Last year I bought two houses on a 1000 meter section of land.
Earlier this year, the tenants vacated the properties and have been vacant since. This is a vacancy of over 3 months!
The town has a population of just 14,000. When the properties are let, the return is fairly good, but if I cannot secure a long term tenant this property is definitely an under performer.
I believe I have made a good capital gain on the propety. I am still thinking what I should do. If the tenant pays the rent on time and doesn’t cause much trouble, maybe I will keep it, but if I have any more trouble I think I would be better off to let if go.
Twitter Updates
I’m all for investing near where you live. Sell and pocket the gains, I say.
That is good advice, but I am just not keen on buying in Tokyo for now.