00:00:00: It's two hotels in two houses.

00:00:02: Yeah, come on.

00:00:02: what do you like?

00:00:03: if you think that's gonna be easy?

00:00:04: If I remember correctly it's twenty four thousand square meters the top cabin or the top villa.

00:00:09: dude That thing is ready to go.

00:00:10: yeah Like right now awesome kitchen huge open space like beautiful lofted ceiling.

00:00:16: Walking around You probably saw The state of the place there.

00:00:19: some stuff that needs work there.

00:00:20: Right this Is not a turnkey project.

00:00:22: its actually hooked up To two separate on-send systems.

00:00:25: Right,

00:00:26: right.

00:00:26: And so Mai has piping from one Onsen community and Kanien is piping for another onsen...

00:00:32: That's interesting!

00:00:33: You can find beauty in Japan if you just dust

00:00:37: it off.

00:00:53: Either folks are welcome or welcome back to Nippon Trading International's Japan Real Estate Podcast.

00:00:59: I'm your host, Ziv Nakajima again and this podcast is brought to you among others by Emil Gorgies of realestate.jp.

00:01:06: He's a Tokyo Real Estate agent who specializes in serving international or mixed nationality families Who are looking for the perfect family home.

00:01:14: So, Emile is an Australian.

00:01:15: He's been living here in Japan for over two decades now and for about half of that time he has been buying selling and managing real estate properties... ...in Tokyo on behalf his own family and a great many happy clients And also acts as the mortgage broker on behalf of this client.

00:01:30: so it got dedicated loan officers.. ..and many Japanese mega banks.

00:01:34: And if you're a regular listener of the podcast, You probably already know him from our JREP The Japan Real Estate Experts Panel Sessions.

00:01:41: Which means that your all ready aware of fact That the man is an absolute fountain of wisdom on All things related to real estate in japan and In particular to family homes ,the greater Tokyo metropolitan area and mortgages.

00:01:55: Most importantly he's incredibly generous with his time and advice which Is more than happy To provide at no cost or commitment to anyone asking.

00:02:03: so thinking about buying your home in Tokyo, but you've been sitting on the fence for a while.

00:02:07: or And

00:02:23: as you know, if your regular listener of the podcast we don't really tend to talk about properties that our clients might be selling here because it's basically an informational resource and definitely not a sales or marketing channel for us.

00:02:36: When our clients do want to sell their properties for whatever reason, we do that via normal standard market channels.

00:02:42: So if it's a good investment or really attractive property for any other purpose like are really well located and priced holiday home with an interesting profile will normally first float into our clients who are waiting to purchase in looking for something similar.

00:02:56: Or If the property has become less Attractive over time For Whatever Reason?

00:02:59: Or if none of Our existing Clients Are In The Market Then We'll Simply List It On The Open Market.

00:03:05: And this is really the only way that we normally handle sales of client properties.

00:03:10: I only ever really diverge from that policy in very rare cases, you can actually think two such cases in the nine years that this podcast has been running, and that would only happen if I think the property has something unique about it.

00:03:24: That might hold interest for listeners either because of showcases is something particularly interesting from a content perspective or because i think its rare invaluable opportunity.

00:03:34: more people should be aware.

00:03:36: so today im pretty

00:03:37: excited to report.

00:03:38: ive got one actually takes both these boxes as well some other boxes one of those super rare diamond in the rough kind of properties that people often think about when they picture

00:03:49: that dream

00:03:51: Japanese real estate.

00:03:52: and we're not talking about any run-of-the-mill holiday home, family home investment property either.

00:03:57: We are talking fully pledged resort.

00:04:00: so an onsen gyokan japanese traditional inn or

00:04:03: hotel

00:04:04: with real natural hot spring water supply running to it... And When I say IT!

00:04:08: ...we talk two hotels both situated on the same land parcel right next to each other, with thirty guest rooms in total between the two of them plus.

00:04:18: as if that wasn't enough.

00:04:20: Two fully self-contained houses separate to that.

00:04:23: whether you want to call them single family homes or glorified cabins whichever... That can be occupied by individuals or groups or families and they're also located On The Same Plot Of Land which is pretty large.

00:04:37: All of these together are nestled in spectacular nature, right up on the Nagano Highlands.

00:04:43: Short drive from Matsumoto City and then equally short drop probably a lot less actually to the ski slopes.

00:04:50: Now you'll hear about price, layout features & everything else that want know about shortly.

00:04:55: but before we dive into it I will point out if your turning via podcast meaning audio only this is Probably one of those episodes that you really want to hope over

00:05:06: to a

00:05:06: YouTube channel or Facebook page for instead where You can actually watch the video.

00:05:12: and The reason for that is that we got together with our good old friend Of the podcast long time jrep, and Japan real estate summit speaker oji Akiya hunter And wizard of rural rejuvenation Matt Ketchum from Akia's.

00:05:25: We asked Matt to go up there with his trusty camera and drone, review the property top-to-bottom.

00:05:31: And there's a whole lot to review there!

00:05:32: Should some footage go over the documentation?

00:05:35: And work is magic meaning get creative check out what can be done with

00:05:39: it because

00:05:40: really as awesome as owning an onsen resort in the Nagano Highlands can be...and that's definitely one of the options probably the easiest one ...that whoever buys this would be able to accomplish.

00:05:49: with this property.

00:05:51: There is much more than could potentially have been done.

00:05:55: And so Matt went up there, came back with a few DS cards full of videos photos both ground and aerial footage some commentary.

00:06:02: A full report in ahead full of ideas... ...and he was fortunately available enough to come here to Fukuoka on his way back where we recorded an nice and long thorough conversation not just about the property itself although we definitely discussed that but also about the more general topic of buying into these types of projects outside the box when it comes to creatively bringing these ideas to life,

00:06:29: but also how to operate

00:06:31: inside the box or at least within the acceptable norms procedurals and relationships that are needed to make such a project successful in Japan.

00:06:40: And so again not only because I want show off our awesome home office garden here at NTI ,but definitely also because of that .

00:06:47: But mainly because you

00:06:48: really wanna take a

00:06:49: closer look at the property itself The surrounding areas I highly recommend to hop over to our YouTube channel youtube.com forward slash Japan real estate or to our Facebook page, facebook dot com forward slash japan real estate both super easy defined and watch this episode there you won't regret guaranteed.

00:07:09: And we will also link their To the listing page where You can find all of The rest Of

00:07:14: the

00:07:14: boring but important info about the property, the listing price ,the structures and layouts... And everything else that comes with it.

00:07:21: So enjoy this trip to Nagano with us!

00:07:23: I'll see you again on The Other Side.

00:07:42: So this will be a part of the Japan Real Estate Podcast, but it'll also be published on a bunch other channels where people might not know who we are.

00:07:54: So maybe quick brief self-intro?

00:07:57: Oh right on!

00:07:58: Good call I'm Matt Ketchum and operate something called Akia's which is kind as name sounds in Akiya advisory and due diligence, basically everything that you need done prior to making.

00:08:11: Even if it's a cheap purchase don't make stupid purchases.

00:08:14: I think that should be my motto.

00:08:15: definitely

00:08:16: or everybody is motto really yes.

00:08:19: so yeah i like to call kind of branching out but non-standard realist... Basically anything outside the big city Be It Cheap, Be It Not If its weird shape larger than normal whatever.

00:08:31: I'm running due diligence on type property.

00:08:34: So again when Or when you go to make an offer, You do so with like pretty high confidence and that your making a purchase That meets your needs.

00:08:42: And one of the other areas Of expertise which ties into what we're going To be discussing in moment is how to creatively Repurpose these properties and Do something actually beneficial With

00:08:53: them?

00:08:53: Yeah!

00:08:54: That's honestly probably Top two sort of guiding.

00:09:02: What purposes or whatnot I have Which A house doesn't necessarily just need to be a house, right?

