RM500/day, what hotel you stay boss? Hotel got room service, but how often the AirBnB owner cleaning for you?

Zicoras1, I dont know weather i am in the correct/right position to asnwer you. I just share my experience as a host in Airbnb/Homeaway.

I have been as a host for 4 months. I have attended 4 guests. The guests are as follows:-

1) June - local rent my place for relatives to attend his wedding since my unit is near to his (different condo/apartment). 3d2n - but never left a review (not requested from me too)
2) Jul - Sep - Foreigner who stay in Malaysia for 2 months. Moving from others area in KL to my unit because of price & also space problem
3) Sep - Local - spend a 3d2n in my house just to accompany her friends from Singapore to go Sunway Lagoon as she said my unit is near.
4) Oct - local rent for her family for short stay to avoid family problem.

Other then the above, i receive also many inquiries from different ppl (local or foreigners). Some i reject due to some issue & some they found me as 1 of their choice. Same also from Homeaway app.

My short experience is guests can be from many many area either local or oversea. They choose our house as for their can be many reason also. Just keep confidence on yourself. Makesure the below is fullfiled:-

1) keep your house clean - i clean up myself before my guest reach few days before. I will try to pass the keys to my guest personally (to view them personally & also to hints some massage to my guest, eg save energy & water)
2) Simple & nice - actually my unit is very simple. Just have sofa + TV + Njoi + DVD player for entertainment (all is used except Njoi).
3) Sleep well - I installed 3 air cond in each room except living hall. This is to makesure my guests sleep well
4) affordable price - i have check around. I think my price is the most cheapest in my area.

Maybe i am not at the position to share my experience here because since i just attended 4 guests. But anyhow i just share my knowledge & experience.

Thanks
 

For residents that is security concern,  outside ppl easy access to your condo n using facilities, 

Residents also fighting ban owner rent to Pak hitam,  some owner won't care so fighting happen

Actually am against Airbnb… if there are assurance from JMB/MC with proper guidelines in place than is alright cause I have family there… I don’t want to have to deal with strangers.

Also I understand if tenancy can, why Airbnb cannot? The problem with Airbnb is your sourcing customers from the internet. You don’t vet through your customer base before you put them in your house than again probably the same for tenancy.

Though you have the right to profit from your parcel but not at the expense of my safety.

RM500/day, what hotel you stay boss? Hotel got room service, but how often the AirBnB owner cleaning for you?

for those staying for at least 1 week, i think host can offer to clean up the place or put robot vacuum in the unit and set it to clean everyday.

i do have robo vacuum which i use to clean the unit i own, but i haven't decide whether to put the robot vacuum permanently or not.

for airbnb you have option to select tenants based on review and profile before they can actually rent your unit.
and they need to verify their id with airbnb as well. fpr me airbnb tenant is more trustworthy.

hi steven, thanks for sharing your experiences.
do you outsource the props or you manage yourself.
mind sharing more info to me pls.
based on the 3 props you listed, how is the occupancy rates generally?

I shared my thoughts and experience on airbnb investments in Malaysia, specifically in KL in this article. http://chrisseahrealestate.blogspot.my/201...purchasing.html

I still there some good opportunities for this but you need to spot the right place and especially the right property

I outsourced. No idea who is running it. Lol. Unit is not ready. Up to them to do as they please. Kekeke.

Airbnb going to drive up rental in KL 

i did a listing in cyberjaya, surprisingly market there is not so bad.
my target is only max 10 nights per month since i prefer to stay there during the weekend and public holiday.

so far it is beyond my expectation and i have to increase the rate so i will get less potential tenant, i think i will reduce the rate again by middle of next month.

did you try to lower the price initially??

when i start the listing i put minimum price slight above what airbnb suggest, the tenancy rate is beyond expectation until i need to increase the price so i have time to stay at the apartment as well 

but airbnb suggested min price is very low. i don't think anybody follow that. you need to check average rate for similar listing as yours around your are  then you can decide which rate suited for you to compete with others.

Yes I did lower price multiple times but did not have any effect. In any case the unit has been rented out so as long as someone else pays my bank loan I am happy enough.

why not opt for long term tenants? Rental market really that bad...? 

Why  would you want to earn less when u can more?

Can I know where is your unit and how much you charge per night?

Yes I did lower price multiple times but did not have any effect. In any case the unit has been rented out so as long as someone else pays my bank loan I am happy enough.