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Investment AIRBNB unfriendly condo, Please help input if you know of those

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godlikexioo
post May 30 2019, 05:13 PM

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Why people look for AirbnB, because cheap than hotel.
Why people look for home stay because it allow 1 kampung to stay in the unit, lagi cheap. Those look for cheap mean always like take advantage to others. Judge Ur self.

Simple ur guess u manage, not MO duties to take care Ur guess. When MO involve is halau keluar that all.
gks
post May 30 2019, 05:30 PM

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QUOTE(aaronpang @ May 30 2019, 05:04 PM)
Sort-term rental helps owners earn extra income and give tourist greater choice. While helping Malaysia grow tourism.

Like Uber and Grab, Airbnb will be recognized and regulated which isn't a ban.

So lazy Councillors and MO will still have to do their jobs.
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Hotel already come out and highligted the concern of these Airbnb that not on level playing and as well cannibalise their business.

The standard of hospitality of Airbnb operators is less to be desirable. I wouldn't stay in Airbnb in Malaysia unless I am on low budget.

Like forumners say.. MO and JMB/MC job is not to manage guests and whine of owners.... There are too many appalling owners and operators out there who think otherwise...

This post has been edited by gks: May 30 2019, 05:31 PM
aaronpang
post May 30 2019, 05:32 PM

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QUOTE(Siao_Lang @ May 30 2019, 05:01 PM)
You must be one of the airbnb operator? Or either youve never been to an airbnb run abode before?

Do you think Security guard get paid to look after airbnb guests? Security guard is not responsible for check in check out guests. Do they get profit out of airbnb rented unit? Yes? No? If yes, of course they will serve your guests.

Management Office rols is to take into consideration of the DMC signed between vendors and developers, which is ultimately to ban airbnb if its deemed nuisance.. Hahahah... Like what has been implemented in most residences..

Ignorance is bliss!

Airbnb Operator -profit oriented, they dont care whether your property damage, depreciation value of property and damages in long run or not, all they want is 100% profit..

Ive also seen the aftermath of airbnb operated unit, after airbnb operator decided to surrender to owner. Lots of unpaid utilities bills, damages internally which must be explored thoroughly and vice versa. Period!
*
Stupidity is infinite! Everybody wants to profit be they owners, short or long term renters.

Yes I rent my apartment on and off via Airbnb. The profits are used to pay maintenance fees and sinking fund.
If the building is rundown or pool is dirty I cannot rent.

Quite the contrary operators want building to be well maintained and serviced to be sustainable.

QUOTE
For instance, luxury condo turned to be a low class condo with people entering swimming pool with their clothes on, one unit can stay up to 10ppl or more, party music in the middle of night, lift waiting time increases. Check in guest accumulating in the lobby area.... and much more... My gosh, the horrendous experiences.
So what are the guards doing, sleeping, watching youtube?





aaronpang
post May 30 2019, 05:33 PM

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QUOTE(gks @ May 30 2019, 05:30 PM)
Hotel already come out and highligted the concern of these Airbnb that not on level playing and as well cannibalise their business.

The standard of hospitality of Airbnb operators is less to be desirable. I wouldn't stay in Airbnb in Malaysia unless I am on low budget.

Like forumners say.. MO and JMB/MC job is not to manage guests and whine of owners.... There are too many appalling owners and operators out there who think otherwise...
*
Hoteliers have their own agenda to corner for themselves.

They're not altruistic.
gks
post May 30 2019, 05:52 PM

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QUOTE(aaronpang @ May 30 2019, 05:32 PM)
Stupidity is infinite! Everybody wants to profit be they owners, short or long term renters.

Yes I rent my apartment on and off via Airbnb. The profits are used to pay maintenance fees and sinking fund.
If the building is rundown or pool is dirty I cannot rent.

