Japanese Man Buys 200 Abandoned Homes, Now Earns Over Rs 7 Crore in Rent
Hayato's innovative approach to real estate investment and his unwavering dedication have transformed abandoned homes into a lucrative rental business.
Real EstateAbandoned HomesRenovationRental IncomeCommunity DevelopmentReal EstateJan 25, 2025
His unique approach and strategic mindset have made him a noteworthy figure in the industry.
Hayato's journey began a decade ago when he noticed the growing number of abandoned homes, or 'akiya,' in rural areas of Japan.
These houses, often left behind by ageing populations and younger generations moving to cities, were a hidden gem in the real estate market.
Recognizing the potential, Hayato started acquiring these properties at minimal cost.
Frequently Asked Questions
How did Hayato start his real estate business?
Hayato started by noticing the growing number of abandoned homes, or 'akiya,' in rural areas of Japan. He recognized the potential in these properties and began acquiring them at minimal cost, renovating them, and then offering them for rent.
What challenges did Hayato face in the beginning?
Hayato faced numerous challenges, including properties in a state of disrepair, structural damage, and outdated facilities. However, with the help of a skilled team, he was able to overcome these obstacles and transform the homes.
What is Hayato's current annual rental income?
Hayato's current annual rental income from his portfolio of over 200 renovated homes is an impressive Rs 7 crore.
What is the mission of Nippon Akiya Revival?
The mission of Nippon Akiya Revival is to breathe new life into abandoned properties and create sustainable communities. They offer a range of services, from property acquisition and renovation to property management and tenant placement.
What advice does Hayato offer to aspiring real estate investors?
Hayato advises aspiring real estate investors to start small, be patient, and always focus on the long-term vision. He emphasizes the importance of a strategic mindset and the potential for growth in the real estate market.
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