robot home, which uses AI to improve management operations, was reported to maintain more than 28,000 units under management and a high occupancy rate of 99.9%, against a backdrop of declining new housing supply and rising rents in Tokyo.
As the decline in new housing supply continues in Tokyo, robot home has strengthened its AI-based management structure, centrally managing property cleaning reports, move-out procedures and estimates for restoring units to their original condition through its app. The company currently manages more than 28,000 units. Operating margins differ substantially between its management business, at 54%, and its property sales business, at approximately 5.3%. AI contributes more to the automation and efficiency of management than to property acquisition.
Rents per square meter in the Tokyo area rose 6.6% over the past year amid tight supply and demand. Owners can monitor their properties using smartphones, and rents are raised whenever tenants move out. The average owner is described as 49 years old, with annual income of approximately ¥24 million and net financial assets of ¥100 million. Land-and-building apartments cost ¥100 million to ¥300 million per building, and full financing is common.
The company provides tenant services using IoT devices, allowing visitors to be handled, entrances to be unlocked and problems to be reported using a single smartphone. The occupancy rate of its Tokyo properties is currently high at 99.9%, and rents often rise whenever tenants move out. The company is said to maintain a gross yield of 6% even when interest rates rise, with a spread of approximately 2 percentage points remaining after rate increases.