Quite the contrary operators want building to be well maintained and serviced to be sustainable.
So what are the guards doing, sleeping, watching youtube?
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U r wrong again.. Operators just offer lips service the building want to be well maintained... However they are not managing their own guests..

Someone keep contradict himself.
Siao_Lang
post May 30 2019, 09:43 PM

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QUOTE(aaronpang @ May 30 2019, 05:32 PM)
Stupidity is infinite! Everybody wants to profit be they owners, short or long term renters.

Yes I rent my apartment on and off via Airbnb. The profits are used to pay maintenance fees and sinking fund.
If the building is rundown or pool is dirty I cannot rent.

Quite the contrary operators want building to be well maintained and serviced to be sustainable.
So what are the guards doing, sleeping, watching youtube?
*
I dont understand someone who thinks that he is so damn smart... Well there's a point why people come here for advices, sharing of information, discussing and debating..

To say that stupidity is infinite is somewhat condescending... This determines someone's character already.. Hahahaha!!! Selfish...

Try working as a guard for once and you will know more about their job.. Since you're so superior, try to stoop lower and put yourself in one's shoe.

No wonder you're unable to secure long term tenant and had to rent out your property via airbnb.. Owner's character...
Bjorn1688
post May 31 2019, 03:21 AM

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In time to come most residential condos will place a ban on AirBNB.

The main issue is privacy, most highend condos already prohibit AirBNB operators. Some have gone to the extent of banning it altogether.

The place I live in, they placed several restrictions. The first thing they implemented was number plate recognition and biometric access systems. Then parking charges for any car that comes in that can't pass through on the number plate recognition. You need a registered finger print to activate the elevator. Free registration for all owners and registered occupants, tenants with a 1 year or more stamped tenancy agreement, anyone else RM100 per day per finger print. Visitor parking lots are charged at RM8 per hour except between 12am-8am where it is charged at RM20 per hour.

Of the 90 units, 70 voted in favour, 15 opposed and the rest absent. The 15 were doing AirBNB through proxy agents/operators.

I had no issues with the ban as there are many hotels in the area as are purpose built service residents, no need to stay in this place.

Oh yes, in the 2 months this was put in place, there are no more AirBNBs operating here and no more weekends where idiots run and use the corridor as a place to party and smoke.
Siao_Lang
post May 31 2019, 11:37 AM

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QUOTE(Bjorn1688 @ May 31 2019, 03:21 AM)
In time to come most residential condos will place a ban on AirBNB.

The main issue is privacy, most highend condos already prohibit AirBNB operators. Some have gone to the extent of banning it altogether.

The place I live in, they placed several restrictions. The first thing they implemented was number plate recognition and biometric access systems. Then parking charges for any car that comes in that can't pass through on the number plate recognition. You need a registered finger print to activate the elevator. Free registration for all owners and registered occupants, tenants with a 1 year or more stamped tenancy agreement, anyone else RM100 per day per finger print. Visitor parking lots are charged at RM8 per hour except between 12am-8am where it is charged at RM20 per hour.

Of the 90 units, 70 voted in favour, 15 opposed and the rest absent. The 15 were doing AirBNB through proxy agents/operators.

I had no issues with the ban as there are many hotels in the area as are purpose built service residents, no need to stay in this place.

Oh yes, in the 2 months this was put in place, there are no more AirBNBs operating here and no more weekends where idiots run and use the corridor as  a place to party and smoke.
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Whoa..Very Good to hear that indeed.. Airbnb or any short term stay must be strictly regulated or abolish altogether.

The implementation of security system in your place is good. This must be for high end places.. Some landed properties like USJ Heights after the horror break in experiences have implemented the Visitor Management System for access to the compound. They require QR code and approval from owners before entering the compound.
ManutdGiggs
post May 31 2019, 11:47 AM

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Finally we found someone with gostan mode mentality ignoring the new strata rules as well as the right of all Strata prop owners.