00:09:11: The use case that I always give is you can repurpose it and soundproof into like a recording studio.

00:09:17: Something like that so being able to advise people not just on are buying piece of crap or not but rather oh okay its'nt a piece of crab But might want to use this way and then they wouldn't have thought that previously.

00:09:28: also big part my job.

00:09:31: Sorry, it's turning into a bit of an interview.

00:09:34: I guess maybe half-and-half like have the people who contact you are looking for something that they can turn in to holiday home but i guess A lot of them also look for some sort of business or investment with right?

00:09:47: Yeah

00:09:47: honestly thats one.

00:09:49: so thats like twenty five twenty five whereas other half recently starting later last year is actually owners of these non standard or Akiya properties who just are at wit's end with how to get it off their hands, because a lot of real estate agents and even municipal governments just won't help them.

00:10:10: Which is boy what a terrible position to be in!

00:10:14: Like I've got the thing that i don't want but nobody's allowing me to get rid so im stuck with it?

00:10:18: So for them its also matter.

00:10:21: there's creative thinking then theres Like I mean really them and we'll talk about this later as well like the media production in the promotional side of things whereas Most especially Japan because it's like states has Zillow, and kind of these sexified Super modern very you know IT friendly user-friendly kind of products.

00:10:40: This Japan doesn't Really have that?

00:10:41: I mean yeah You got Sumo or maybe I shouldn't say that but you know if you've got to major players Yeah And they've been doing business the same way for at least At least fifteen years

00:10:51: you've been kind.

00:10:53: Yeah, it's more like forty.

00:10:54: I'd say yeah.

00:10:55: and so there is There's this big issue which really how Akia has even started of.

00:11:01: It's not that these properties That haven't been purchased or garbage granted a lot of them are.

00:11:06: but the core problem Is that he just nobody?

00:11:09: Really knows what they're looking at yet.

00:11:12: And if we don't understand something then You can especially when it comes to real estate land ownership and property isn't.

00:11:17: Even If its cheap house, you know still However many thousands of dollars, right?

00:11:21: It's not a small purchase.

00:11:23: And so if you don't know what your potentially buying why would he buy

00:11:26: it?

00:11:27: and the generic listing

00:11:29: Listing

00:11:29: engine slash portal.

00:11:31: I mean it could be focused more on family homes versus investment properties But that basically as far as they go.

00:11:37: So anything

00:11:38: it is that split yet either how much yield do i get or can i live here with my two kids in life?

00:11:44: Yes kind of thing and there isn't really not much in between at all Despite, well the better way to say that is there's a lot in between.

00:11:52: but those in-between properties are marketed either as strictly investment properties which they aren't or strictly like family properties.

00:12:01: Which they also aren't.

00:12:01: so this terrible what do you call it middle ground?

00:12:05: That is just very nebulous and uncertain.

00:12:07: The

00:12:07: generic two buckets just don't work for all of our properties.

00:12:10: yeah Yeah

00:12:10: So that's the issue Is not necessarily bad It's that are currently in play, the two major ones which we just talked about don't fit what is needed for those again like non-standard properties.

00:12:25: We hear from Arca...

00:12:26: Okay I should probably do a self intro

00:12:27: myself.

00:12:28: so Ziv Nakajima again Nippon Trading International as a corporation I'd say the single point of contact for all things related to Japan real estate, for all non-Japanese buyers.

00:12:43: Whether they're residing here and are just expats who don't have the language skills or the bandwidth or their expertise.

00:12:55: And I've also been consulting people in a private capacity.

00:12:57: So anything related to real estate, People contact us for and then we figure out who put them into contact with or how to represent themselves?

00:13:06: Will be in contact those third parties when it comes to anything creative related to Akiyas again outside the beaten path of investment versus family home We normally deferred you which is your expertise.

00:13:20: So we contacted you a few months ago to help one of our clients who's based in the USA and has purchased A Beautiful compound which will go into detail for that in a minute, but beautiful compound In the Nagano Highlands not too far from Matsumoto City.

00:13:41: that was originally an onsen or natural hot springs resort, we say resort but there's actually a bunch of buildings and resorts on the property.

00:13:48: It is very large property with the purpose of turning it into a health-and-wellness retreat which he does best.

00:14:02: unfortunately due to personal circumstances He's put it on the market, we helped him to do that.

00:14:12: This is a general Japanese market and he just not getting any hits.

00:14:18: The property price well enough I'd say even very attractive Quite attractive.

00:14:23: But again your typical Japanese buyer browsing those typical Japanese websites where the Japanese real estate agent is listing their properties It isn't looking for this kind of thing.

00:14:32: If they do then they browse past them easily because the multitude of listings.

00:14:38: So tell us a little bit about that property, you went there and had to look at it, inspected it or filmed it?

00:14:45: You looked into documentation, were aware what's involved in purchasing and managing this property.

00:14:50: if anybody wants to purchase for similar purpose as he did so... What do find when we get them?

00:14:58: A lot!

00:14:59: Well actually yeah just physically a lot If I remember correctly its twenty four thousand square meters

00:15:04: which

00:15:05: I think is somewhere around like six acres.

00:15:07: It's huge, yeah Like it's a massive, massive property on which there are four buildings right?

00:15:14: There's Mai My is what the Onsen Duokan does What its called.

00:15:18: There's Kadin Which is referred to as The Pension.

00:15:21: For those of you who don't know pension Is basically like In this case Its ski resort So like A Ski Lodge

00:15:28: Sort Of.

00:15:28: It's not on the slopes though

00:15:30: No!

00:15:30: It's like a five ten minute drive so really very well situated if you're into skiing.

00:15:38: So there's two larger properties and then up the hill, uh...there is also two like villas.

00:15:44: I was calling them cabins but they are not cabins though They were

00:15:46: like houses Stand-alone houses.

00:15:47: Yeah

00:15:48: Right And two of those.

00:15:49: so four buildings total.

00:15:53: And yeah, so like looking just as it stands.

00:15:58: Like what is where its situated the kind of environment that's in.

00:16:02: I mean honestly It's near a Matsumoto as well which has pretty serious name brand recognition.

00:16:07: Best

00:16:07: castle in Japan by the way?

00:16:08: I love Matsumota

00:16:09: Castle!

00:16:09: You know i didn't go to Matsumotokastle you did not bad.

00:16:12: oh no i spent too much time with the property.

00:16:16: But when you say Yocan for people who are not aware Of What That Means This Is Basically A Hotel Isn't?

00:16:23: Yeah, it's like a Japanese hotel

00:16:26: basically.

00:16:27: And I'd say most of the time but not necessarily at Yohkan also include Onsen Hot Springs which this definitely has.

00:16:35: How many rooms by the way?

00:16:36: Uh...I think its twelve and cutting and in my its like eighteen.

00:16:41: so its like thirty.

00:16:42: thirty

00:16:42: plus rooms okay yeah Plus two standalone houses that can be.

00:16:47: if we are talking about hospitality property these can be rented out as A self-contained single family home stay.

00:16:54: Yeah, and I'm glad you kind of jumped in we're gonna be going all over the place.

00:16:57: but

00:16:58: So why do it?

00:17:01: There's so much to cover And that that's kind of a thing though The way that you worded that kind goes back to like this standard sort of way of referring Like oh It's at Family House or its just an Onsen Yolk on are like a hotel and That's a big part of the Rob or at least issue is okay.

00:17:19: You said Hotel Lake Like, that's everything.

00:17:22: What kind of hotel?

00:17:24: And I've seen this happen especially with not necessarily hotels but like guest houses and stuff is they don't define who their going after.

00:17:30: Right?

00:17:32: So yeah we're talking about you know what do use it for right because You can just say oh use it universally Just anybody in everybody put

00:17:40: it on booking dot com.

00:17:42: if you build It They Will Come.

