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Investment I Bought An Apartment To Rent Out On Airbnb

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re_freako
post Nov 9 2013, 09:52 AM

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I always think this way of rent out is interesting. But will you be worried that if someone who rent it today. By tomorrow you visit your unit all your tv, sofa and bed being moved away and the owner missing? That's my only concern. May be you can hold his passport or IC but fake IC or passport can be available for many illegal immigrant also. How do you overcome this problem?
re_freako
post Nov 9 2013, 10:24 AM

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QUOTE(rfm @ Nov 9 2013, 10:58 AM)
Yes, scary also cry.gif . What I do now is bringing my guests to the security guards to sort of brief them that they're my guests, besides getting all the particulars for temporary passes into the building, and I do thorough checking too. Always prefer family with young kids.
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If successful transaction. that's cool n nice. However only need one incident. No country will encourage daily rent out on condo, police might not take in these case. If anything happened like drugs or murder case, owner will be in deep shit. These are the generic risk, however for Malaysia the risk even higher cos so many bangla with Chinese name in the Malaysia now. wink.gif If u were to watch tv during election. The best is you stay nearby. The best buy 2 unit, side by side ask your maid to guard abit. If they have luggage bag they can anytime pack up yur plasma or lcd tv in it to pass by security. Suggest most of your furniture make it wall mount. I see many hong kong apartment specialize for Air bnb minimum item but all furnish item wall mount build eg: you plasma tv. Buy typical normal sofa, cushion type. Internet router and model all tie down in box. Make it tastefully, it's lock but look furnish as design. Hairdryer wall mount type in toilet. Shampoo and soap wall mount container. Other than that I think no more stealing.

If need to do full time I guess these are the basic investment need to be done.

This post has been edited by re_freako: Nov 9 2013, 10:32 AM
re_freako
post Nov 9 2013, 02:07 PM

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QUOTE(rfm @ Nov 5 2013, 11:21 AM)
After advertising for 1.5 month, I have received 1 booking through AirBnB and 3 from ibilik. My first guests just checked out. I'm just testing, I love doing this...but if it does not work out, I will just rent for long term.
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Bro mind to tell where is your condo? Got public transport nearby or not? Last time think axis residence, ampang, duplex at RM 200k is doable, cos near lrt. I was too late and never invest doh.gif doh.gif doh.gif

Small size cheap good to rent as air BnB. Smaller size lower maintenance fee. Return higher. However selling is abit tough lar for studio and small unit.
re_freako
post Nov 9 2013, 02:44 PM

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QUOTE(rfm @ Nov 9 2013, 03:35 PM)
Somewhere in PJ, just about 5 min walk from LRT. I'm just testing but so far confirmed 3 bookings, 2 from Airbnb 1 ibilik. Maybe around 7 inquiries altogether from both. Maybe it's due to school holiday looming in the horizon  smile.gif . I also open my apartment at cheaper rates to friends and relatives smile.gif
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Good for you. Relative wise if I rent to my relative my parents might not let me take dinner if I go home. tongue.gif

 

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