QUOTE(Doraemon80 @ Oct 24 2018, 01:34 PM)
subhome now are selling 50% to airasia , so that leverage subhome power should be ok"Airbnb/hotel" style management for apartments, Are these companies legitimate?
"Airbnb/hotel" style management for apartments, Are these companies legitimate?
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Oct 28 2018, 11:57 AM
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192 posts Joined: Aug 2018 |
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Nov 4 2018, 11:27 AM
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30 posts Joined: Oct 2018 |
QUOTE(morris6660 @ Oct 28 2018, 11:57 AM) https://www.thestar.com.my/business/busines...-rental-market/Whatever is too good to be true, it is too good to be true. Beware |
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Nov 4 2018, 11:47 AM
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30 posts Joined: Oct 2018 |
QUOTE(mini orchard @ Oct 14 2017, 10:32 PM) Points to consider .... Totally agree. Beware of this S u b h o m e1. Is easy to jump in but to get out, read the termination clause. 2. The revenue is dependent on the monthly statement received ... how would one know whether the unit is 30 days or 20 days occupied in a month. 3. Whose responsibility for replacement of missing / damaged items / property. Should be the management co since they are the one screening the guests .... but would they agree....their priority is to have more bookings to make more money to cover cost . ..so any guest will do even with poor reviews. 4. 40% is inclusive or exclusive of maintainance, internet, cable tv, electricity and water charges. Should be exclusive ... one will be getting less than 60% 5. Booking.com charges 15% commission for every booking...for every booking, they pay to landlord less than 60%. Airbnb charges 5%. So it depends on where the booking comes from....will the co let the landlord knows. 6. Finally ... is all about money ... how reliable is their monthly payment to the owner. Like all GRR scheme .... always prompt at the beginning only! This post has been edited by Doraemon80: Nov 4 2018, 11:48 AM |
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Nov 5 2018, 11:06 AM
Show posts by this member only | IPv6 | Post
#24
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192 posts Joined: Aug 2018 |
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Nov 5 2018, 11:48 AM
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30 posts Joined: Oct 2018 |
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Nov 5 2018, 11:54 AM
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30 posts Joined: Oct 2018 |
QUOTE(Doraemon80 @ Nov 4 2018, 11:27 AM) https://www.thestar.com.my/business/busines...-rental-market/ 11% ROI? Means u get free house in less than 10 years? Haha...What a joke! A paid article?Whatever is too good to be true, it is too good to be true. Beware This post has been edited by Doraemon80: Nov 5 2018, 12:02 PM |
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Nov 5 2018, 01:45 PM
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#27
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192 posts Joined: Aug 2018 |
QUOTE(Doraemon80 @ Nov 5 2018, 11:54 AM) so much tenants now are joining subhome, you think you want then you can join?? only selected condo, and you need to take renovation package like hotel, only can join....This post has been edited by morris6660: Nov 5 2018, 01:45 PM |
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Nov 5 2018, 08:18 PM
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2 posts Joined: Nov 2018 |
QUOTE(morris6660 @ Oct 28 2018, 11:57 AM) Hi morris6660,I am seriously considering... How’s the return like? Can get ROI 11% return like it’s mentioned in the article? That means that if I bought a 1 mil condo, the rental returns on my side will be 9.1k per month. |
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Nov 5 2018, 09:11 PM
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30 posts Joined: Oct 2018 |
QUOTE(morris6660 @ Nov 5 2018, 01:45 PM) so much tenants now are joining subhome, you think you want then you can join?? only selected condo, and you need to take renovation package like hotel, only can join.... Haha... simi tenant? U mean u are a tenant and not treated as a landlord by SubHome? Omg!! I am a landlord and not a tenant and definitely occupying a v prime location! Lol |
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Nov 6 2018, 01:41 PM
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#30
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Junior Member
192 posts Joined: Aug 2018 |
