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Investment I Bought An Apartment To Rent Out On Airbnb

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rfm
post Nov 5 2013, 10:21 AM

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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.
rfm
post Nov 6 2013, 04:34 PM

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QUOTE(Glcotan @ Nov 5 2013, 01:53 PM)
daily rent a bit troublesome...
where is your apartment?
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At the moment, I do min 2 nights. Apartment somewhere in PJ, next to a LRT station.
rfm
post Nov 9 2013, 01:02 AM

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QUOTE(Glcotan @ Nov 7 2013, 06:34 AM)
Is it troublesome to receive guest?
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It's only my first guests. He's been working here for a while and familiar with the place. So no problem. The security is very strict, it's good but can be intimidating to my guests too. Will see how it goes with my future guests. I receive two more inquiries on AirBnb, maybe due to the year-end holidays.
rfm
post Nov 9 2013, 01:04 AM

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QUOTE(Glcotan @ Nov 5 2013, 03:31 PM)
ya.. but airbnb is renting rooms normally.. so if you stay same place.. then just rent one of the empty room
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I rent out whole apartment, fully furnished and sleeps 6.
rfm
post Nov 9 2013, 01:24 AM

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QUOTE(nookie188 @ Nov 5 2013, 02:09 PM)
how you charge for deposit?
how about utilities?
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Deposit collected upon check-in, same amount of two night stay. Utilities all included in the room rates,
rfm
post Nov 9 2013, 09:44 AM

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QUOTE(Glcotan @ Nov 9 2013, 06:34 AM)
How much airbnb charge you?
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They charge the guests, not the host. 10% of the rates published by the hosts.
rfm
post Nov 9 2013, 09:46 AM

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QUOTE(A.B.D. @ Nov 9 2013, 01:40 AM)
you can try....probably got kl people try oredi..?

it works in first world country, top tourist destination like melb, sydney, hk, tokyo, london, paris, new york, L.A....and more..

but maybe kl can do gua..? a lot of arab tourist...
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Go to AirBnb website, look for listing in KL. To me some are doing pretty well, judging from the reviews, especially the ones located around city center and klcc.
rfm
post Nov 9 2013, 09:51 AM

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QUOTE(torkl @ Nov 9 2013, 04:41 AM)
I have used airbnb to stay in hong kong before. Interesting experience but never again will I stay in someone elses property.  Airbnb used to get some stick as owners were not protected if something happens to the property.
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Yes, that's the downside...but AirBnb now has certain insurance for owners protection in some countries and Malaysia is still not included. Anyway what I like about it is at least they have some verification system, and we can at least do a bit of screening before deciding to accept or decline a reservation.
rfm
post Nov 9 2013, 09:58 AM

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QUOTE(re_freako @ Nov 9 2013, 09:52 AM)
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?
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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.
rfm
post Nov 9 2013, 12:35 PM

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QUOTE(re_freako @ Nov 9 2013, 10:24 AM)
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.
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Agree and thanks for the suggestions. I have only cheap bulky furniture from Ikea. Don't think people can carry that away as they won't fit in the normal lifts. Need to have owner's verification to move bulky items. I do have worries on my LCD TV though smile.gif. Maybe next time can ask for much higher deposits smile.gif
rfm
post Nov 9 2013, 02:35 PM

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QUOTE(re_freako @ Nov 9 2013, 02:07 PM)
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.
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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
rfm
post Nov 9 2013, 02:55 PM

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QUOTE(re_freako @ Nov 9 2013, 02:44 PM)
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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Hahaha biggrin.gif .... with friends, cheaper rate, with relative up to them how much. I still take the money, want to stay free, come stay together with me in my house la.
rfm
post Nov 11 2013, 08:56 AM

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QUOTE(Glcotan @ Nov 9 2013, 03:46 PM)
i think sinleong posted his experience with airbnb before
check out his blog
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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.

This post has been edited by rfm: Nov 11 2013, 09:22 AM
rfm
post Nov 14 2013, 09:40 AM

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Received this in my mailbox today, in malay summore smile.gif
https://www.airbnb.com.my/guarantee?af=1977...0312013&c=31575


 

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