I attended a short seminar organised by a company called Subhome Management Sdn Bhd, who are offering to provide Airbnb/hotel style property management services for a 40% cut of revenue sharing per month. According to them, we, the landlords, will pay for the cost of furnishing the units and upon completion, they will advertise the unit for rent on sites like agoda.com and booking.com etc.

Then each month, they will publish a report with the overall earnings for all the units in the building, which will then be divided for all the owners under this Subhome manager based on the type of unit (1 bedroom, 2 bedrooms etc) and they are promising some attractive returns as a result.

Part of me really wants to trust them simply because it would make managing the rental of my unit very simple, and it's almost on auto pilot as they will take their 40% cut automatically and send us the monthly earnings. The 40% is meant to be used for their daily cleaning services along with staff salary etc as they intend to set up a service desk at the apartment as a sort of "concierge" to handle the comings and goings of the guests.

Basically, I just want to know if anyone has dealt with this particular company before, and if they can be relied upon to deliver what they promise? I copied and pasted their portfolio below, taken directly from their (extremely sparse) website:

Our Hotels are @ Summer Suites Residences (KLCC) 188 Private Suites (KLCC) Dua Sentral Suites (KL SENTRAL) Damen Suites (Sunway) Nexis Suites (Kota Damansara) 1Tebrau Suites (JB CITY) Twin Galaxy Suites (JB CITY) Teega Hotel Suites (Puteri Harbour, Johor) Sereno Airport Suites (ChiangMai Thailand) Sereno Nimman (ChiangMai Thailand) And more coming up....... We still continue to be the best solution for landlords in today's property industry. To find out more please go to our facebook page below. We are a Subsidiary of FREEMEN EDUCATION GROUP ( Malaysia,Thailand, Singapore & HK ) www.Freemen.com.my

They addressed all of those questions already. Basically, damages are covered by them, we still pay maintenance fee to the body Corp but bills etc are covered by them, revenue is split amongst all the units under this group, regardless of whether your specific unit was rented out (so they will only consider overall occupancy), and the info is provided from a service whose name I forgot, an independent service that tracks what dates the units are occupied etc. This report will be provided monthly along with the payment.

My main question in this post is whether anyone else has dealt with this specific group before (Subhome Management), and whether they're reliable?

you're preaching to the choir here...

I'm the property owner

The same group? They sounded pretty convincing, but my dad has heard similar stories from other property managers offering the same kind of services, and the people who signed on to it ended up getting very poor returns. I just don't want to be blindsided