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 "Airbnb/hotel" style management for apartments, Are these companies legitimate?

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morris6660
post Oct 28 2018, 11:57 AM

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QUOTE(Doraemon80 @ Oct 24 2018, 01:34 PM)
Good?
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subhome now are selling 50% to airasia , so that leverage subhome power should be ok
Doraemon80
post Nov 4 2018, 11:27 AM

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QUOTE(morris6660 @ Oct 28 2018, 11:57 AM)
subhome now are selling 50% to airasia , so that leverage subhome power should be ok
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https://www.thestar.com.my/business/busines...-rental-market/

Whatever is too good to be true, it is too good to be true.
Beware
Doraemon80
post Nov 4 2018, 11:47 AM

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QUOTE(mini orchard @ Oct 14 2017, 10:32 PM)
Points to consider ....

1. 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!
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Totally agree. Beware of this S u b h o m e

This post has been edited by Doraemon80: Nov 4 2018, 11:48 AM
morris6660
post Nov 5 2018, 11:06 AM

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QUOTE(Doraemon80 @ Nov 4 2018, 11:47 AM)
Totally agree. Beware of this S u b h o m e
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if you worry so much....you management yourself, try to think big.... forget it bout small money
Doraemon80
post Nov 5 2018, 11:48 AM

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QUOTE(morris6660 @ Nov 5 2018, 11:06 AM)
if you worry so much....you management yourself, try to think big.... forget it bout small money
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Haha... I know what u don’t... if u like to be con so be it!
Doraemon80
post Nov 5 2018, 11:54 AM

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QUOTE(Doraemon80 @ Nov 4 2018, 11:27 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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11% ROI? Means u get free house in less than 10 years? Haha...What a joke! A paid article?

This post has been edited by Doraemon80: Nov 5 2018, 12:02 PM
morris6660
post Nov 5 2018, 01:45 PM

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QUOTE(Doraemon80 @ Nov 5 2018, 11:54 AM)
11% ROI? Means u get free house in less than 10 years? Haha...What a joke! A paid article?
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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
Existenz99
post Nov 5 2018, 08:18 PM

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QUOTE(morris6660 @ Oct 28 2018, 11:57 AM)
subhome now are selling 50% to airasia , so that leverage subhome power should be ok
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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.
Doraemon80
post Nov 5 2018, 09:11 PM

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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....
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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
morris6660
post Nov 6 2018, 01:41 PM

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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
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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?
Doraemon80
post Nov 6 2018, 07:04 PM

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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?
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Then u should call yourself a Mortgagor...smile.gif
U seem pretty satisfied with SubHome.. So how much returns are u getting? Can cover your monthly mortgage?
balistafear
post Nov 7 2018, 12:22 PM

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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
Doraemon80
post Nov 7 2018, 07:58 PM

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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
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Wow..pls share more! A bunch of thugs? Scamming under a so called company?
Doraemon80
post Nov 7 2018, 08:03 PM

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QUOTE(Existenz99 @ Nov 5 2018, 08:18 PM)
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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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!
Existenz99
post Nov 7 2018, 08:24 PM

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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
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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???
Doraemon80
post Nov 12 2018, 10:54 PM

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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!

Doraemon80
post Nov 12 2018, 10:56 PM

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https://www.primabuzz.com/subhome-success-a...rship-strategy/
Doraemon80
post Nov 12 2018, 10:57 PM

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https://forum.lowyat.net/topic/2067493/+280
Doraemon80
post Nov 12 2018, 10:59 PM

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Look at who helm Subhome and who sent those emails at Freemen. Omg!
Doraemon80
post Nov 12 2018, 11:51 PM

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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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