use HomXe’s pricing tools. Reasonable rent brings better, longer-term tenants.
2. Skipping Proper Screening
The Mistake: Accepting any tenant who can pay the first rent.
Fix It: Always verify employment, identity, and rental history. HomXe pre-screens tenants to save you stress and protect your investment.
3. Not Having a Written Agreement
The Mistake: Relying on verbal promises or WhatsApp messages.
Fix It: Use a clear, written tenancy agreement. HomXe provides digital lease templates that are simple, fair, and legally sound.
4. Charging Excessive Hidden Fees
The Mistake: Adding random charges 10% service fee here, 15% cleaning fee there.
Fix It: Be transparent and fair. HomXe discourages exploitative fees, helping you build trust with tenants and reduce turnover.
5. Delaying Maintenance
The Mistake: Ignoring complaints or delaying repairs until “next month.”
Fix It: Quick responses = happy tenants. HomXe connects you with trusted service providers so you’re never scrambling for a plumber or electrician.
🔗 Join HomXe’s waitlist and house-hunt the smart way.
Or join our growing community of landlords who want rent without stress.