00:17:43: Yeah

00:17:43: which i mean doesn't Necessarily Not Work But Like Its Kind Of A Bad Bet.

00:17:49: And so what

00:17:50: I see... Well, because this is a unique property.

00:17:53: It has character and we're probably going to be

00:17:56: attaching

00:17:56: the videos in photos of it.

00:17:58: So people will be seeing as were speaking.

00:17:59: but This is a property with a lot of characters.

00:18:02: If you just put out there another accommodation option doesn't really differentiate does?

00:18:09: Not at all!

00:18:09: Honestly if you put it like an other hotel or whatever Even I would look at that and be like, hold up.

00:18:17: It's an hour's drive west of Matsumoto into the mountains?

00:18:22: Why would go for this thing near Matsumota Station or whatever?

00:18:28: there is no... So you need to understand the story in character as you were saying and construct a narrative about okay yeah it was property itself but why isn't there?

00:18:37: what does it do?

00:18:38: who wants Kind of thing?

00:18:42: and so the wellness angle I think is a really good one.

00:18:46: I mean that area, the Norikura Kogen Is the name?

00:18:49: So that's in... That still Matsumoto or yeah It believe it's still within this city limits of Matsumotou.

00:18:57: Um is really well known for like its particular quality Of uh Like hot spring water yep which isn't easy just like oh great minerals.

00:19:08: To people

00:19:09: who haven't actually been in Onsen, you can feel good quality water.

00:19:12: when you come out your skin is I don't want to say like a baby's but

00:19:16: it's amazing.

00:19:16: Well there that and i mean...I just walked out of the...actually was with my girlfriend the other day at an onsen And I felt so dumb saying because I had jeans on!

00:19:27: My comment after we got dressed again I can feel my pants better.

00:19:35: It's true,

00:19:37: though!

00:19:37: Which is like a weird statement to make in the first place but also extremely... Like that?

00:19:43: You're more sensitive or something?

00:19:46: If

00:19:46: you go with Japanese person they always come up Ah, Tsudutsu

00:19:49: doesn't it?

00:19:49: Yeah, Tsututsu right But for me its my pants.

00:19:54: Now if your actively looking at property in Japan you should check out Akiyamart.

00:19:58: That's A-K-I Y-A.

00:20:04: It's the

00:20:05: Zillow of Japan, built for buyers who are actively hunting for a home in Japan and want much more western style web browsing experience

00:20:13: than typical local Japanese

00:20:14: websites.

00:20:15: Now we've got an exclusive

00:20:16: thirty

00:20:17: percent off promo code.

00:20:21: That's the one that gives you

00:20:21: full

00:20:22: access to Airbnb zoning maps, hazard maps sold data and over half a million listings nationwide

00:20:28: at any given

00:20:29: time.

00:20:29: So if you're

00:20:30: serious about buying

00:20:31: in Japan and want an easier way to search

00:20:33: this is The best tool

00:20:35: we know of.

00:20:35: so You can use my code ZIV at checkout And get thirty percent off your Akiyama Art Pro annual plan.

00:20:46: But yeah, so that area obviously it's really easy to just market like oh It's an onsen with high mineral con the content or whatever Which is true.

00:20:54: Like that's not something to joke about but it's it's.

00:20:57: So I was staying at a nearby.

00:20:59: you don't want send your con which Was very well operated Extremely friendly staff newly renovated Pretty gnarly too, like my kind of... it's not just a box that you stay in and had all these corridors.

00:21:15: It was nice but complex sort-of thing.

00:21:19: Also the outdoor onsen which is another selling point.

00:21:25: The building Mai also has an outdoor onen sen.

00:21:29: Yeah so it was packed.

00:21:31: I can't tell whether or not it was sold out, but like when i was there and this is off-season.

00:21:35: Yeah

00:21:35: This Is Not...I Was Gonna Say..This Isn'T On-Send Season at

00:21:38: All Which Is Another Thing That Happens In Spots Like This.

00:21:41: As It Gets These Areas Get So Focused on.

00:21:44: Oh We're Ski Resort yeah And Because of that When There's No Snow we Can't Do Anything.

00:21:47: Yeah Well no you Could Go Hiking Yeah Or I don't know Forest Bathing Or?

00:21:52: Don't Know If There'S Rock Climbing You But I mean There' Just because There's no snow Doesn't Mean They Can't do anything.

00:21:57: It's

00:21:57: a beautiful area,

00:21:59: yeah in the waterfalls and hiking there too like forests and paths and stuff absolutely astounding.

00:22:07: and so that goes back to you know wellness aspect which is still little bit nebulous though.

00:22:11: yep right?

00:22:12: Like what does wellness probably be?

00:22:13: your average or average viewer?

00:22:15: whatever wellness probably brings to mind like yoga and I don't know vegan food.

00:22:22: Yeah, whatever if

00:22:23: you're that way in kind

00:22:24: yeah which there's no problem with it but does tend to be relatively what?

00:22:28: Limiting i guess Like.

00:22:30: If You Like Yoga And Vegan Food Then Go But Otherwise Oh Wellness Why Would I Go There?

00:22:35: No There Is Like Many Ways You Can Do That.

00:22:37: In Fact I Speak With A Lot Of Artists Because I'm Also a Musician Who They Want The Same Like Wellness Stuff.

00:22:43: Maybe Not Actually, there are a lot of vegan artists.

00:22:45: So this is just different version of the same segment.

00:22:52: But they want to get away from like compose sitting in the forest and think

00:22:55: yeah

00:22:56: about you know What's next riff

00:22:58: that's what comes to mind when you say wellness retreat?

00:23:00: Like I'm going to yes yoga but also Just artist meditation creative workspace for writers like stuff like that.

00:23:08: right

00:23:09: Yeah, and I mean honestly

00:23:10: for a corporate retreat actually come to think of it.

00:23:12: I was just gonna say that because what i find is cuz I do my own private retreats mostly with corporate mostly With like IT at least adjacent companies.

00:23:21: so they're already Arguably more creative.

00:23:24: no offense to accountants or whatnot.

00:23:26: but like IT's more creative than accounting.

00:23:28: yeah generally speaking.

00:23:31: But that's the other thing of just getting company people out Of The Office And into the wild.

00:23:39: So that

00:23:40: could be either your company people or you could market the place as a rental for companies, right?

00:23:45: Absolutely.

00:23:46: Right

00:23:46: and I mean That's really attractive in fact to get a lot of Feedback from folks that I host were saying yeah You know like HQ is saying we need to get our People

00:23:57: out

00:23:58: of y'all like once-a-quarter Or something.

00:24:00: Yeah And some kind of regular basis Get our workers and even you Know The C-Suite and whatnot As well out of the office and out of Tokyo or out in a big city, into... The wild.

00:24:11: It doesn't even have to be Japanese I think if you're anywhere in Southeast Asia or Singapore or Hong Kong what not?

00:24:19: And do want get your people for like an

00:24:21: offside.

00:24:21: Honestly that's better angle at least short term because Japan as wonderful it is does tend to relatively conservative Or stuck its ways let say and so because of the name brand in Japan.

00:24:36: And I also think actually, that is a problem over tourism right now.

00:24:42: if you can focus on particular niches about it like well-heeled pocket money to people That's that's called curation.

00:24:54: Yeah, yeah

00:24:55: right

00:24:56: if you can do that and take them to a spot like Norikura Colgan or Like the place that isn't Kyoto or Tokyo?

00:25:01: You know hot spots where those over tourism stuff happens Your I mean, that's just a win-win-win kind of situation like as the operator I Mean your doing business.

00:25:12: they're gonna make money off it.

00:25:13: otherwise There is no

00:25:14: reason for it.

00:25:15: because that The participants are getting very unique experience Very highly curated one which was really good And you're also taking them to spots that arguably need the money.

