Examples of unsuccessful cases
Learn from mistakes
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Auction Support
It is typical to find successful case stories to be written on blogs or book publications. You will rarely find any article that will discuss anything that is unsuccessful. We can say with certainty that in any type of investment, mistakes are bound to happen.
Let's distinguish the difference between a "Unsuccesful Candidate" and a "Successful Candidate," and learn what it takes to be a "Successful Investor."
Example One: Not enrolling in Vacant Room Compensation Guarantee
Real Estate management
I purchased a newly constructed one room apartment, great location and only takes five minutes to walk from the station. According to the businessman, it will be a waste of money since commission fees are a hefty amount, so instead I was recommended to enroll in a general administration plan, which all I had to do was worry about the money collection and other required simple duties. The apartment sparked my interest at first glance, and without any hesitation, I signed the contract right away.
Everything at first went by smoothly. However, as each tenant moves out, it was quite difficult for me to find a new tenant to move in. I was relieved when I found a new tenant, but unfortunately that tenant did not stay for long. This same process occured continuosly over and over. I thought to myself, "If only I had enrolled Vacant Room Compenstation Guarantee. " I regreted on many occassions for not enrolling.
That is when I decided to return to that businessman for some consultation, but little did I know, that company no longer existed. From this, I learned that enrolling in the Vacant Room Compenstation Guarantee is very important as it would have saved me a lot of time from worrying and I would've handled the situation in a better manner.
Vacant Room Compensation Guarantee helps prevent any unexpected risks that occur
Example Two: Purchasing the cheaper properties.
There is always a catch behind the less expensive property.
It was my first time in the real estate investment business. Instead of purchasing an expensive and recently built property that cost several tens of millions of yen, I decided to go for a cheaper, existing-property that only cost several million yen. I realized that there was a catch behind the cheap property, and come to think of it, it wouldn't be much of an investment if I didn't take the risk in investing in a much more expensive property.
It was already hard to find tenants. On top of that, there were some tenants who refuse to pay their rent on tme, and even some will flee at night. I regret not purchasing the newly constructed building with insuranced covered, especially since this was my first time.
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