Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 AirBnB, Anyone do/did aBnB? good bad? pls share

views
     
aaron1717
post Feb 21 2023, 11:23 AM

Chui Shui in Property Manyak Best!
********
All Stars
10,188 posts

Joined: Apr 2012
QUOTE(Cavatzu @ Feb 21 2023, 11:06 AM)
They can compel the platform to block listings of developments that are not compliant. Singapore already does this so don’t think that you can get away with doing whatever you want forever. The hotel industry would be lobbying for harsher rules for short term stay since overcrowding and safe distancing are words that can be tossed around for public safety concerns.
*
problem is alot home owners (bought for investment) will be affected... and also alot of developers' pockets are affected (their airbnb/homestay grr scheme)... the government here wont dare to take stern actions as compared to singapore... singapore the government have final say... in msia... money always have final say.... tongue.gif tongue.gif
icemanfx
post Feb 21 2023, 11:35 AM

20k VIP Club
*********
All Stars
21,457 posts

Joined: Jul 2012


QUOTE(aaron1717 @ Feb 21 2023, 11:20 AM)
well you are getting additional 40-50% profit on top of normal rental rate... for desperate home owners... this is something worth to take risk for? as for operators, this is good income without much investment flow into the biz initially...
*
High demand means more attention from residents and MC, more likely to be enforced.
aaron1717
post Feb 21 2023, 11:43 AM

Chui Shui in Property Manyak Best!
********
All Stars
10,188 posts

Joined: Apr 2012
QUOTE(icemanfx @ Feb 21 2023, 11:35 AM)
High demand means more attention from residents and MC, more likely to be enforced.
*
but for apartments with more than 50% own stayers... operators often wont take the risk to run this at there... mostly they will focus on those projects with majority investors or foreign buyers who just dont really know what to do with their unit...
Cavatzu
post Feb 21 2023, 12:00 PM

Look at all my stars!!
*******
Senior Member
2,834 posts

Joined: Dec 2020


QUOTE(aaron1717 @ Feb 21 2023, 11:23 AM)
problem is alot home owners (bought for investment) will be affected... and also alot of developers' pockets are affected (their airbnb/homestay grr scheme)... the government here wont dare to take stern actions as compared to singapore... singapore the government have final say... in msia... money always have final say....  tongue.gif  tongue.gif
*
Those buildings that were sold like that most likely can continue with short term stay. It’s just those that outlaw it ma. It’s not a blanket ban but it’s a democratic process to allow residents to choose. Right now if ppl can’t rent out normally they Willy nilly go do Airbnb. Never fear co living is still available.
icemanfx
post Feb 21 2023, 12:00 PM

20k VIP Club
*********
All Stars
21,457 posts

Joined: Jul 2012


QUOTE(aaron1717 @ Feb 21 2023, 11:43 AM)
but for apartments with more than 50% own stayers... operators often wont take the risk to run this at there... mostly they will focus on those projects with majority investors or foreign buyers who just dont really know what to do with their unit...
*
Most investors and foreign owners are not interested to join MC or attending EGM or AGM. It is often MC is controlled by minority homeowners.
aaron1717
post Feb 21 2023, 12:03 PM

Chui Shui in Property Manyak Best!
********
All Stars
10,188 posts

Joined: Apr 2012
QUOTE(icemanfx @ Feb 21 2023, 12:00 PM)
Most investors and foreign owners are not interested to join MC or attending EGM or AGM. It is often MC is controlled by minority homeowners.
*
yea but so far those airbnb oriented buildings, the homeowners dont bother to ban airbnb compared to majority own stayers ones... so yea...
icemanfx
post Feb 23 2023, 10:15 PM

20k VIP Club
*********
All Stars
21,457 posts

Joined: Jul 2012


Airbnb properties have a grading problem, hosts and guests say: Most U.S. rentals earn near the top rating of five stars.

Hosts are facing more competition for bookings because Airbnb has added more properties for rent, and as a result hosts say their ratings matter more to set them apart. Some hosts are experiencing what they’ve named an “Airbnbust,” or a drop-off in bookings due to the jump in short-term rental properties.

Adding to the pressure is the Airbnb algorithm that determines which “three-bedroom-with-a-pool-and-fire pit” comes up during a guest’s search. Superhosts who have an overall average of at least 4.8 stars—among other factors—typically earn more than regular hosts. The Airbnb algorithm factors in many criteria, including availability, price, responsiveness of host, number of cancellations by the host, as well as superhost status when ordering search results. Also, hosts who receive repeated ratings of one to three stars are told to improve or risk being delisted.

The average rating for homes in the U.S. on Airbnb, excluding room rentals, was 4.74 stars in 2022, with nearly identical or identical averages in 2021 and 2019, according to market research firm AirDNA.

