Now it's not about getting a job, it's about starting a business!
The most powerful monthly rental goshiwon business to overcome the recession
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In this era of low growth, high inflation, and high interest rates, my salary and assets are melting away.
Polarization of income, polarization of assets, polarization of retirement planning… the future is frightening.
But I often hear stories of people around me who have succeeded in investing.
It seems like everyone except me has been successful in investing in apartments, cryptocurrencies, stocks, etc.
From now on, I feel a sense of urgency that I have to do something.
But in this era of high interest rates and inflation, is the opportunity now gone?

"Goshiwon King's Practical Guide" generously explains the procedures and methods for achieving "time and financial freedom" through starting a goshiwon business, as well as "continuous cash flow," "annual salary of 100 million won," "over 25% return," "lifelong monthly rent income," and "lifelong employment."
From the concept of a gosiwon to the 6-step process of starting a gosiwon, the conditions for becoming a professional manager, and questions and answers about gosiwon, it clearly covers everything. It also includes startup cases and interviews with 11 managers who became managers after taking the 'Gosiwon King 6-week offline course.'
There is no goshiwon like the one in the drama “Strangers from Hell.”
This book will help you achieve time and financial freedom by helping you find a goshiwon property, sign a contract, manage the interior, run the business, and even market it.

In 2020, when COVID-19 was at its peak, I jumped into the goshiwon (a boarding house) business and successfully secured a solid financial "weapon."
I earned 10 million won per month while working twice a week, and achieved a 30% return.
The goshiwon business I started back then has become a stable source of income for me, despite going through many trials and errors in operation and management. Now, I even use my experience to give lectures on starting and operating a goshiwon business to those who want to start one.
The goshiwon not only gave me financial and time freedom, but also gave me a lot of freedom to plan my life.

--- p.18

But 'data' can deceive us.
So, the more novice the director is, the more important it is to not be fooled by data and sign a rights contract.
(……) One of the data that can cause errors is the number of rooms.
When briefing, it was clearly stated that there were 30 rooms and the rate of return was calculated assuming that 30 rooms were fully occupied. However, after signing the actual rights contract, if it is found out that one of the 30 rooms is used as an office and two rooms are used as storage rooms for the tenants' luggage, the rate of return should be calculated as 27 rooms, not 30, and the key money should be calculated as an appropriate amount.

--- p.69

Among those who are considering a goshiwon for the first time, some say this.
“When I start a business, I want to only accept neat gentlemen in suits and ties as employees.
“I will only accept those people.” I answer like this.
That demand is not our target demand, and even if it were, it would only be customers who are on business trips from the provinces and staying there for a short period of time.
Gosiwon is difficult when the turnover rate is high.
If the room is quickly vacated, the difficulty of having to constantly clean and fill the vacant space also comes with it.

--- p.139

When I was a complete beginner, I would raise and lower the temperature according to the requests of the patients, but I don't operate like that anymore.
Because various experiences have established my operating direction and standards.
(……) Others may ask why I respond so harshly, but in my experience, strangely enough, this type of person often leaves soon after.
As expected, after a little over a month, he moved out without even cleaning the room or contacting me.
(……) It would be nice to sell one more room and increase my monthly income, but if it's causing me stress, I'd rather leave the room empty than be stressed out, so I run it with that mindset (of course, it's a case-by-case basis, so it would be best to talk to each person after looking at their tendencies).

--- p.140~141

I take a strong stance against indoor smoking.
There are also provisions regarding fire in the contract.
In relation to firefighting, a clause was added that allowed the door to be opened without the consent of the occupant.
If one morning, we receive a complaint that someone is smoking in a room and the smell of cigarettes is coming in through the ventilation, we send a group notice text message to all the residents on that floor informing them that we will open all the doors to the rooms and check them the next day.
Then, as soon as I arrive at the goshiwon the next morning, I open all the doors to the rooms on that floor.
The door lock can be opened at any time, even if the occupant changes the door password, because a master number that only you can open can be entered during installation.

--- p.146

This is the case of a certain director.
He was confident that the hotel would be able to achieve the 30% profit rate he had calculated at the beginning of the business, as it was almost fully booked year-round and had many long-term tenants.
But when we settled our business at the end of the year, the situation was completely different.
It was run almost to capacity, but the profit margin was less than 20%, let alone 30%.
(……) The reason was simple.
The amount of money that was given as an exception whenever there was a vacancy in the middle of the season, saying that clothes would get wet in the drizzle, accumulated, and because IoT was not installed, the boiler and air conditioner were operated at a higher rate than other goshiwon.
The cost of side dishes such as ramen and rice provided as a service was also excessive compared to other goshiwon.
(……) Money just slips away like the wind from a pair of cotton pants.
If you want to create a goose that lays golden eggs, you need to know exactly how well the goose adapts and lives in your yard.

--- p.169

The room where the deceased was found was severely contaminated.
So I contacted a specialty cleaning company and had the room completely redone.
I wanted to pay my last respects to the deceased, so I poured a glass of makgeolli in front of the room door and left the room empty for a few days.
That was about two years after I started running the goshiwon.
When something I had only seen on the news actually happened to me, I had mixed feelings.
It didn't take long for me to regain my mental strength after a brief period of turmoil, but it's true that the memory still remains vivid.
This kind of experience may not happen to everyone, but if you are thinking about becoming a goshiwon manager, I want to tell you to think about it at least once, because it could be your job.

--- p.187~188

The hardest part of running a goshiwon business is dealing with those who don't pay their rent.
(……) At this time, the first thing to do is to send a text message with the content ‘Unauthorized residence without the consent of the director’ to leave a reason.
If you still do not contact me or do not pay the rent after taking these steps, I will consider you to have agreed to my text.
After that, change the door lock password and restrict access to the room.
In some cases, residents even threaten to take legal action, claiming that their residential rights have been invaded.
At that time, I will also respond by telling him to sue me directly.
I can't be the only one responding sensibly to an unreasonable person.
I have learned from long experience that the only way to deal with such deliberate delinquents is to be prepared to take them to court.

--- p.197