00:25:26: Kyoto, like all these places... They

00:25:28: don't even want to see us anymore.

00:25:29: Kyoto is done with foreign currency

00:25:31: You know there's not but they also Don't Need The Money Yeah Whereas There'S a lot of Japan That Actually Could Use The Cash If Only There Was Somebody To Guide Them Right.

00:25:41: and so With The Corporate Thing From Singapore Southeast Asian Stuff Like That Is A Very Attractive Proposition.

00:25:48: I Think.

00:25:50: Walking around, you probably saw the state of the place.

00:25:53: There's some stuff that needs work there right?

00:25:54: This is not a turnkey project

00:25:56: No!

00:25:57: I mean even if it was Christine It still... It's two hotels in two houses, like come on.

00:26:06: If you think that is going to be easy then your barking up the wrong tree kind of thing.

00:26:10: So far as...

00:26:12: This something we've been doing over years a lot looking at these places and saying before you purchase this have it thinking about what needs done right?

00:26:20: And this was even talking about marketing how-to position actual work.

00:26:25: Yeah Right

00:26:26: There are a lot cosmetic works that need done Structurally speaking.

00:26:31: I've reviewed the documents.

00:26:32: I have been in all of them, filmed it, photographed and flown drones, looked at the roofs...all that stuff..I can't see anything.

00:26:40: would say this one is just like don't bother some cost kind thing.

00:26:46: but yeah there's.

00:26:48: for example there are some cedar baths that pretty well wracked.

00:26:55: let us.

00:26:57: Okay, that doesn't look good.

00:26:58: You need to fix it right?

00:26:59: But there's.

00:27:00: I mean you could spend a lot of money on It.

00:27:01: he can spend not a lot Of money on.

00:27:02: yeah

00:27:03: well i guess the positioning The strategy and positioning What what your envisioning the place would Look like Would dictate how much you Put into each area of the compound too.

00:27:12: Right.

00:27:12: Like if you are marketing it as an Onsen Place then Yes the baths Are very important aspect of That.

00:27:17: but If its gonna be A corporate retreat reasonably priced, comfortable bath and you'll focus more on the communal spaces right?

00:27:25: Yeah there's that.

00:27:25: And also it's not like we need to open up all three D rooms at once.

00:27:29: Right

00:27:30: There is a lot of properties I've seen I'm thinking one in down near Antami right now That are pretty cool Pretty excellent Very big investments and things like that.

00:27:42: So yeah re-purp... or like rethinking The staging Let's say of how to use a property is also something that I don't hear very much about.

00:27:53: Yeah, because it the general mindset does seem to be relatively black and white in That.

00:27:59: oh It's like on-and off.

00:28:01: Yep You know if I have it then they have to use all of you And that honestly there's probably pretty good way to like sink yourself yeah especially on larger larger, well investments but also just like larger properties.

00:28:12: Small

00:28:12: bites small chunks

00:28:13: yeah and I mean that's one of the beautiful things with this place.

00:28:16: actually now we're talking about it is you've got two villas.

00:28:19: those are ready to go basically right?

00:28:22: You can rent these out they need a little bit sweeping and beautification stuff.

00:28:27: okay.

00:28:27: so even before you execute your grand plan start generating income to cover your maintenance expenses, because that's a lot of land and a lot structure that would need ongoing

00:28:38: maintenance.

00:28:39: Yeah I mean straight

00:28:39: up just clean it up.

00:28:41: say hey do you want to cabin near a ski resort?

00:28:43: Yes And then rent that out.

00:28:45: Start

00:28:45: with that and go from there.

00:28:48: Easy enough right.

00:28:49: Then get feedback as well for the tenants or people staying here.

00:28:54: You get good feedback on, oh okay here's the situation.

00:28:57: Here is what I had and then using that information bit by bit... Oh actually

00:29:03: yeah!

00:29:03: I didn't even think about it.

00:29:04: so you test a market with some normal guests?

00:29:08: Yeah how weird can we do this?

00:29:10: You don't know and you don't want to

00:29:12: jump into the

00:29:12: beat right?

00:29:15: That would be like the top cabin or the top villa.

00:29:18: dude that thing was ready to go Like right now Awesome kitchen huge open space like beautiful lofted ceiling big window over the

00:29:26: guy.

00:29:26: I love that house

00:29:27: Really really nice, yeah two separate bed.

00:29:29: The only thing there's two issues that i got with it right and they're both about the bathroom.

00:29:35: Yeah

00:29:36: One is?

00:29:37: There's Only one Bathroom in.

00:29:37: It's on the first floor And there's Two bedrooms.

00:29:40: so you're sharing bathrooms but In order to get their from your bedroom You gotta go Downstairs which Is not a new sense.

00:29:47: But it would be Nice if They were Two bathrooms.

00:29:49: then they Were near the Bedroom.

00:29:51: And then it's the placement of the doors.

00:29:53: What do you mean?

00:29:55: In, in video that I've got... maybe haven't reviewed or this specific video because they took a bunch Let.

00:30:01: so there is what is it theirs?

00:30:06: like a closet Or something and door opens This way And then right next to it is the bathroom.

00:30:14: That door also opens this way, so if you open the closet doors sufficiently... I've seen

00:30:19: that in so many Japanese houses and people don't

00:30:20: think about me!

00:30:21: The doors are knocking at each other?

00:30:23: Then there's a door into the kitchen that opens THIS way!

00:30:25: That's

00:30:26: an easy fix!

00:30:26: Fortunately, THAT'S A EASY FIX!

00:30:28: Well number one- You just don't need that door to the kitchen.

00:30:30: So take that out first and foremost But make those doors open like this.

00:30:34: Yeah They don't hit eachother

00:30:36: Bathrooms as well.

00:30:37: As long as your sticking through these same plumbing pipelines, like if you position the bathroom right above the other bathroom.

00:30:44: that's a relatively easy installation.

00:30:46: If you have space for it up there which I think from memory do

00:30:49: actually yeah

00:30:50: so thats...if its toilet i'd say about one million yen or two million yen.

00:30:57: sorry thanks very much!

00:30:57: So its a toilet room and then theres..the bathroom is.

00:31:01: oh maybe that what it is?

00:31:03: Its not closet but toilet room.

00:31:06: There's the bathing facility, right?

00:31:09: And then there is a kitchen and all those doors kind of just knock into each other three at a time.

00:31:14: Well we're placing a bath or unit bath as they call them in Japan that self-contained sort of bathroom rooms.

00:31:21: That about one million yen.

00:31:22: normally if you have to stretch the piping through top floor maybe another million.

00:31:26: I'd say

00:31:26: Alright yeah for this though because it has proper like bathing facilities It not a unit bath its tiled It's got windows looking out.

00:31:35: I mean, I love that like just.

00:31:37: it's like going to the onsen when you get there.

00:31:39: Just being naked outside is one of the best things that anybody can do.

00:31:43: Now if you've attended any of our recent JRip Summit events in Tokyo or online, You probably heard us sponsor Robert Miller from Innovatius.com.

00:31:52: He's been in Webdiss solutions here in Japan for the past twenty-five years and he is also an active investor in Japanese Real Estate property as well

00:32:00: global

00:32:01: Online Property which his specialty what his company Innovatious is all about.

00:32:06: They offer a full suite of website services for entrepreneurs and small business owners, including all aspects of web design.

00:32:13: And management backup in updates content formatting an editing proactive maintenance error fixing you name it with the strong focus on SEO excellence which is what gets to those

00:32:24: hardcore top-of-the

00:32:25: list search engine rankings.

00:32:27: but there's difference innovations works off as simple or inclusive monthly subscription model as opposed to the typical outdated and confusing project model.

00:32:38: So you never have to wonder how much any request for any work to be done on your website might cost, it's always four hundred ninety seven dollars per month!

