If you’re serious about growing wealth in Lagos, you’ve probably heard about the juicy benefits of a short let apartments especially in booming areas like Lekki. But let’s keep it real: not everyone knows how to tap into it or why it’s working like magic for smart investors right now.
Here is the deal, you can start a shortlet business without buying the house. Hear me out, it’s true that in the long run, buying the house you intend to use has more benefits but while you are waiting for the money to buy the property, you can start by renting out a place first provided your landlord agrees that you can use the property for a short rental business.
Let me quickly open your eyes to the benefits of a shortlet apartment business in Lagos.
1. You Can Make Daily Income (Yes, Daily!)
Shortlet rental for a studio apartment in Lekki Phase One can go for about N50,000 per night. Now imagine that happening 15 times in one month. That’s the magic of a short let apartment business—you don’t have to wait till year-end like regular landlords.
Lekki is a magnet for expats, digital nomads, partygoers, and japa returnees. With its malls, private beaches, and constant events at Landmark and Filmhouse, there’s never a dry season. That means consistent guests, consistent income!
2. You Get Your Money Back Fast
If you buy the property and you decide to do the traditional rental setup, it can take 5–8 years to recover your investment. However, with the shortlet model, you can break even in 2–3 years (sometimes even less if you furnish wisely and pick a prime Lekki spot like Ikate, Osapa, or Lekki Phase 1).
This makes shortlets one of the smartest paths to fast returns in real estate investment in Nigeria today.
3. It’s Flexy Like That
One of the coolest benefits of a short-let apartment? You can use it whenever you want. No long-term tenant to worry about. You can block a weekend for your family or host your cousin from the UK without stress.
Lekki is the kind of place where people always need temporary space. From bridal showers to business retreats, the demand is endless. That means you can make money and enjoy your space too!
4. Your Property Value Keeps Growing
Let’s not forget the real estate investment in Nigeria angle. Lekki is not just a trend; it’s a long-term growth zone. With projects like the Lekki-Epe International Airport, Lekki Deep Sea Port, and ongoing road expansion, land and property prices here don’t sleep.
So even if you don’t start renting out on day one, your apartment is gaining value every single month.
5. You Don’t Need to Break the Bank
You don’t need ₦100 million to start. You can begin small with a mini flat or studio apartment, furnish it tastefully (think modern but cozy), and boom, you’re ready for bookings on Airbnb or Booking.com.
6. Tourists and Japa Returnees Love Lekki
Lekki is Lagos’ own little “abroad.” From restaurants in Lekki Phase 1 to lounges in Chevron Drive, there’s always something happening. That’s why people coming into town always want to stay close by.
Owning a short let apartment here means you’re tapping into a ready-made demand. People are searching daily for affordable, clean, well-located spaces—and you can be the one to offer it!
7. You’re Building a Real Business, Not Just Owning Property
This isn’t just about owning one house. You can scale. Once one apartment starts doing well, you can reinvest, take on more units, and even manage for others.
Before you know it, you’ve built a brand, not just a building. That’s the beauty of the short let apartment business—you’re in control of your income and your growth.
Still Thinking About It?
Okay, so maybe all this talk about Lekki, short lets, and ROI still feels like plenty English. Let’s break it down.
- You can get paid daily instead of waiting all year.
- You’ll make your money back faster than with regular rent.
- You can use your apartment anytime you like.
- The property itself will keep increasing in value.
- You don’t need to be a millionaire to start.
- People are always looking to stay in Lekki.
- You’re not just owning property—you’re building a business.
These are the 7 Powerful Benefits of a Short Let Apartment Business that actually make sense in Lagos.
We’ve shown you why the short-let apartment business works. We’ve explained it like you’re 7. We even told you where to invest (hint: Lekki!).
So, the only smart move left?
👉 Contact Hanuel Homes for a free guide.
We’ll show you where to buy, how to furnish, and how to get your first guest without confusion. This isn’t just advice—it’s the first step to building real wealth through real estate. If you don’t act now, someone else will—and they’ll be cashing out while you’re still “thinking about it.”
Don’t miss this. Let’s help you make it happen. ✨
Contact Hanuel Homes for a free guide—your future self will thank you.