Oh yeah the sthg sthg is definitely infinite.
Bjorn1688
post Jun 1 2019, 01:23 AM

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QUOTE(Siao_Lang @ May 31 2019, 11:37 AM)
Whoa..Very Good to hear that indeed.. Airbnb or any short term stay must be strictly regulated or abolish altogether.

The implementation of security system in your place is good. This must be for high end places.. Some landed properties like USJ Heights after the horror break in experiences have implemented the Visitor Management System for access to the compound. They require QR code and approval from owners before entering the compound.
*
Our JMB studied that model used by USJ Heights. We implemented a different system.

First thing we started with? We increased the number of security guards and hired only ex-armed forces personnel to be security guards mainly from East Malaysia and we pay them above industry average for a security guard. No foreign guards at all and we made all the guards carry a phone that tracked them so we always knew where they were. Plenty more CCTVs were installed and many of them could record conversations. One reason why we don't have cases of owners bribing their way in? Very simple, we find a guard that is on the take they are sacked straight away. No card or finger to forget.

Next thing we implemented, Owners wanting to sell or rent out their unit must go through the MO as the main agent. Any renovations or maintenance work can only be carried out by 1 of 5 on our approved panel of handymen or contractors. Cleaners or maid services? Request from the MO, they will send someone over.

Next thing we did, we implemented a zero tolerance towards maintenance fees tardiness. You have 7 days to pay else your car park and lift access gets blocked. You can still go to your unit just that you have to park outside and then use the stairs.
Not settled within 14 days? You won't be able to turn on your central air conditioning. Not paid within 21 days? The water pressure in your unit would be very low and the hot water will be switched off. After that LoDs will go out from our panel lawyer. In hindsight this should have been implemented first as once this was strictly enforced quite a few AirBNBs stopped as all of the units that we identified as AirBNB were also the ones that rarely ever paid their maintenance fees if at all. But we had to implement the security system first to make those who felt the MO wasn't doing anything see that something was being done.

Needless to say not everyone was happy about this, my car was scratched bumper to bumper and I found the bonnet and roof dented after we passed this resolution. 5 units which had a neighbour that was doing AirBNB had their cars vandalised, 1 had his door splashed with paint and one had someone poo on her doormat. One German bloke had his family threatened by an AirBNB operator because he was one of the more vocal ones during the AGM to voice out against this issue and had his car windows smashed in.

Thankfully place has improved a lot since then.
impulsebeat
post Jun 1 2019, 03:22 PM

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QUOTE(Bjorn1688 @ Jun 1 2019, 01:23 AM)
Our JMB studied that model used by USJ Heights. We implemented a different system.

First thing we started with? We increased the number of security guards and hired only ex-armed forces personnel to be security guards mainly from East Malaysia and we pay them above industry average for a security guard. No foreign guards at all and we made all the guards carry a phone that tracked them so we always knew where they were. Plenty more CCTVs were installed and many of them could record conversations. One reason why we don't have cases of owners bribing their way in? Very simple, we find a guard that is on the take they are sacked straight away. No card or finger to forget.

Next thing we implemented, Owners wanting to sell or rent out their unit must go through the MO as the main agent. Any renovations or maintenance work can only be carried out by 1 of 5 on our approved panel of handymen or contractors. Cleaners or maid services? Request from the MO, they will send someone over.

Next thing we did, we implemented a zero tolerance towards maintenance fees tardiness. You have 7 days to pay else your car park and lift access gets blocked. You can still go to your unit just that you have to park outside and then use the stairs.
Not settled within 14 days? You won't be able to turn on your central air conditioning. Not paid within 21 days? The water pressure in your unit would be very low and the hot water will be switched off. After that LoDs will go out from our panel lawyer. In hindsight this should have been implemented first as once this was strictly enforced quite a few AirBNBs stopped as all of the units that we identified as AirBNB were also the ones that rarely ever paid their maintenance fees if at all. But we had to implement the security system first to make those who felt the MO wasn't doing anything see that something was being done.