00:32:47: And if that is not enough... If you've mentioned you heard of their services in Japan Real Estate Podcasts You'll also get ten percent off this monthly price FOR LIFE.

00:32:57: Also an equally important if NOT more.. You can try out Innovations just one month then switch them OFF On again later, if you want and so forth.

00:33:06: There are no minimum subscription terms now If your small business owner managing in growing a website is super distracting And time consuming right?

00:33:15: That's exactly where innovations comes in.

00:33:18: Robert's team takes care of all that for You So that you can focus on what do best!

00:33:22: Feel free to email Rob on.

00:33:24: robert at innovatius.com.

00:33:27: His Team will conduct the full SEO & Website audit on Your site reveal anything to increase your website's appeal and provide you with an easy-to-read detailed report, with your own branding so that you can make some informed decisions on your online strategy.

00:33:43: And watch your business grow as you implement it!

00:33:46: So once more Robert at Innovatious.com drop them a line and get your website reviewed today.

00:34:04: difficult is really the word that comes to mind.

00:34:06: Aspect of this property, jump back into on-send part.

00:34:09: it's actually hooked up two separate on send systems.

00:34:12: Right, right.

00:34:13: And so Mai has piping from one Onsen community and Kanien is piping for another onsen.

00:34:19: That's interesting.

00:34:20: Okay Yeah!

00:34:21: So in order to operate... You can operate one not necessarily the other.

00:34:24: but if you want to operate both your gonna have two relationships with two separate entities.

00:34:28: The way it works.

00:34:29: in Japan there are Onsen Union kind of thing.

00:34:32: Can you speak a little bit about that?

00:34:34: I mean its really what.

00:34:36: It's a local community that on their spaces where the hot spring emanates from, therefore they're the ones in charge of this supply.

00:34:44: Yeah which actually to me is it's very long-term game but... That's liquid gold!

00:34:52: On

00:34:52: Senwater if you have the Sengen so well

00:34:55: yeah

00:34:56: If you have access to point at the actual Onsen water coming up You can pipe anywhere and sell that

00:35:02: to anybody.

00:35:04: I

00:35:05: know people who have done this,

00:35:07: right?

00:35:07: They put it into oil tankers and ship at nationwide.

00:35:10: It's insane how much money you can make from that.

00:35:12: but yeah so basically its kind of like the hot water mafia is really what it is.

00:35:21: So if your going to a hotel thats fine.

00:35:24: Thats a separate conversation.

00:35:25: But If You Want To Have An Onsen Hotel or The Real Deal You're going to be on the piping system.

00:35:32: So it's licensing first and then supply charges, right?

00:35:35: Yeah And if I remember correctly It's a hundred...I'm gonna say it's one hundred ten thousand yen.

00:35:40: so not much at all To

00:35:42: sign up

00:35:46: Once you get accepted.

00:35:48: Okay

00:35:49: once they said you know what we like ya kid come on in.

00:35:51: yeah Right Then there is

00:35:53: risk of that not being the case.

00:35:55: Yeah, and I have this is something that actually needs to be

00:35:57: looked at... That's like a farm reunion in Japan?

00:35:59: Well i didn't realize it.

00:36:00: actually yeah..I

00:36:01: want to say they're not all that strict

00:36:03: but

00:36:03: I haven't reviewed these onsen unions in the area.

00:36:07: so anywhere in japan or elsewhere especially just rural areas generally speaking you know there probably not going to say hey you alright cool.

00:36:15: well specially with the foreigner aspect too right where companies like us comes in we need Japanese face to deal with and explain how the place is going to be run And explained that it's not.

00:36:26: you guys didn't.

00:36:27: honestly That was such a cool part of The whole experience with us working together on this.

00:36:31: Is there were some things?

00:36:32: They were happening in real time?

00:36:34: Yeah, when I was up There and you are down i mean straight-up yeah, I wasn't matzo mota Nagano You're Down Here in Fukuoka yeah, and There Was Some like confusing or uncertain, or undocumented things that we need to discuss.

00:36:46: And as I'm there trying to fix the thing talking you guys and saying hey wait it's not working what do i now?

00:36:52: You know who is this?

00:36:54: or where are we doing in real time?

00:36:56: We had a capability of actually...

00:36:58: We've been at for awhile Yeah

00:37:00: but thats such wild just like twenty first century.

00:37:04: oh my god we live in future sort experience.

00:37:07: That was absolutely excellent.

00:37:08: But yeah Almost certainly like having a Japanese Like physically like in Japanese face.

00:37:17: Yep to run that what do you call it?

00:37:19: Like defense?

00:37:20: Yeah for even order to like actually get to the thing That he's trying to get to is

00:37:24: yeah, and if you're not living in Japan then Not just creating but maintaining these relationships over time right right sending them The gift once a year or making sure that they're getting paid on time sort of think yes

00:37:36: Yes the Onsen, yeah.

00:37:39: so basically The Onsen Union as you're calling it.

00:37:42: It's a relationship is probably...it's A relationship that costs like a thousand bucks a year or whatever.

00:37:48: and if You operate Don't just take losses two

00:37:52: times a thousand Bucks a Year.

00:37:53: in this case there's ah

00:37:54: good point I think for my Maybe i'm Just not remembering the price of the other one with their Price differently.

00:38:02: Okay, and so I think for my is the hundred and ten thousand yen per year plus like forty K a month For having this.

00:38:11: So it's like the membership fee And then the monthly cost right on top of that?

00:38:16: So actually It's probably more like three thousand.

00:38:19: so dollars A Year to Actually like from you know zero two.

00:38:24: i have an own.

00:38:24: send your icon in here Is the onsen water.

00:38:26: yeah probably like three k or so.

00:38:28: but again You need to know That when you buy The thing Right, don't just be like oh boy on send.

00:38:34: Here's the money.

00:38:34: Let me give you it.

00:38:35: well You're not buying a let's say we still talking about hospitality resorts But let's stay on that

00:38:41: from

00:38:41: your not buying the hospitality resort with eighteen rooms in it Thinking that you might rent out a couple of them during season.

00:38:48: man I've seen some really for lack of a better word.

00:38:51: dumb stuff

00:38:53: Delusion delusions lets go.

00:38:55: what

00:38:56: then yeah?

00:38:57: Yeah so

00:38:58: people you know this very well look like Folks need some guidance.

00:39:04: Yeah, when it comes to making purchases especially When I come to making purchase is like this one because yeah It's in the middle of the woods also its Nagano so snows Also, it's not gonna there's bears.

00:39:16: maybe that's a thing actually.

00:39:17: yes

00:39:18: You need to know how to deal with them.

00:39:20: In fact you probably want to know who's the local hunter?

00:39:23: With a gun

00:39:24: yep relationship management.

00:39:26: There you go, and that's

00:39:27: the thing which I mean also bleeds into...

00:39:30: I think when people buy in Japan again People who live here are aware of That.

00:39:33: but When people buying Japan They're Buying Into Relationship like The Western Concept Of hey i've got the Licenses I can do Whatever I want that's not Gonna Work.

00:39:45: You've Got Neighbors you've Got Local Unions?

00:39:47: You've got local Service Providers if You don't work to Create Those Relationships And Maintain Them Gonna be

00:39:54: stuck probably crash and burn.

00:39:57: Yeah, what's gonna happen?

00:39:59: yeah you'd be stuck on that And I still think that's not communicated although like honestly it It's complicated is what it is right because i'm Not.

00:40:11: for example You hear a lot of foreign folks and Japanese folks as well talking about just generally speaking rural areas.

00:40:18: your going to have To Be part Of the choukai Like The local neighborhood

00:40:25: association

00:40:26: sort of thing, which definitely happens.

00:40:28: Like that's not a thing you should be thinking about but it is not everywhere.

00:40:34: and like my space down in Yugo-Wada I know all the business opera.

00:40:41: Yeah,

00:40:42: I mean it could be the opportunities there but nobody's like forcing me.

