Estate managers in Lagos, Nigeria are responsible for the day-to-day operations of residential, commercial, and industrial properties. They act as a liaison between tenants, owners, and other stakeholders. Estate managers are responsible for the maintenance and upkeep of the property, as well as the collection of rents and other fees. They are also responsible for ensuring the safety and security of tenants, as well as providing a pleasant living environment.
According Mr. Bamidele Onalaja, Chairman of Real Estate Developers Association of Nigeria – REDAN, Lagos State Chapter, retorted that Lagos in particular has been a center of attraction for real estate investor in Nigeria. He maintained that the growing real estate market in Lagos has posed certain unprecedented challenges, such as inflation, which have led to a spike in the cost of building materials, and the adverse effect of global warming, which has seen a reduction of available land, especially in Lagos State. In proffering solutions to some of the persisting problems around and involving the practitioners of real estate services.
The Special Adviser to the Lagos State Governor on Housing, Toke Benson-Awoyinka retorted at REDAN Second Edition Stakeholders Summit 2022 that “As a form of proactive step, the Lagos State Real Estate Regulatory Authority Law was reviewed and signed by Mr. Governor, Babajide Sanwo-Olu, precisely on Monday, February 7, 2022. “This law mandates the Agency to regulate and register individuals/ organisations operating in real estate business transactions in the state and also maintain a database for real estate practitioners in order to curb reported fraudulent practices in this sector with the purpose of enhancing financial transparency in real estate business transactions and protecting individuals/organisations from fraudulent/sharp practices in the state.
The Role of Estate Managers in Lagos, Nigeria
The role of estate managers in Lagos, Nigeria is to ensure that the property is well maintained and that tenants are happy and safe. They are responsible for the upkeep of the property, the collection of rents and other fees, and the enforcement of any rules and regulations set by the property owner. They also provide a pleasant living environment by ensuring that the property is clean and secure. They are also responsible for dealing with any tenant disputes or issues that may arise.
Qualifications for Estate Managers in Lagos, Nigeria
This is not a universal rule, however, in practice, an Estate manager in Lagos, Nigeria must have a minimum of a high school diploma or equivalent. They must also have experience in property management, as well as knowledge of the local laws and regulations. They must also possess strong interpersonal and communication skills, as well as the ability to handle multiple tasks and prioritize accordingly. They must also be organized and have the ability to think on their feet.
The Benefits of Hiring an Estate Manager in Lagos, Nigeria
Hiring an estate manager in Lagos, Nigeria can provide many benefits to property owners. They can help to ensure that the property is well maintained and that tenants are happy and safe. They can also help to reduce costs by ensuring that all fees and rents are collected on time. They can also help to reduce the stress of managing the property by taking on the responsibility of dealing with tenant disputes or issues that may arise. Estate Managers can help shield property owners and prospective tenants from the horrible experiences of some unscrupulous property agents.
The Challenges of Being an Estate Manager in Lagos, Nigeria
Before we can narrow in on the challenges of Estate Managers in Lagos, it is important we identify the real estate problems in Lagos and Nigeria as a whole. Mr. Kolade Afeez Siyanbola Oladigbolu, MD/CEO of Royal Colony Homes Limited in his article on thisdaynewlive listed 10 Problems of Housing in Nigeria to include Land Use Act, Lack of Infrastructure, Documentation Process, High Cost of Building Materials, Shortcomings of Mortgage Institutions, Rural-Urban Migration/Urbanization, Poor Quality Houses, Dilapidated Condition of Houses, inadequate implementation of planning policies and lack of Enlightenment. The solutions to these problems are not farfetched and can be derived from the directly from the nature of each problem.
In addition to these aforementioned problems, Lagos state has peculiar problems in the area of touting (Omo-Onile a.k.a. land grabbers), exorbitant levies on development and documentation charges, high maintenance costs, varying and diverse interests of tenants, high service fees and charges from third party organizations like LAWMA, Electricity Discos, building collapse, untrained personnel and high cost of quality manpower, slow judicial process on tenancy matters, and widespread fraudulent transactions amongst some practitioners.
An effective Estate manager in Lagos therefore must be able to conduct successful due diligence on land documents and other relevant details on the land, handle multiple tasks and prioritize accordingly. They must also be organized and have the ability to think on their feet. They must also be able to deal with tenant disputes or issues that may arise. Additionally, estate managers must be able to work with a variety of stakeholders, including owners, tenants, and other stakeholders.
Conclusion
Estate managers are responsible for the day-to-day operations of residential, commercial, and industrial properties. They provide many benefits to property owners, such as reducing costs and providing a pleasant living environment. However, they must also be able to handle multiple tasks and prioritize accordingly. They must also be organized and have the ability to think on their feet. Overall, estate managers are an important part of the property management process.
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