Needless to say not everyone was happy about this, my car was scratched bumper to bumper and I found the bonnet and roof dented after we passed this resolution. 5 units which had a neighbour that was doing AirBNB had their cars vandalised, 1 had his door splashed with paint and one had someone poo on her doormat. One German bloke had his family threatened by an AirBNB operator because he was one of the more vocal ones during the AGM to voice out against this issue and had his car windows smashed in.

Thankfully place has improved a lot since then.
*
Sorry for your bad experience. Always some extremist everywhere
tometoto
post Jun 1 2019, 10:37 PM

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QUOTE(Bjorn1688 @ Jun 1 2019, 01:23 AM)
Our JMB studied that model used by USJ Heights. We implemented a different system.

First thing we started with? We increased the number of security guards and hired only ex-armed forces personnel to be security guards mainly from East Malaysia and we pay them above industry average for a security guard. No foreign guards at all and we made all the guards carry a phone that tracked them so we always knew where they were. Plenty more CCTVs were installed and many of them could record conversations. One reason why we don't have cases of owners bribing their way in? Very simple, we find a guard that is on the take they are sacked straight away. No card or finger to forget.

Next thing we implemented, Owners wanting to sell or rent out their unit must go through the MO as the main agent. Any renovations or maintenance work can only be carried out by 1 of 5 on our approved panel of handymen or contractors. Cleaners or maid services? Request from the MO, they will send someone over.

Next thing we did, we implemented a zero tolerance towards maintenance fees tardiness. You have 7 days to pay else your car park and lift access gets blocked. You can still go to your unit just that you have to park outside and then use the stairs.
Not settled within 14 days? You won't be able to turn on your central air conditioning. Not paid within 21 days? The water pressure in your unit would be very low and the hot water will be switched off. After that LoDs will go out from our panel lawyer. In hindsight this should have been implemented first as once this was strictly enforced quite a few AirBNBs stopped as all of the units that we identified as AirBNB were also the ones that rarely ever paid their maintenance fees if at all. But we had to implement the security system first to make those who felt the MO wasn't doing anything see that something was being done.

Needless to say not everyone was happy about this, my car was scratched bumper to bumper and I found the bonnet and roof dented after we passed this resolution. 5 units which had a neighbour that was doing AirBNB had their cars vandalised, 1 had his door splashed with paint and one had someone poo on her doormat. One German bloke had his family threatened by an AirBNB operator because he was one of the more vocal ones during the AGM to voice out against this issue and had his car windows smashed in.

Thankfully place has improved a lot since then.
*
if you done mine. could you pls share how much mantenance fee per sq feet. because i believe the couse for mo very high.
Siao_Lang
post Jun 2 2019, 12:19 AM

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QUOTE(Bjorn1688 @ Jun 1 2019, 01:23 AM)
Our JMB studied that model used by USJ Heights. We implemented a different system.

First thing we started with? We increased the number of security guards and hired only ex-armed forces personnel to be security guards mainly from East Malaysia and we pay them above industry average for a security guard. No foreign guards at all and we made all the guards carry a phone that tracked them so we always knew where they were. Plenty more CCTVs were installed and many of them could record conversations. One reason why we don't have cases of owners bribing their way in? Very simple, we find a guard that is on the take they are sacked straight away. No card or finger to forget.

Next thing we implemented, Owners wanting to sell or rent out their unit must go through the MO as the main agent. Any renovations or maintenance work can only be carried out by 1 of 5 on our approved panel of handymen or contractors. Cleaners or maid services? Request from the MO, they will send someone over.