00:40:44: Like hey what are you gonna join?

00:40:46: Some communities can be a bit aggressive

00:40:48: on that one.

00:40:48: some can.

00:40:48: yeah right But that's another thing That we need to know.

00:40:50: if and when uh You're going make a purchase It's not just i always say What like If your dream house is surrounded by assholes then It's not really a dream house.

00:41:01: So you need to know the neighborhood, community and culture.

00:41:05: A bunch of stuff.

00:41:06: You have chatted with neighbors that are right next door.

00:41:10: They look nice

00:41:12: Young couple.

00:41:13: they got three kids.

00:41:15: They've

00:41:15: gotta piano there.

00:41:16: I heard them practicing music

00:41:18: And obviously lived near that onsen resort before.

00:41:21: so this is not news for it some foreigner rocking in and turning it into a hotel where it never was the case before.

00:41:28: Yeah,

00:41:29: they're fully aware of like.

00:41:30: oh that's... That is what it is.

00:41:32: so that kind of thing um And I think that's also really welcoming too of like uh i mean it's Japan has got kind of problem with kids.

00:41:40: So like oh my god It's family with three kids.

00:41:42: yeah, that's amazing right?

00:41:44: So that's Kind of indicative.

00:41:46: I would say Yeah, like the culture maybe in the area of and they're kind of running rambunctious You know just doing what kids are supposed to do.

00:41:54: I'm not just sitting there being all prim and proper.

00:41:56: yeah you Know which to me is like hell?

00:41:59: Yeah kids go like cut your go get some cuts.

00:42:02: Maybe don't break a bone but hey let's go, you know Get dirty.

00:42:06: how about speaking of getting dirty in nature?

00:42:09: How is so?

00:42:10: we know it's an The beautiful Nagano Highlands, there's so much beautiful nature around it.

00:42:14: But how about the nature actually on the property itself?

00:42:17: What sort of landscaping maintenance do you envision would be required there?

00:42:22: because It looked like a lot to me when I was there.

00:42:28: I mean honestly growing up...I Was cutting mowing lawns and Cutting gardens and tending all that stuff something not unfamiliar with this.

00:42:40: Yeah There is a lot but Not all of it needs tended too.

00:42:43: There's.

00:42:45: so basically the situation is there's one like my is here and then Cutting is here.

00:42:51: You drive in this way So you got to two big properties are like this, and then there's the hill that goes up here And he got one-two Villas.

00:42:58: yeah That way it was basic.

00:42:59: This area is more or less just like a parking and its kind of overgrown gravel at The moment yet but basically it should be gravel.

00:43:06: fairly easy maintenance.

00:43:07: Yeah.

00:43:08: And then you've

00:43:08: got the forest all around.

00:43:09: Yeah, but

00:43:10: it's not gonna be like tending to that.

00:43:11: and actually That is another good point because its in The National Park.

00:43:15: if your gunna fell trees You need To talk to the local government.

00:43:20: I wouldn't do that.

00:43:22: I'm guessing nobody Is buying a lumberjack or something.

00:43:25: But If there was i don' know A tree that you Need to get rid of You can't cut It unless you Get the ok from the Local Government.

00:43:34: So far as Tending Mean like it's.

00:43:38: yeah, so you got the gravel parking space here.

00:43:40: Don't really need to do anything with that.

00:43:44: There's I mean there's like garden ish areas around the two big buildings.

00:43:48: Yeah So, you know garden those.

00:43:52: and then With the two villas Really?

00:43:57: Those are like its like dirt paths around him.

00:43:59: Yep It's not gardened So there's really not much to do their eyes.

00:44:03: really you've got Like, not that much maintenance to do.

00:44:07: A bit

00:44:07: of waiting once in a while?

00:44:08: Yeah!

00:44:09: Right if... That's like my read on it.

00:44:12: Okay

00:44:13: And I've noticed In Mai and the main resort A huge commercial kitchen Needs some TLC but thats very promising from an operational perspective right?

00:44:24: Oh absolutely i mean Thats something Most people kind of dream... Honestly, that's one reason why the Yolkhan down in Yugo-Ada I work with is so great.

00:44:34: It has a huge kitchen but yeah like what?

00:44:40: Sorry just another creative as you But occasionally i get these ideas.

00:44:43: So

00:44:45: if your are going to be running it as corporate retreat or hospitality property You could couple within an added income stream keeping in mind that kitchen and the big dining, an event space.

00:44:55: That could also be a boutique restaurant of sorts right?

00:44:59: Which could be part of stay experience but it would also be separate business.

00:45:04: Yeah I mean like over at Manazuru.

00:45:07: this brings up really good point.

00:45:09: there's rental kitchens.

00:45:10: Yeah, so even if again like it's not that.

00:45:13: It's just a hotel and you have to operate all the rooms And everything involved all at once all the time.

00:45:18: So rented out to a chef

00:45:19: yeah?

00:45:19: And provide an extra experience to whoever.

00:45:22: yes

00:45:22: kitchen You can get you know twelve people to come in.

00:45:24: Have you know sample of local flavors or whatever?

00:45:26: with this look like a bit of speaking The event space it looked Like but like an old-school disco kind of with a stage and Everything right?

00:45:34: All

00:45:36: Right.

00:45:36: any other complications That you've noticed?

00:45:38: then the property itself for the documentation related to it?

00:45:41: Honestly there was one that concerned me but then we determined that wasn't an issue.

00:45:45: So minus the onsen stuff, if you want a cut down trees kind of thing... Also If You Want To Do Any Additional Building do need permission But I mean That's For Additional.

00:45:58: It's Got Enough To

00:46:00: Start With.

00:46:01: What

00:46:01: Are You Doing?

00:46:02: Building

00:46:02: More?

00:46:04: We interrupt this broadcast to tell you about Tokyo Family Stays.

00:46:08: They're a short-term rentals company in Tokyo and they offer a home away from home experience which is

00:46:13: just

00:46:13: perfect for remote working, quarantining.

00:46:16: if that's the thing or If You Just Need Somewhere

00:46:19: Quiet To Get

00:46:19: Away From The World... ...they

00:46:21: offer

00:46:21: variety of options for families corporate relocations Or even if your simply transitioning between homes In Tokyo!

00:46:28: The properties are super

00:46:29: comfortable tastefully furnished, fully equipped with all amenities and they accommodate up to ten people.

00:46:34: So really the only thing you'll need to bring with you is your toothbrush maybe change of clothes.

00:46:39: They come with fast unlimited wireless internet Dedicated workspaces in fully-equipped kitchens And they're just a delight to stay in.

00:46:47: fantastic alternative two Japanese business hotels Which if you've ever stayed on one You probably know their tiny there noisy Fine for a night or two if you're on your own, but longer term.

00:46:57: Or with the family You'll probably feel you are in jail cell very quickly In Japanese business hotel.

00:47:03: So If you want to give yourself A sense of space and freedom By renting a real home With comfortable Western beds, including all the necessities like baby bedding children's toys high chairs etc.

00:47:14: You definitely want to reach out to Tokyo family stays.

00:47:16: They've been at it for over a decade.

00:47:18: There are fully licensed mean paku or short-term stay operator and as a special bonus for our viewers and listeners they're also throwing in a breakfast basket upon arrival For anyone who books and mentions that Japan real estate podcast Or NTI?

00:47:31: And not only for guests.

00:47:32: if you're a property

00:47:33: owner you've got an investment property That you wanna tweak for higher profit or a holiday home that you want to rent out when you're not using it via short term stays, drop them aligned today.

00:47:42: See how they can help you maximize your property's income.

00:47:45: and again as special bonus to our viewers and listeners there also offering free audit of existing short-term stay listings without any obligation whatsoever.

00:47:54: So feel free to reach out them at TokyoFamilyStays.com, well worth a visit.

