By: Lebohang Maluke
MASERU
Mamoabi Mathe, a prominent businesswoman and partner of the Finite Lifestyle Club, has been making waves in the real estate sector with her affordable and secure rental properties in Mafeteng Mats’aneng since 2022.
As the proud owner of a growing rental property portfolio, Mamoabi’s commitment to providing neat, affordable, and safe housing has attracted numerous tenants, making her rental houses highly sought after in the region.
Despite facing a number of challenges, she remains resolute in her mission to improve the living conditions of her tenants while fostering a sense of community.
At the heart of Mamoabi’s business model is a simple yet powerful philosophy: affordable housing is a right, not a privilege.
This philosophy resonates strongly with the local community, many of whom struggle to find safe and affordable accommodation.
“My goal has always been to offer a clean and safe environment for people to live in. I understand how important it is for tenants to feel they are in a secure place,” she adds.
However, managing a rental business in Mafeteng Mats’aneng comes with its own set of challenges. Mamoabi highlights several issues she faces on a daily basis, most notably, the uncertainty of payments.
A significant portion of her tenants are workers who sometimes face sudden job loss, leaving them unable to pay their rent on time. “It’s a difficult situation when your tenants lose their jobs or face sudden economic hardship,” Mamoabi notes. “I understand them, but it is also important to ensure that the business remains sustainable. There are moments when I have to make hard decisions regarding rent payment.”
Mamoabi also has tenants who work in foreign countries, and their rental payments are often delayed as they only send money when they return home after several months. “It can be challenging when payments are delayed for months,” she says.
Additionally, some tenants have taken it upon themselves to start small businesses within the properties without informing Mamoabi, the landlord. While she acknowledges that entrepreneurship is an important avenue for economic empowerment, she also stresses the need for open communication.
Despite these challenges, Mamoabi remains positive and proactive, constantly working to address issues and improve her properties. She continues to engage with tenants to find solutions that work for both parties, highlighting the importance of understanding and mutual respect.
While Mamoabi faces several obstacles in managing her rental properties, there is no doubt that demand for her units is growing. Her reputation for providing affordable, secure, and well-maintained homes has made her rental houses highly desirable. More people are seeking to live in her properties, and she has plans to expand her portfolio to accommodate this demand. There is a constant flow of inquiries from people who are looking for a place to stay.
Mamoabi is also dedicated to supporting the Finite Lifestyle Club members, a network of individuals working toward financial independence and lifestyle improvement. As a member of the club, she extends a special offer to fellow Finite members — a discount on rental fees for those who join her community of tenants.
This gesture aligns with her values of empowering individuals and providing opportunities for personal and financial growth. Mamoabi sees her rental properties as more than just a business — they are a tool for building stronger communities and offering stability to those who need it the most.
Looking to the future, Mamoabi is optimistic about the growth and success of her rental business. She plans to expand her properties further to meet the increasing demand for affordable housing, while continuing to build strong relationships with her tenants and the community.
With her commitment to providing safe, affordable, and clean housing, as well as her dedication to the Finite Lifestyle Club members by offering discounts, Mamoabi is well on her way to becoming a key player in the Mafeteng Mats’aneng real estate market. Her vision of empowering the community through affordable housing, security, and opportunities for growth is something that resonates with her tenants and the broader community, ensuring that she will continue to thrive in her business endeavors for years to come.