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Question title: Apartment inheritance
My father-in-law was gone and I inherited the apartment. There are four buildings and the current asset value is XNUMX million yen. (One building is XNUMX years old, and the remaining XNUMX buildings are XNUMX years old)
It seems that rent income is expected to be about XNUMX million per year.
This does not include loan payments, funding for repairs, or rewards to management companies, so it is purely revenue. It is said that all the residents are present and the loan can be paid off in XNUMX years.
However, if you look at the recent economic situation carefully, it is in a very difficult situation and you rely on the annual income, and you will give up an apartment even in the worst case offset than living with a large loan and a mentally burdensome burden I think it might be better in the future.
My husband and his relatives are thinking in the direction of inheriting as it is, and I am thinking in the direction of only adjusting, but from the point of view of the experts, which is the best solution? please tell me.
Please review your balance.
Nice to meet you Sanana Mama.My name is Tokuda from Rich Road.Since you inherited the apartment, you are worried.Your father-in-law wanted to reduce his inheritance by leaving a negative inheritance.In your question, Ms. Sananamama said that the current asset value of the four buildings combined is 4 million yen, but if the annual rent income is 7000 million yen, it seems that the profitability of the asset value is low. But... Did you originally own the land?Are you only renting the building?In real estate investment, income includes rent payments, loan repayments, taxes, management company fees, and repair costs.If the apartment you inherited is made of wood, once every 300 to 10 years, it will need to be repaired on a large scale with scaffolding.If you are located in Hokkaido, there is a possibility that larger repair costs will be incurred due to the snow.We think that it is good to stare at income and expenditure well, and to be able to work out future measures.However, in the case of apartments, the ratio of land to assets is high, so if you want to make effective use of the land in the future, want your children to use it, or think that it is the land that has been handed down from your ancestors, leave it as it is. I think it's a good way to keep it.It's about your family, and I'm sorry that I can't explain it in a few words.If you have any other questions, please feel free to contact us anytime.Then...
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Answer staff: Rie Tokuda
