An innovative, fractional real estate management company, Maihomm Management Limited, has offered Nigerians, the first of its kind unique form of real estate experience.
In the words of its founder, Eni Eniola, an investment banker, Maihomm real estate services is different from the regular real estate activities that we are all used to.
“We deal with fractional real estate in the sense that we don’t sell full properties, we break things down. This idea came from the selling of stocks. At one point, nobody could buy Microsoft or Apple shares because it is about $1,000 per share.
“But after COVID, this idea of breaking it into pieces came into fruition. Now, you can buy Apple shares for $5 just to be a part of it. That is what gave birth to the word fractional when it comes to investment. Now we are adding that to the real estate sector.”
Eniola explained that people can get on the property ladder not by fully owning a place but by starting on a fractional basis under Maihomm management, with a monthly rental income depending on your ownership.
For now, he disclosed that Maihomm is the only company doing it when it comes to foreign properties located in the UK, US, and France. The company, which is said to be registered in the UK, operates under the UK government laws.
“For us, most of these things focusing abroad is for you to know that the incremental value of your investment and property can be tracked. Our job is to seek out properties in locations that would give you good returns.”
“Trust is the biggest problem here. And I can say that right now, we have passed the testing stage. So, we have to decide to buy the properties while you rebuy from us in a fractional sense.”
While partnering with FBN Quest as one of the trustees to handle their clientele in Nigeria, the investment banker noted that there are two entities registered in the UK, Maihomm Management Limited and Maihomm Trustees. He explained that every documentation will be based on the country of purchase registered documentation processes.
Furthermore, he disclosed that in addition to protecting your cash against inflation, the rental income which is up to 21 per cent per annum is in foreign exchange. Once you buy into the property, he remarked, within 60 and 90 days, you are already making money from it.
“Gain the key advantage in your international administrative affairs with a foreign property Deed of Assignment and Trust Deeds legally confirming the ownership of your assets. These can be used to fortify visa applications, international business affairs, credit status and other legal requirements.
“With habitable days, have somewhere to stay abroad for study, training, international certifications or a simple vacation.”
