im doing airbnb.

during mco, zero booking.

after govt allows inter state movement. every weekend got booking. but mostly 1-2 nights.

weekdays still zero booking.

Thanks for sharing. 👍

Yes many hotel now is closed. One of my friend working as hotel maintenance say his hotel is also up for sale.

Just evict them like you would a bad tenant. If they sneak in small print its not enforceable under the law.

This post has been edited by eXTaTine: Jul 12 2020, 08:35 AM

Which area ur unit Bro? Listed in Agoda too? Mind to share?

I guess, KL centre area is hot spot area. I City Shah Alam, Damansara Perdana, Sunway, might good also. Penang island, Melaka town also good.

Since rmco, has income enough to cover mortgage?

I think if entire house/apartment sure can't cover.

If hosting- it's just loss in additional income. As own stay need to pay for own self also.

But this Covid thing is not forever. Stay strong.

Anyone know any website for statistic on airbnb rental for kuala lumpur after MCO?

Some of our units performing quite well following end of MCO.

https://blog.rentandreturns.com/is-airbnb-s...-a-good-option/

Permanently rent out and collect monthly rental is better than airbnb

+1

Thank u very much for ur respond. Good write up with hands on experience and with great statistic. 👍👍👍.

In the article ur airbnb at Putrajaya, Cyberjaya & Ampang is picking up booking from local. Great news for airbnb operator. Make me interested to try hosting.


This post has been edited by rizts: Aug 15 2020, 01:47 AM

Am not sure about other opetators. I rent out 6 days a month and close 24 days. Into 4th year.

This post has been edited by mini orchard: Aug 15 2020, 06:36 AM

Why close so many days?

Why not consider do both long and short term together?

Take those few months kind and then also open for Airbnb when season is good.

Been recommending this strategy to our owners recently to take advantage of vacancies during long term.

Can take advantage of all the Staycation deals that been going on recently.

https://blog.rentandreturns.com/staycation/

what is average occupancy rate and average room rate?

6 days to breakeven plus little extra. Any extra days are bonus.

My place is regular for those owners doing reno to their house. Normally they take up max 2 months. Rate is doubled normal market rate monthly rental excluding utilities.

Yes, minus the headache

mind to share wheres your location? how much do you get from airbnb? can cover loan?

The Federal Court today ruled that management corporation bodies of residential strata buildings, through their own house rules, can prohibit short-term rental of residential units in their buildings.

A three-member bench, chaired by Chief Justice Tengku Maimun Tuan Mat, said even if the state authority permitted the use of the land for commercial purposes, such use was still subject to other laws in force such as the Strata Management Act 2013.

“Hence, the passing of the house rules is not unlawful,” she said in affirming the decisions of the High Court and the Court of Appeal in dismissing an appeal by four appellants.

https://www.freemalaysiatoday.com/category/...les-apex-court/

Oh shitttt... so JMB now has the right to stop Airbnb. this is not good!
a lot of investor will have problem... unless the investor sit in committee and allow Airbnb to operate...