No need to personal attack like this. Just to clarify;
Desperate owners will definitely rent to foreigners and student of Al Madinah. It is probably easier to rent by rooms or per person to students. Say, you rent RM 450 per students or per working adult, and you have 6 individuals in your unit. Easily can fetch RM 2.7k. With current property market, I doubt if we rent as a whole unit, we can fetch even 2.2k (especially with competition from no. of units in Nidoz and DNuri).
On the statement that we will continue operating even management passing by-laws prohibiting Airbnb, this is because we deemed the by-laws invalid in the first place. Bypassing such bylaws contravene the strata management act of any bylaws that prohibiting lease. Airbnb is a form of short term lease. The fact that there is no specific tenure for leasing in SMA, we view any by-laws passed in AGM as unlawful.
We have been mounting this challenge with COB. No one can dispute the fact that Airbnb is a form of short term lease and there is no restriction on lease timeframe in SMA.
At the end of the day, people just have to view this holistically. Airbnb is as safe if not safer when compared to conventional leasing arrangement.
Oh. Don't worry. We are doing renovation on our own. I am running a CIDB G5 Company and do a lot of subcon work. Let me know if you want special offer for reno packages.
Well. I must admit that I regret buying Nidoz. Looking back I Can't remember what I was thinking back then.
Now is just trying to close the gap and minimise the damage.
Got nothing to do with holding power la. It is in DNA of every businessmen to minimize damage and maximize ROI.
No need to personal attack and showoff holding power la. We wont know who actually have a higher net worth anyway.
I probably stop here and wont dwell on this debate any further. Let's move on.
After all, I have gain the traction I required and draw interest of like minded investors. For those who have PM me, sorry for the long wait. We are vetting some of you to make sure none of the non-genuine owners or third party infiltrate into our very own Telegram group.
My apology if I offended anyone. At the end of the day, it is just a matter of conflict of interest. Everyone have their own views and vested interest.
No personal attack, just quoting what you said.