Baoriat Real Estate Limited

Property owners in Kenya must pay their Rental Income Tax, but the process is often seen as lengthy and complex. To simplify and make it more transparent, the government has introduced Paybill number 222222 for all government services, including the payment of rental income tax. Lower Tax Rate: The government has reduced the rental income tax rate from 10% to 7.5% on the gross rent received, a change that landlords appreciate. Monthly Rental Income (MRI) Registration: Landlords need to register for Monthly Rental Income (MRI) before submitting their rental income tax. This tax applies to rental income exceeding Ksh280,000 but below Ksh15 million annually. Steps to Register a Property for MRI: Visit www.itax.kra.go.ke . Go to the registration tab and select "Register Property details." Fill in the required details based on the property type. Provide the PIN of a tenant for the property. The system will fill in your details automatically. Enter the necessary information, incl

 Real estate has long been considered the ultimate pathway to wealth creation by financial experts. Whether it's owning a rental home or having a stake in a commercial property, real estate stands out as an avenue to amass tangible assets that grow in value over time while generating immediate income. For those hesitant about real estate investments, here's a breakdown of why it’s a wise choice: Understanding Real Estate Investment Real estate investment involves buying, managing, and either selling or renting out properties for profit. Unlike owning a home primarily for residence, real estate investing centers on creating value and accumulating wealth. Various options exist in this realm:             Residential Properties:  Houses or apartments leased out for rental income.            Commercial Properties: Office spaces or retail buildings rented out to businesses.            Property Flipping: Purchasing undervalued properties, renovating them, and selling at a

Let’s assume you have a quarter piece of land that you want to development and you’re torn between setting up rental houses and venturing into dairy farming – which one would you pick?  From the face of it, many will choose rentals over farming – largely because there is an increasing demand for rental houses – especially in urban areas.  However, this article will show you why opting for rentals over dairy farming would be a huge mistake – investor wise.  An individual that goes for setting up rentals will require to have capital to build those houses – let’s use Ksh10 million.  This means you will need to go and get a bank loan to finance that project. Ksh10 million can do like 10 one bedroom units, including a perimeter wall and other amenities at the plot.  Once complete, as a tenant you say every house is Ksh7,000 per month which brings a total income of Ksh840,000 annualy (assuming all the units will be fully occupied all through the year).  That amount sounds a good income right

Do you what it means for you as a tenant the moment you pay your rent and you are issued a receipt?  Well, if you did not know, allow me to give you a heads-up – what it means under Kenyan Law or any other law globally is that the Landlord is granting you the right to peaceful enjoyment of the property.  Once this is done, you are the one to determine the entrance, usage and safety of the property. You can even sue anyone, including the Landlord for trespass against any trespasser; strangers.  But what of the landlord, is he not the owner of the house? Yes, he/she remains the owner of that flat, unit or house that he/she has rented to you.  The landlord, however, can only supervise and maintain the property generally but must request permission from you as a tenant and within reasonable hours of the day.  Now that you know your rights don't let anyone treat you like a Slave for what you are paying for.  Visit Baoriant agencies to find out if there are any houses available for rent

  WE REMEMBER OUR PAST will be a series of blogs to help remember the history of our town.(ELDORET). Title: History of Pioneer Estate in Eldoret: A Testament to Eldoret's Past Introduction: Pioneer Estate , situated in the vibrant city of Eldoret, Uasin Gishu County, holds a remarkable place in the history of the region. This residential area, established in the early 1940s, is not only one of the oldest in Eldoret but also a testament to the city's colonial past. With its origins rooted in the arrival of white settlers from various parts of the world, Pioneer Estate has evolved into a diverse community that cherishes its historical significance. The Early Days: During the colonial era, Eldoret became a destination for white settlers seeking a new life in Africa. Pioneer Estate owes its name to the South African Boer pioneers who migrated to Eldoret and transformed it into a thriving farming town. These settlers were attracted to the region's fertile soils and favora

It is a dream of every Kenyan to own his/her own house. Today, every person who has some form of employment is looking at ways to save enough to enable them to buy a house – in this case a house in an urban area, not huko ushago. Scroll through the internet and you will not miss one or two people asking how to own a house. Here is a list of 5 tips you can use and be able to generate cash that will enable you to buy your own house, as highlighted by Nation . Car parking lot If you happen to own a piece of land/plot that is near a busy highway or road, you should consider turning it into a parking lot for cars. Target long-distance trucks and matatus for overnight parking – this can easily stimulate more business openings like car-wash, repairs and spare parts shops. With such businesses operating optimally, be sure to generate enough to buy that dream house. Airbnb Another way of making enough money to buy your own house is turning that housing unit you do not use into