Property Management Hints and Tips from Japan

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Room Vacancy Solution – Installation of Popular Room Features

2019’s most desired room features chosen by tenants was published by the national rental housing news in October 2019.   Features that contribute to rent increase   Necessary features in recruiting tenants   Every year, a survey regarding tenants’ needs is conducted among management companies and real estate agencies. 365 companies participated in this year’s survey on ”features that contribute to rent increase” and ”necessary features in recruiting tenants”. Free Internet Access is the Key to differentiate your apartment The number one feature that contributes to rent increase is free internet access on both single and family-type properties. Free Internet …

Tenant-Satisfaction and Apartment’s Appearance – 24 Hour Accessible Disposal

Customers check not only the room, but also the common area of an apartment. According to the latest edition of tenant-satisfaction survey conducted by Recruit Sumai Company, more than half of the participants stated that they look at the condition of the common area when renting an apartment. Among the above participants, 84% of them answered that they take into consideration of the disposal station in the process of renting. The condition of the common area reflects how well a property management company is doing their job. Regardless of how nice a room can be, an unhygienic and faul smelled …

Hazard Map and Real Estate Investment

Japan is a hazard vulnerable zone. Every year, Japan gets hit by numerous natural disasters such as earthquakes, cyclones, typhoons, floods, and even volcanic eruptions. Depending on the area, the destruction of natural disasters can be more severe than that of other area. Hazard Map by Japan Government The Ministry of Land, Infrastructure and Transport has published a map showing area that are under the risk of floods, mudslides, and tsunami. This map also shows at what level the area is at risk of the above natural disasters. Below are maps showing areas near Tokyo that are under the risk …

Interior-Coordinator – Using Colors to Showcase your Apartment

Have you heard of ”Interior-Coordinator”? Interior Coordinator is a professional who uses various forms of decoration such as furniture and lighting to create an aesthetically pleasing living space. While this qualification is not required in property management, the knowledge of interior design can come in handy when considering the operation of furnished rental apartments and lowering vacancy rate with home staging. Moreover, this is significatly crucial in the case of renovation. Make your property more appealing by home staging We all know the importance of first impression. It is proven that 83% of people’s first impression is determined by what they …

Solution to Limited Storage

Storage is one of the most important factors being considered when looking for housing. Renovating a Japanese-styled wardrobe into modern closet, installing shelves and organizers to make storage more useful are ways to improve apartments’ value. However, for rooms that are too small or with unique shapes preventing them from installing storage space can consider placing storage ”outside”. Japanese Style Closet Modern Closet   Rental Storage at Common Area Following the rules of land-to-building ratio, it is possible to utilize the empty space in your property to install ”rental storage”. For instance, it costs 500,000JPY to install five 1 m2 storage. …

OYO Life – New Style of Renting in Japan

Renting a room in Japan could be time-consuming and frustrating sometimes. The rental process of room-searching to actually moving-in could take as long as a month in most cases. To make the rental process more convenient, OYO Life has launched its business in Japan in 2019. Hassle-free Rental OYO Life provides furnished-rooms with a hassle-free rental process. As some of you may have already known, OYO Life was first established in India in 2013 and later in China in 2017. Up to date, OYO Life is operating 450,000 units around the world including Japan. While conditions might differ among countries, in …

Problem Prevention & Profit Boosting Management Techniques – Organizing Bicycle-Parking

Is the Bicycle-Parking in Everyone’s Property Organized? Bicycle-parking is often located in the front of the apartment near the entrance. Abandoned bicycles can affect the image of the property in a negative way. Moreover, disorganized bicycles fall easily and can cause damage to bicycles nearby leading to neighbor disputes. Problem Prevention and Profit from Parking Fee There are two benefits in organizing bicycle parking – one is to prevent neighbor disputes. In case bicycles fall and damage nearby bicycles, not only does this lead to arguments between tenants, owner and property management company are also at fault as the responsibility to maintain …

Miyako Island – the Next Up-and-Coming City for Real Estate Investment

Miyako Island is part of Okinawa Prefecture that is located Southwest of Okinawa and East of Taiwan. It has an area of 158.87  km2  and a population of approximately 51,000 people. In Miyako Island, you can find stunning coastal line and extraordinary ocean view. With that being said, inbound tourism has been increasing in the past few years and the demand of hotels and housing has also increased correspondingly. Airport In Miyako Island In 2017, Mitsubishi Real Estate Services Co., Ltd. (refer to Mitsubishi below) started a renovation project on Shimoji Airtport in Miyako Island to stimulate the tourism industry. Shimoji …