QUOTE(Doraemon80 @ Nov 5 2018, 09:11 PM) Haha... simi tenant? U mean u are a tenant and not treated as a landlord by SubHome? Omg!! I am a landlord and not a tenant and definitely occupying a v prime location! Lol sorry , because of my mention all the investor are tenant because of all the property under bank loan, so your property are bank , not yours, thats why i mention tenants, for you maybe landlord, the others you re too ego, when u no trust someone else and think big, how can u growth deep for all your invest and business? may i ask, you got how many property you invest rite now? |
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Nov 6 2018, 07:04 PM
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Junior Member
30 posts Joined: Oct 2018 |
QUOTE(morris6660 @ Nov 6 2018, 01:41 PM) sorry , because of my mention all the investor are tenant because of all the property under bank loan, so your property are bank , not yours, thats why i mention tenants, for you maybe landlord, the others you re too ego, when u no trust someone else and think big, how can u growth deep for all your invest and business? may i ask, you got how many property you invest rite now? Then u should call yourself a Mortgagor...U seem pretty satisfied with SubHome.. So how much returns are u getting? Can cover your monthly mortgage? |
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Nov 7 2018, 12:22 PM
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298 posts Joined: Jul 2005 |
Terrible, terrible deal. They are making use of you as time poor rental property owners. Probably laughing among themselves now saying they are the Uber of Property - we don't own any asset, but we own the biggest business! Haha
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Nov 7 2018, 07:58 PM
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30 posts Joined: Oct 2018 |
QUOTE(balistafear @ Nov 7 2018, 12:22 PM) Terrible, terrible deal. They are making use of you as time poor rental property owners. Probably laughing among themselves now saying they are the Uber of Property - we don't own any asset, but we own the biggest business! Haha Wow..pls share more! A bunch of thugs? Scamming under a so called company? |
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Nov 7 2018, 08:03 PM
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30 posts Joined: Oct 2018 |
QUOTE(Existenz99 @ Nov 5 2018, 08:18 PM) Hi morris6660, Best if there are owners who are willing to disclose their rental returns but then again, exercise your own due diligence as there could be moles planted in this forum. Don’t jump into it. Make sure the terms and conditions are favourable to yourself! Get a lawyer to read and make sure u can get out anytime by giving them a month notice!I am seriously considering... How’s the return like? Can get ROI 11% return like it’s mentioned in the article? That means that if I bought a 1 mil condo, the rental returns on my side will be 9.1k per month. |
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Nov 7 2018, 08:24 PM
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2 posts Joined: Nov 2018 |
QUOTE(balistafear @ Nov 7 2018, 12:22 PM) Terrible, terrible deal. They are making use of you as time poor rental property owners. Probably laughing among themselves now saying they are the Uber of Property - we don't own any asset, but we own the biggest business! Haha Please do share more information. Did you or your friend got a bad experience with Subhome? Now I have serious reservations of Subhome! The notion of ‘time poor rental’ property owners sounds like they are milking from my property! Earning lotsa $$ without due care of the owners well being! I thought this is supposed to be a win-win business partnership??? |
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Nov 12 2018, 10:54 PM
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Junior Member
30 posts Joined: Oct 2018 |
To see if should work with a company need to look at who helm the company. Does the person has integrity? A no no if there is serious integrity problem!
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Nov 12 2018, 10:56 PM
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30 posts Joined: Oct 2018 |
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Nov 12 2018, 10:57 PM
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30 posts Joined: Oct 2018 |
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Nov 12 2018, 10:59 PM
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30 posts Joined: Oct 2018 |
Look at who helm Subhome and who sent those emails at Freemen. Omg!
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Nov 12 2018, 11:51 PM
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Junior Member
30 posts Joined: Oct 2018 |
Some more Malaysia do not have unfair contract law! Enter any contract with them at your own risk!
https://www.thestar.com.my/opinion/letters/...r-contract-law/ |
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