Owning property in Ghana as a diaspora investor can be incredibly rewarding, both
financially and emotionally. But one common challenge is managing your investment while
living overseas.
From rent collection to maintenance, tenant disputes, and property fraud, there are risks, but
they are entirely manageable. This guide gives diaspora investors step-by-step strategies
to rent and manage property safely, profitably, and remotely.
Prepare Your Property Before Renting
A property that is ready-to-rent attracts reliable tenants faster and reduces long-term
headaches.
Steps to Prepare:
● Ensure legal ownership and title verification.
● Complete all necessary repairs and finishing: plumbing, electrical, paint, roofing.
● Furnish strategically (optional): partially furnished units can attract corporate tenants.
● Take professional photos and create a clear listing.
Tip: A small investment in property presentation significantly increases rentability and
reduces vacancy periods.
Set the Right Rental Price
Pricing too high will leave your property vacant, too low and you lose ROI.
● Research current rental rates in your area (e.g., East Legon, Osu, Tema).
● Factor in maintenance costs, property taxes, and management fees.
● Adjust for furnished vs. unfurnished units, and short-term vs long-term leases.
Example:
A 3-bedroom apartment in East Legon might rent for GHS 6,000–8,000/month unfurnished,
but furnished units can command GHS 10,000–12,000/month.
Choose Reliable Tenants
Tenant vetting is critical. A problematic tenant can damage property, delay rent, or cause
legal headaches.
● Use a formal lease agreement, drafted by a Ghanaian lawyer.
● Check references and background.
● Consider security deposits to cover potential damages.
Tip: Short-term vacation rentals often generate higher income but require more management
than long-term tenants.
Hire a Trusted Property Manager
For diaspora investors, local property management is essential.
Responsibilities of a Property Manager:
● Rent collection and tenant communication
● Coordinating repairs and maintenance
● Marketing vacant units
● Handling tenant disputes legally
How to Choose:
● Check reviews and references
● Confirm licensing or professional registration
● Look for experience with diaspora clients
Tip: Professional managers reduce risk of being cheated and allow you to manage
properties remotely.
Use Technology to Stay Connected
Even from abroad, you can stay informed about your property:
● WhatsApp or email reports for rent collections and maintenance updates
● Google Drive or Dropbox for invoices, contracts, and photos
● Property management software for tenant tracking, payments, and repairs
Tip: Regular digital updates create accountability and minimize misunderstandings.
Protect Your Investment Legally and Financially
● Ensure all lease agreements are signed, notarized, and legally binding.
● Insure your property against fire, flood, or theft.
● Pay your property taxes and local levies on time.
● Have a local lawyer on standby for disputes.
Tip: Legal and financial safeguards prevent losses and help enforce tenant responsibilities.
Monitor Maintenance and Repairs Proactively
Neglecting property maintenance can reduce ROI and cause tenant disputes.
● Schedule periodic inspections (via manager or local representative).
● Set aside 2–5% of annual rental income for repairs.
● Respond promptly to tenant complaints to maintain property value and reputation.
Tip: Well-maintained properties attract higher-quality tenants and higher rental rates.
Avoid Common Diaspora Pitfalls
● Paying contractors or managers without documented receipts
● Ignoring minor repairs until they become major problems
● Not formalizing rental agreements in writing
● Trusting tenants or managers blindly
Tip: Always combine professional oversight with digital verification to avoid fraud and
disputes.
Maximize ROI While Minimizing Stress
● Diversify property types: mix residential and short-term vacation rentals.
● Consider professional cleaning and maintenance services to attract premium tenants.
● Track expenses carefully to measure net income accurately.
Example:
By hiring a local property manager and maintaining the property regularly, a diaspora
investor increased net rental ROI from 8% to 12% within two years.
Renting out and managing property in Ghana from abroad doesn’t have to be stressful or
risky. With:
● Verified tenants
● Trusted property managers
● Legal protections
● Remote monitoring technology
Diaspora investors can enjoy steady income, peace of mind, and a protected long-term
investment.
At Prop-Tis GH, we help diaspora investors:
● Find verified property listings
● Connect with licensed property managers
● Navigate legal and financial requirements
Because your investment deserves to work for you wherever you are in the world.