00:48:00: and again if you're in the market for family home or around the Tokyo metropolitan area, Emile's your man don't be shy to reachout him aswell at salesatrealestate.jp.

00:48:10: And now

00:48:11: backtothepodcast.

00:48:13: Okay so If You were to envision based on Your experience with people who are buying these kinds of properties The ideal profile buyer Or group or a few profile buyers, who is this good for?

00:48:27: And then equally important.

00:48:28: Who is definitely not good for?

00:48:30: it's really good For at this point I would say like corporate retreat Yeah sort of stuff.

00:48:35: that's the easiest most turnkey solution.

00:48:38: i'd Like to see more creative stuff go out there but again like The creative world was totally different from the business world and

00:48:45: they have A lot less of budget.

00:48:50: But yeah, having like Fuqua or any big city-based company that's doing.

00:48:56: well enough do something out there.

00:48:59: Get your folks.

00:49:01: by your folks.

00:49:01: I mean you know workers, employees and people... Out there to

00:49:06: your clients?

00:49:07: And your clients!

00:49:07: That is another service they can just easily offer.

00:49:10: it doesn't matter what You can be, I don't know a spaghetti maker or whatever.

00:49:14: and you're like hey actually we got kitchen out there with really good chef.

00:49:17: Do want to go experience it?

00:49:18: Oh

00:49:18: workshops and stuff yeah

00:49:19: that kind of thing

00:49:20: okay.

00:49:20: so corporate retreat slash some kind of commercial activity getaway spot right.

00:49:26: That's one.

00:49:28: This one, obviously the tourism aspect.

00:49:30: I think it's very attractive.

00:49:31: Anybody wants a hospitality property but not like your single family home where you're renting out a couple of rooms.

00:49:36: this has to be somebody who is ready to run an operation right?

00:49:39: Yeah!

00:49:40: In the long-run yeah.

00:49:41: and on that note too The entire thing listed at sixty million yen which let us call it five hundred thousand U.S..

00:49:48: More for twenty at the moment.

00:49:50: Jesus.

00:49:51: The yen is...

00:49:53: Allright even better To get it up and running like super ballpark.

00:49:59: I don't know if you've got a budget or let's call it two mil, i think he'd probably be very much in the clear for getting everything okay we're good to go eyes are dotted, tees across... Everything is clean!

00:50:12: We have the Olensson running.

00:50:13: Let us make this thing happen

00:50:17: And that' s really important point..we always say about single family home Akiaz people buying.

00:50:22: but Don't expect.

00:50:25: because when we talk about who shouldn't be buying this property and I think Schumatsu opposed says This, and i've adopted.

00:50:30: This phrase if you can't afford to buy the property twice don't Buy this.

00:50:35: so your buying it for sixty million yen.

00:50:37: but You should especially as a commercial exercise?

00:50:41: You Should Be considering that you're gonna be To get It up And Running Just to stay in and use Maybe double That amount.

00:50:49: and If you want it As A Commercial business three times this amount, right?

00:50:54: Yeah.

00:50:54: Three X I think would be... So what is that like?

00:50:57: A hundred and eighty million yen.

00:50:59: so about a million-and-a half

00:51:01: which if you're an experienced operator

00:51:07: For thirty rooms!

00:51:08: That's steel i'd say.

00:51:10: And it's in the ski resort.

00:51:11: Thirty

00:51:12: rooms plus two standalone villas.

00:51:15: Pretty good, I think.

00:51:16: Yeah

00:51:17: a short drive to the ski resorts and in beautiful countryside?

00:51:22: Who shouldn't be buying it though...I don't know like your average consumer doesn't make any sense.

00:51:30: It's not family compound for you or the extended family Unless unless you're very rich person who would invest that much.

00:51:37: I

00:51:38: have had one client who has drumroll twelve kids.

00:51:45: Thirty rooms though that need to be a pretty big family.

00:51:51: So I mean we could play around with super extreme use cases and like arrive at the conclusion.

00:51:57: Yeah,

00:51:58: so hospitality corporate retreat What are your thoughts about?

00:52:03: You mentioned not specifically cash-strapped artists but somebody who is a bit more creative.

00:52:11: um

00:52:11: one thing that i haven't yet been able what execute I guess.

00:52:16: Creative

00:52:17: and commercial, i'm thinking it's a rare beast but they do exist.

00:52:19: well

00:52:19: so the conversation that have had number of times over years now still hasn't turned into anything is like A-list ANR artist reps usually at least i am american so we talk with alot American musicians.

00:52:34: oh

00:52:34: thats very clever actually.

00:52:35: yeah there are maybe not name names but famous artists.

00:52:41: whoever its really wants.

00:52:43: like just two weeks, get me away.

00:52:45: Nobody knows my face.

00:52:46: I just want to relax and compose sit around maybe go the local bar.

00:52:49: yeah

00:52:50: do my thing.

00:52:51: And they don't have to worry about the paparazzi.

00:52:52: So their

00:52:52: agents?

00:52:54: Yeah are really interested.

00:52:55: that comes up relatively frequently.

00:52:57: still haven't done anything with it but It is a conversation That happens To Me Like i dont bring it Up But Frequently Speaking With Artist Reps.

00:53:08: Thats What They Keep Coming Back Too is I've got this big A-list, you know actor celebrity of musician whatever and they just want to get away from it all.

00:53:18: Granted again like thirty rooms... But

00:53:21: do have an entourage?

00:53:22: Yeah exactly!

00:53:23: So that would be..I mean i don't if was a famous musician.

00:53:27: yeah

00:53:28: one those two things right now but both.

00:53:35: And I would be sinning to myself, and i think you if wouldn't mention it.

00:53:40: I know its an edge case but party people music-people Oh absolutely!

00:53:45: Actually yeah great point.

00:53:47: On that note though...I WOULD want to know If the family next door is selling Because if there's going to like a party space It will very good.

00:53:59: Well maybe don't even need buy from them Just speak with him Like hey on this weekend we're throwing out big parties Can ya not?

00:54:07: Honestly, I don't think that they live there.

00:54:09: I think they own it and its like their weekend.

00:54:11: Oh you think it's a holiday retreat?

00:54:12: Yeah

00:54:13: Okay thats very interesting.

00:54:14: They've

00:54:14: got on that property.

00:54:16: There is really big one That looks Like nobody using it Yep.

00:54:20: And then across from It theres...I Think Its just like A One Room Not even House!

00:54:28: I have seen that Looks like a shack Or like a large Lodging.

00:54:32: maybe

00:54:33: Thats where they were doing everything.

00:54:36: I didn't see them once going to the big building, so i kind of feel like that's just maybe not even a weekend holiday home.

00:54:43: They're

00:54:43: cabin in the woods?

00:54:44: It's like

00:54:45: oh the kids want to play piano!

00:54:46: So let's go into the woods and they can bang on it... Okay

00:54:48: if you are high-profile party producer or some sort potentially You could check this before you purchase.

00:54:57: Make them an offer they can't refuse and

00:54:59: yeah!

00:54:59: Oh, yeah nice Yeah.

00:55:02: so make them an offering They can't refused by that place as well.

00:55:05: And then your golden for that too right because there's nobody else from miles around That I've seen driving in.

00:55:11: i mean i'm thinking really hard about it Right now?

00:55:14: No no I think It's at least a five-minute drive At the speed limit which is what sixty kilometers?

00:55:23: So like five minutes of sixty kilometers an hour is a number of kilometers away.

00:55:31: So in each case, there's not many buyers like that but ideal for somebody like them?

00:55:34: Well

00:55:35: I mean... For example you bring up the party thing.

00:55:38: There are ones both us have been to.

00:55:42: Maybe it isn't for annual festival Like big production But That needs funded.

00:55:51: Why not host quarterly smaller events at places like this.

00:55:55: Absolutely

00:55:55: You know, like that would be really cool.

