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 Cameron Highland property, Rental investment

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siberfriend
post May 17 2013, 02:02 PM

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From: MARS
btw, it is not fully furnished. it is partially furnished.

rental management/big house will quote you x dollar for the renovation + furniture. if the x dollar is too much, would you accept?...

once you agree to pay plus their so called "rental package", then they will proceed to renovate your unit and rent it out.

"rental package" - they will rent your unit out for RM 300~400 per day. then they will deduct some management fees (assume 50%/RM 150~200) from your rental. you only left RM 150~200 earn.

assume full house for all the unit during weekend:-

1 month = 4 weekend = 8 days
projected earn = RM 150 * 8 (min) ~ RM 200 * 8 (max) = RM 1200 (min) ~ RM 1600 (max).

normally, a decent hotel/resort only get 60~75% occupancy. Somersquare has 512 units, what is their strategy to rent it out at 100%? any marketing plan? which unit gets the highest priority of renting out since it is not GRR? what is the name BIG HOUSE going to use for renting out your unit? BIG HOUSE RESORT? SOMERSQUARE RESORT?

there are still a lot of grey area in this package.



 

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