With most listings ranking above 4.5 stars, guests say they can have trouble discerning what separates a 4.6-star property from a 4.8-star property. Others admit to leaving a positive review so as not to harm the host—or receive a negative review of their performance as a guest in turn.

https://www.wsj.com/articles/four-stars-for...atings-da26390e
Chanzeryl
post Feb 23 2023, 11:25 PM

On my way
****
Junior Member
646 posts

Joined: Jan 2023
In a way will force investors to pay stamp duty to govt before they could convert their properties from master title to strata title if they want to vote for airbnb whistling.gif
Cavatzu
post Feb 24 2023, 08:59 AM

Look at all my stars!!
*******
Senior Member
2,834 posts

Joined: Dec 2020


QUOTE(icemanfx @ Feb 21 2023, 12:00 PM)
Most investors and foreign owners are not interested to join MC or attending EGM or AGM. It is often MC is controlled by minority homeowners.
*
When their ass is on the line for income you can bet the local investors will get involved. If they can’t be bothered with their own rice bowl then they deserve whatever’s coming their way.
PAChamp
post Feb 24 2023, 10:00 AM

Regular
******
Senior Member
1,159 posts

Joined: Jan 2022
Not every condo/apartment is suitable for short term stay. Those near to MRT/LRT stations and in the city center for Klang Valley and those near the beach/ highlands. Most of the buyers will be investors which should have no problem to obtain such a vote. A backdoor way is for the committee to be voted in who are supportive of short term stay. They will simply refuse to enforce despite not having any vote for short term stay.
aaron1717
post Feb 24 2023, 10:15 AM

Chui Shui in Property Manyak Best!
********
All Stars
10,188 posts

Joined: Apr 2012
QUOTE(PAChamp @ Feb 24 2023, 10:00 AM)
Not every condo/apartment is suitable for short term stay. Those near to MRT/LRT stations and in the city center for Klang Valley and those near the beach/ highlands. Most of the buyers will be investors which should have no problem to obtain such a vote. A backdoor way is for the committee to be voted in who are supportive of short term stay. They will simply refuse to enforce despite not having any vote for short term stay.
*
there is a balakong operator with 100+ units all over balakong... and he is making good money, buying new properties like no tomorrow... so yea... sometimes homestay this biz will come and surprise you where you didnt expected at all lol
Cavatzu
post Feb 24 2023, 10:19 AM

Look at all my stars!!
*******
Senior Member
2,834 posts

Joined: Dec 2020


QUOTE(PAChamp @ Feb 24 2023, 10:00 AM)
Not every condo/apartment is suitable for short term stay. Those near to MRT/LRT stations and in the city center for Klang Valley and those near the beach/ highlands. Most of the buyers will be investors which should have no problem to obtain such a vote. A backdoor way is for the committee to be voted in who are supportive of short term stay. They will simply refuse to enforce despite not having any vote for short term stay.
*
It’s all about will and the power of lobbying for your cause. You want it in you try to convince everyone their property value will go down. You don’t want it in then you concoct bogey man stories of daughters/wives being harassed and used condoms/pads being strewn about. Pick your poison.
SUSNajibaik
post Feb 24 2023, 10:24 AM

Regular
******
Senior Member
1,481 posts

Joined: Dec 2014



QUOTE(PAChamp @ Feb 24 2023, 10:00 AM)
Not every condo/apartment is suitable for short term stay. Those near to MRT/LRT stations and in the city center for Klang Valley and those near the beach/ highlands. Most of the buyers will be investors which should have no problem to obtain such a vote. A backdoor way is for the committee to be voted in who are supportive of short term stay. They will simply refuse to enforce despite not having any vote for short term stay.
*
not really, investor doesn't mean will support airbnb
many investor are just renting out whole unit, not even renting out by room, let alone airbnb
aaron1717
post Feb 24 2023, 10:29 AM

Chui Shui in Property Manyak Best!
********
All Stars
10,188 posts

Joined: Apr 2012
QUOTE(Najibaik @ Feb 24 2023, 10:24 AM)
not really, investor doesn't mean will support airbnb
many investor are just renting out whole unit, not even renting out by room, let alone airbnb
*
they are renting whole unit to airbnb operator which offer them premium rental price... so if they ban airbnb, they will lost this pool of tenants tongue.gif tongue.gif
SUSNajibaik
post Feb 24 2023, 11:27 AM

Regular
******
Senior Member
1,481 posts

Joined: Dec 2014



QUOTE(aaron1717 @ Feb 24 2023, 10:29 AM)
they are renting whole unit to airbnb operator which offer them premium rental price... so if they ban airbnb, they will lost this pool of tenants  tongue.gif  tongue.gif
*
it got no differs to whether doing airbnb own their own or passing to agency.
Still many investors especially those uncle aunty prefer renting out whole unit in the traditional way
tourist hotspot definitely will more on airbnb, normal klang valley service apartment less airbnb

just sharing biggrin.gif

13 Pages « < 11 12 13Top
 

Change to:
| Lo-Fi Version
0.0259sec    0.49    6 queries    GZIP Disabled
Time is now: 16th December 2025 - 04:43 AM