Maihomm unveils Ogun apartments

In a bid to democratize property investment, Maihomm Management Limited has unveiled an innovative platform that allows fractional ownership and management of real estate assets.

According to Eni Eniola, founder of Maihomm Real Estate Services, the company’s platform stands out from traditional real estate services by offering investment opportunities in the form of shares or stocks, rather than direct property ownership.

In a statement sent on Sunday, Eniola said, “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 was about $1,000 per share.

“After COVID, this idea of breaking it into pieces came to fruition. And 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.”

He explained that under Maihomm’s management, individuals could start on the property ladder on a fractional basis, receiving monthly rental income proportional to their ownership.

He claimed that Maihomm was the only company offering that service for foreign properties located in the UK, US, and France.

The company is registered in the UK and operates under UK government laws.

“For us, 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 stage of testing. So, we have decided to buy the property, while you rebuy from us in a fractional sense,” he said.

Partnering with FBN Quest as one of the trustees to handle its clientele in Nigeria, Eniola noted that there were two entities registered in the UK: Maihomm Management Limited and Maihomm Trustees.

He noted that the documentation process would be tailored to the specific country where the property is situated, adhering to the local registered documentation requirements.

Enola also revealed that, in addition to providing a hedge against inflation, the rental income generated by the properties offers a attractive return of up to 21% per annum, with the added benefit of being denominated in foreign exchange.

“Once you buy into the property, within 60 to 90 days, you are already making money from it.

“Gain a 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 when abroad for study, training, international certifications, or a simple vacation,” Eniola added.