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Investment I Bought An Apartment To Rent Out On Airbnb

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I'm TheOne
post Mar 2 2018, 08:16 PM

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QUOTE(rfm @ Nov 11 2013, 08:56 AM)
Where can I find the link?

I had a confirmed reservation from a Malaysian who would be bringing her in-laws from Australia for 3 weeks. She came over to view the apartment and got to meet her in person. I also got to meet my first guest who wanted to view the apartment too. I like this kind of arrangement. But not all guests are able to do this.
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My studio condo apartment is very near city centre/KL Sentral. I read that Penang won't allow. The MPPP would fine and those who continue will be taken to court. Scary yo.

I'm quite interested. How do you take care of changing/cleaning the bed sheets/pillow cases? I'm not going to get involved with the nitty gritty. Do you provide bath gel/shampoo?

Cleaning the unit is no problem since could use the condo cleaners.

What do you think is the best way to hand over the keys/taking back the keys if I stay quite far from the condo?

In the first place,how do we register with AirBnB? Thanks for any info you will share.

I'm TheOne
post Mar 2 2018, 09:46 PM

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QUOTE(one1A.homestay @ Mar 2 2018, 09:35 PM)
If you are not going to get involved with the nitty gritty, my advise is dont get into the homestay business. As a host, you must ensure your unit is 'tiptop' condition before the guest check-in. One POOR review is good enough to put your homestay in cold storage.

GOOD reviews equal to more bookings.
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This is very true. Since you're experienced who do you engage to wash bed sheets etc for you? I guess you have to change the bed sheets/pillow cases yourself as well.

I'm TheOne
post Mar 2 2018, 10:33 PM

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QUOTE(one1A.homestay @ Mar 2 2018, 10:14 PM)
I have a part time cleaner on call to clean the place. If she is not available, me, the host do it.

The cleaner will do the 'major' cleaning including changing the linen and myself the nitty gritty. The washing is done using the washing machine.
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If you don't mind could you tell me where is your BnB? Perhaps I might try it out if it's at some holiday resort. Mine is actually very near KL Sentral and the city. Uber/Grab to my condo won't cost over RM10.

My problem is I stay far from the condo so it would be bothersome to come often. Have to meet the guests to hand over the keys but they could drop them into the locked post box when they leave. My studio is actually easy to clean but must engage the cleaner to do major cleaning. I think the only place that would need a major cleaning would be the bathroom.

Is the BnB monthly income enough for your whole monthly expenses? Would you consider it good income if I could earn double what I get in rental per month?

Rental have to pay tax. What about BnB? Did you report in your annual income tax returns?




 

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