What to do when renting a house – Samuel Folusho, MD, Samitheo

Real estate expert and Founder and Chief Executive Officer of Samitheo Network Company, a real estate company, Samuel O. Folusho has given some tips on what to look out for when renting or buying a property. According to him in a recent interview he said many take the move for granted and fail to undertake certain measures for their safety and comfort.

He said factors such as “ Location; availability of electricity; water supply; cost and security” should be considered. He also advised that one should consider an estate over open street.

“The reason is simple: estates provide land security and also conduct transactions within the confines of the law,” he said.

He also observed that more and more real estate companies are expected to spring up in Lagos and Nigeria at large as people continue to realize that assets appreciate over time.

“Real estate is more than just a business. Investment in real estate is what helps the company to thrive after a long period,” he said.

His company, Samitheo Network Company has made sales and procurement of landed properties for some of their clients and currently has many properties for sale.

Samuel O Folusho who hails from Modakeke local area of Osun State, Nigeria incorporated his real estate company, Samitheo Network Company in 2016 under the Companies and Allied Matters Act of 1990 of the Nigerian Corporate Affairs Commission.

He was born August 8, 1993. He is an alumnus of the University of Lagos with a BSC degree in business administration.

His company, Samitheo Network Company operates from Lekki, Ajah axis in Eti-Osa local government area of Lagos.

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