00:55:57: And Japan's got an excellent decades of history hosting rural parties basically.

00:56:04: Fuji

00:56:04: Rock is a thing!

00:56:05: Oh and Fuji Rock has been magnificently produced right?

00:56:09: So yeah it is edge but I mean thats the kind of stuff i want to see happen.

00:56:14: Yeah

00:56:15: okay one other bio profile that I'd prefer wouldn't not approaching this as somebody who was looking for big land in the countryside to demolish and build your typical ski resort hotel on or whatever.

00:56:32: The case may be right

00:56:33: which might very well

00:56:34: it makes sense for them, but I don't want them to buy this beautiful property For that purpose.

00:56:38: Well yeah had an experience Two weeks ago.

00:56:42: we think sorry

00:56:44: We're doing a disservice To the seller But please Don't Buy This.

00:56:48: If You're Planning To Demolish Straight

00:56:49: up like i dont wanna talk You're doing the.

00:56:53: you were doing this service.

00:56:55: We're not doing that disservice.

00:56:57: But like similar I had an experience in New Mata and Gunma two or three weeks ago.

00:57:02: a friend about and I mean Akiya, but it's got kind of the main house then like an Atelier And then there is rather large like Japanese garden in between that has Not a rib for but like a man-made like stream in it and also like this really gnarly waterfall Like they imported these rocks yeah or boulders Really?

00:57:22: I think it was abandoned for like ten years.

00:57:24: So structurally, its fine but you know It hadn't been tended to quite a long time and so i went up there with my girlfriend And basically just spent the day Like raking in shoveling dirt specifically me cleaning out this wax and I'm like damnit that's

00:57:42: waterfall!

00:57:43: Like

00:57:44: oh what is going on working?

00:57:46: So just like scooping all of this muck outta bit as I did kind of surprised to myself actually that I hadn't kind of verbalized it at least in my head until That point because i've been doing this now for like eight years.

00:57:58: um, Of Like you can find beauty.

00:58:04: In japan if You just dusted off.

00:58:07: yes a little bit yeah.

00:58:08: And

00:58:09: so going back To the disservice and oh knocking It all down and building up Just something totally new and probably really boring.

00:58:16: If you just want land, you can find lands.

00:58:18: Yeah

00:58:18: that's not hard.

00:58:19: yeah You know this is structurally sound.

00:58:22: the what two years ago?

00:58:23: It had been Had an inspection conducted on it.

00:58:27: yes

00:58:28: I've checked and was operating until about four years ago.

00:58:30: Yes right these things fine Just needs like he said a little bit of TLC in a budget but It's unique, it is interesting.

00:58:39: It stands out and has its own character.

00:58:43: Huge potential!

00:58:44: Right?

00:58:45: And honestly I think that what Japan... I feel like folks who are not living in Japan may mishear this or something because i'm not Japanese but

00:58:56: Japan needs that.

00:58:58: That part of the beauty to this place is oh my god.

00:59:01: there was a very unique Thing.

00:59:04: maybe it's a dual con me, you know It could be.

00:59:06: Maybe it's the waterfall whatever right?

00:59:08: But a lot of it just gets demolished because You know The ROI on some cheap bill.

00:59:13: that's just cookie cutter.

00:59:14: stuff is better for the corporation That picked up to land.

00:59:18: yeah if your an independent operator Of you know let's like in.

00:59:21: it's not called and SME but like an ME And you've got the budget to do this.

00:59:26: You can make yourself, I mean it's a personal branding is a corporate branding thing as well.

00:59:30: You could make yourselves stand out and offer kick-ass service.

00:59:33: that really helps with local community which everybody talks about but very few people actually contribute too right?

00:59:39: There are so many upsides.

00:59:42: Recognizing.

00:59:42: okay, here's what this thing is and we've got the documentation on this property to say Here's what it.

00:59:47: Is he was?

00:59:48: It's not just a sketch.

00:59:49: yeah like we its been

00:59:50: doing that.

00:59:51: Yeah

00:59:52: This isn't here.

00:59:52: What do you need To know?

00:59:53: there's You Know The Olsen Community And Felling Trees All That Stuff.

00:59:57: We Know It Right.

00:59:58: Just Understand That Realize.

01:00:00: Okay I'm Gonna Need A Budget of One Point Five Or Two Mill If That'S Where You Are And That'S The Kind Of Thing That You Want To Do.

01:00:06: This Is A Place That You Can Make Into Just Such An Excellent Experience for Everybody.

01:00:10: People Keep talking about that dream of owning a piece of Japan, it doesn't come any more peace-of-Japan than this.

01:00:17: I would say like... That's not the right way to saying is not owning a Piece Of Japan It being or developing and becoming Or its' not just ownership Its actually your... Like Japan Is Your Palate And You're The Artist That Making Into This Beautiful Thing That Is Its Own.

01:00:39: Thats A Beautiful Note To End On.

01:00:41: Thank you, I

01:00:41: think that is good.

01:00:45: So there we have it.

01:00:45: as far as properties with potential upside go It doesn't really come any better than this.

01:00:50: sixty million yen which at current exchange rates Is less then three hundred and eighty thousand US dollars for a huge plot of land to

01:00:59: full scale resorts With thirty

01:01:00: rooms plus two standalone homes Onsen water connectivity and a hell of canvas to paint your Japan dream on.

01:01:08: Whether you want to run the place as an onsen resort, corporate wellness or artist retreat... ...or even party venue with or without cafe restaurant.. ...without hospitality license… The choice is yours!

01:01:20: Drop us a line let us know what you thought about it And again see description for all listing links and any information that might need.

01:01:30: If you are going to be the one to realize this amazing property's potential, we can't wait to hear from you and even more.

01:01:37: Can't Wait To See What You're Gonna Do With It!

01:01:38: And then hopefully also have you here on the podcast... ...to show it off for The World To See.

01:01:43: Now.

01:01:44: We Can't Let You Go Without Telling You All About Yen Loans Our Latest

01:01:47: Sponsor.

01:01:48: They Are A New Non-Bank Lender offering financing to non-residents of Japan for purchases of Tokyo condominiums.

01:01:55: Soon they'll be expanding into other major cities as

01:01:57: well.

01:01:57: so definitely

01:01:58: hit them up if you're looking to purchase in Osaka, Fukuoka Kyoto or any big city too and that's for any purpose whether it is a whole day home investment rental combination without any requirement for residency Japanese bank account Japanese corporate structure representative director any of these things, and with a streamlined application process too.

01:02:20: So reach out to them through the link in our show notes and let them know that you found him on The Japan Real Estate Podcasts And if your quick enough be one of first ten completed applications You'll receive a twenty five percent discount.

01:02:33: That's fifty thousand yen off the two hundred thousand yen application fee.

01:02:37: To qualify apply thru the link again or enter code J R E Y L On their website yenloans.com.

01:02:47: And that's it from us

01:02:48: for this

01:02:48: episode.

01:02:49: folks huge thank you.

01:02:50: For tuning in.

01:02:51: please do follow and subscribe to the show if This is your first time listening, and we'd

01:02:54: love It If You could like

01:02:55: an even share this Episode with anyone?

01:02:57: Who think might fight interest in it?

01:02:59: but Even more importantly We Love hearing From you.

01:03:02: so Please let Us know what you thought about

01:03:03: this episode or The

01:03:04: podcast Overall In The comments Section Here on our Social Media Channels.

01:03:08: We've Got a Very Active Facebook Group and Business Page Both Under the Name Japan Real Estate On Facebook And that's also the name and URL of our YouTube channel.

01:03:16: If you'd like to follow

01:03:17: us there, Japan Real Estate on YouTube as well!

01:03:19: We would appreciate your rating or review on Spotify... ...or Apple Store or wherever you're tuning in from.

01:03:26: Hope to have with again a great rest day or night ahead!