Stigmatized properties (事故物件) to get around needing a guarantor company (保証会社)?

4 comments

1. This is a copy of your post for archive/search purposes.

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   **Stigmatized properties (事故物件) to get around needing a guarantor company (保証会社)?**

   I’ll be moving to Tokyo, the first year on a Working Holiday visa then thereafter on a Business Manager visa (経営管理ビザ)

   I’ll be living in Japan for the foreseeable future, but because I wouldn’t be considered a permanent regular employee (正社員), I’m expecting any guarantor company (保証会社) would turn me down because of it.

   Due to that factor alone, I foresee needing to make some sort of compromise – one of which is living in a sharehouse, or another is renting a much pricier foreigner-oriented apartment, for example.

   I was reading up on articles about how to get around needing a guarantor company (保証会社) and one of the solutions suggested was to get a stigmatized property (事故物件, also known as 心理的瑕疵物件)

   Personally I have no qualms with living in a property where someone passed away, and for me, the easiest compromise to make out of other options I’ve researched.

   I intend on doing this in Tokyo, in an area that’s at least reachable to the city core within a 10-20 minute train ride.

   Would this be possible in practice, even in the competitive market that is Tokyo?

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2. I think the short term of the WHV visa would be the greater issue for most properties. If you truly mean to move to Japan for the long term is there any particular reason you don’t come on a Business Manager visa initially?

   I don’t think selecting stigmatized properties will change the landlords’ mind about requiring a guarantor company.

3. >because I wouldn’t be considered a permanent regular employee (正社員), I’m expecting any guarantor company (保証会社) would turn me down because of it.

   These companies act as guarantors for students and people on working holidays all the time. You’re paying them after all. I wouldn’t expect your employment status to have much of a bearing on whether they accept you or not.

   Those stigmatized properties are usually a good deal, so I still recommend you look into them. But I would expect that the requirement of a guarantor would still be a requirement.

   Incidentally, have you confirmed that your country is one of the ones that will allow you to change your status of residence at the end of your working holiday? Not every country does.

4. I’ll let other people address the visa and guarantor issues. About the stigmatized properties I want to point out the following:

   1. Stigmatized properties are actually quite rare and there is usually no huge discount for renters. Landlords still want the same guarantees when renting them out.
   2. The one website that maps stigmatized properties in Japan is very inaccurate. As in, completely full of slander and misinformation.
   3. Someone who commits suicide is not usually living in the best lit, most comfortable apartment in a building. They are usually in the darkest, dampest area.

   I am a real estate agent. The Japanese real estate industry is now trying to downplay stigmatized properties. The law changed recently and you do not have to report as much to potential renters. And we agents generally refuse to work with “vultures” who try to make buying stigmatized properties into some kind of investment strategy.