Customer testimonialsCustomer’s voice
OWNER INTERVIEW One-building investment example Interview with an owner: Mr. O who purchased "EL FARO"
The deciding factor for the purchase was the convenient location in central Tokyo.
Invest in an entire property and leave management to us.
- profile
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He has been an owner for about 40 years since taking over the real estate business from his father.
He currently owns five rental properties and has incorporated his business. He previously worked for a telecommunications company.
The real estate appraisal methods and balance sheet reading he learned during that time working on the company's asset utilization business are still useful to him in his management today.
- Property Overview
- Property name: EL FARO Otsuka
Location: Toshima-ku Tokyo
Access: 6 minutes walk from JR Yamanote Line "Otsuka" Station
Structure and floors: 4-story reinforced concrete structure
Number of units: 14
Floor plan: 1K, 1LDK
Conveniently located just 6 minutes walk from the Yamanote Line station
The deciding factor is the size and facilities
Mr. O purchased "EL FARO Otsuka" in April 2022. "EL FARO" is a reinforced concrete apartment building developed by our company in a carefully selected location within Tokyo's 23 wards, within a 10-minute walk from the station.
The basic structure is four stories tall, and by not having an elevator, the initial investment is kept low, running costs are also reduced, and this popular series has achieved a high return on investment. The deciding factor for Mr. O in purchasing "EL FARO" was its convenient location, just a six-minute walk from Otsuka Station, the next station to Ikebukuro Station.
"I was attracted by the location, just a six-minute walk from Otsuka Station on the JR Yamanote Line. There are plenty of commercial facilities in the area, but there are plans for redevelopment, so it was also attractive that the area is expected to grow in the future," Mr. O recalls of the time of the purchase. Mr. O currently owns five rental properties, and has a long history of ownership of about 40 years, beginning with a tenant building in front of a certain Yamanote Line station. After selling that building, he has repeatedly bought and sold investment properties, leading to the present day.
Our relationship with them began when we purchased a property that they had sold about three years ago. Thanks to that connection, we introduced them to "EL FARO Otsuka" in early 2022, and they immediately signed a contract.
"I also liked the bright exterior design. I was shown all the vacant rooms, and they were all fully equipped and, most importantly, spacious. I wanted my tenants to live in spacious areas, so this was appealing to me," said Mr. O.
We spoke with the owner, Mr. O (right).
The bright exterior design was also well-received by Mr. O.
The illumination after dark is also impressive.
The white-based materials give the room a clean feel, and it comes with a variety of storage spaces, including a spacious walk-in closet.
In addition, each unit has built-in Wi-Fi, which residents can use free of charge.
The colorful Spanish-style tiles on the floor make for a visually stunning entrance.
It also comes equipped with a delivery box, which is now indispensable.
Women can feel safe with security cameras and double-locked entrances
We have established a secure environment.
In addition to the kitchen, the interior facilities are equipped with ideas from a female perspective.
The separate sink and bathroom are of the same specifications as those of a condominium.
Management and recruitment are handled by our group company, Meiho Properties, so you can rest assured
Mr. O was also very satisfied with our customer service after his purchase.
"I like the fact that they don't just sell the property and leave it at that. Meiho Properties handles all of their requests with strict detail, submitting detailed statements and reports, and they quickly consider our requests and give us reliable answers. In fact, I had a bad experience with a room in a tenant building I previously owned, where someone moved in illegally and moved out without permission due to poor management, so I know firsthand the importance of management.
"I feel I can trust Meiho Properties, even if the property is far away from home. I expect Meiho to continue to provide high-quality properties in good locations. I would definitely consider building a second or third EL FARO," he said, receiving this delightful comment.
Our company philosophy is "lifelong relationships." We do not believe that our relationship with owners ends after the sale, and we have a system in place to provide long-term support to them regarding investment plans, taxes, inheritance, and other consultations.
In addition, our group company, Meiho Properties will be responsible for management and tenant recruitment. We manage approximately 3,800 units, mainly in Tokyo, and have a wealth of experience and know-how, so you can leave it to us with peace of mind.
In addition to its excellent location, EL FARO also has a solid management system. This product allows owners not only in the Tokyo metropolitan area, but also those living far away to invest with peace of mind. If you are interested in real estate management in the Tokyo area, please feel free to contact us.
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