Q&As on apartment rental business in Japan |
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| The following is a selection of frequently asked questions and answers. Please refer below before sending us your inquiry. |
| About personal fund and fund transfer |
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What is the minimum amount of personal fund I should have to start? |
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The minimum amount depends on the property itself and its location. For one room apartment with loft for 8 households including land would require 55-60 million yen to start, while for sectional ownership of 1 condominium starts from 10 million yen and more. At present, the purchase shall be done by 100% personal fund but if you are considering of purchasing with loan, please consult with us individually. |
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How can I transfer the money to Japan? |
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You can make fund transfer to Japan from Hong Kong bank accounts. Therefore, at the moment, only those who have Hong Kong bank accounts can use this service.
※Please consult and confirm with experts/authorities of related country regarding its overseas property investment policies and foreign currency restrictions. |
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How long does the building last? |
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It is difficult to judge a standard period for all but for wooden building is about 30 years and above, while reinforced building may last 50 years and more, provided that maintenance is indispensable within that period. |
| About apartment rental business |
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Can I participate in apartment rental business in Japan from overseas? |
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Yes, because all administrative tasks such as building management, selection of tenants, room openings and others are operated by us after the contract signing.
We believe that you can trust us with such duties because we have successfully passed Japanese strict screening and audit to become a listed company.
Owners living abroad can take advantage from our sub-lease system that guarantees rental payment even for unoccupied rooms. All they have to do is just accept a fixed amount of rental payment every month. |
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What if I want to sell the apartment? |
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As the property introduced by us are all located at popular areas = high value, it is quite likely that you would find a buyer with a different need, not only those in apartment rental business but also those who are planning to open a parking space or build a bungalow house. |
| About apartment management and tenancy management |
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When the tenants switch, does the process run smoothly? What are the problems that might occur and what kind of support do you offer in such case? |
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Regarding the rental management, we support you in every aspect. Therefore, you will not be bothered with such problems.
As for the rental payment, owners living abroad can use our sub-lease system which guarantees payment for all rooms including those unoccupied. Even in the worst case of rent overdue by the tenant, we will pay the amount to the owner. As such, the owner does not have to worry about rent in arrears. |
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Q&A: Shinoken Apartment Rental Business Company
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