Next thing we did, we implemented a zero tolerance towards maintenance fees tardiness. You have 7 days to pay else your car park and lift access gets blocked. You can still go to your unit just that you have to park outside and then use the stairs.
Not settled within 14 days? You won't be able to turn on your central air conditioning. Not paid within 21 days? The water pressure in your unit would be very low and the hot water will be switched off. After that LoDs will go out from our panel lawyer. In hindsight this should have been implemented first as once this was strictly enforced quite a few AirBNBs stopped as all of the units that we identified as AirBNB were also the ones that rarely ever paid their maintenance fees if at all. But we had to implement the security system first to make those who felt the MO wasn't doing anything see that something was being done.

Needless to say not everyone was happy about this, my car was scratched bumper to bumper and I found the bonnet and roof dented after we passed this resolution. 5 units which had a neighbour that was doing AirBNB had their cars vandalised, 1 had his door splashed with paint and one had someone poo on her doormat. One German bloke had his family threatened by an AirBNB operator because he was one of the more vocal ones during the AGM to voice out against this issue and had his car windows smashed in.

Thankfully place has improved a lot since then.
*
In my opinion, this can only be implemented in low density high end properties.. Properties RM 2Mil and above. Usually people who bought high end properties are for own stay.

Most investors dont really care about paying maintenance fees because they usually dont live there. That is why they succumb to lackadaisical attitude. Like those who dont mind using their property as airbnb due to inability to rent out.

Its said to see some owners with such mentality of vandalising properties. These are usually the type of people who Bo tak Chek (Uneducated). The role of MC/JMB is to enhance the value of property by improving the maintenance and management of property hence boosting the appeal of property, increasing demand and appreciation value of property.

Sad to see that some people just dont give a damn about appreciation value OF PROPERTY.

This post has been edited by Siao_Lang: Jun 2 2019, 12:20 AM
Bjorn1688
post Jun 2 2019, 02:12 AM

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QUOTE(impulsebeat @ Jun 1 2019, 03:22 PM)
Sorry for your bad experience. Always some extremist everywhere
*
It happens and thankfully it is over now.

QUOTE(tometoto @ Jun 1 2019, 10:37 PM)
if you done mine. could you pls share how much mantenance fee per sq feet. because i believe the couse for mo very high.
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The maintenance fees are RM.45 psf at the time of the AGM and raised to RM.50psf from July onward.

Average unit sizes 3500-3800sf.

For the implementation of this system, all units that voted in favour also agreed to contribute RM3000 each to buy and install the hardware required.

Any high end security systems won't be cheap especially when it is to do with biometric and cabling.

The good news is isn't difficult to achieve similar results utilising less expensive systems.

QUOTE(Siao_Lang @ Jun 2 2019, 12:19 AM)
In my opinion, this can only be implemented in low density high end properties.. Properties RM 2Mil and above. Usually people who bought high end properties are for own stay.

Most investors dont really care about paying maintenance fees because they usually dont live there. That is why they succumb to lackadaisical attitude. Like those who dont mind using their property as airbnb due to inability to rent out.

Its said to see some owners with such mentality of vandalising properties. These are usually the type of people who Bo tak Chek (Uneducated). The role of MC/JMB is to enhance the value of property by improving the maintenance and management of property hence boosting the appeal of property, increasing demand and appreciation value of property.

Sad to see that some people just dont give a damn about appreciation value OF PROPERTY.
*
It is a low density and was a very high end place when new, its value did take a slight dip when oil prices crashed. Today it is 80% owner occupiers, 15% long term tenants expatriate tenants and 5% are empty, it was this 5% of owners that caused the most trouble which in turn made 40% of units stop or were slow in paying the maintenance fees.

A higher density place should still be able to implement similar systems but ultimately it would depend on the team behind the JMB and whether there is a high proportion of owner occupiers that want to see such things implemented.

One way to avoid the high cost is to buy less expensive hardware, hire Nepalese guards from a reputable security contractor and make as many residents as possible to volunteer certain tasks (this is fairly easy to do in condos with many expats even if they are just Iranian expats) The key to its success lays on the programming of those access cards, each time the maintenance fees are paid the cards are reprogrammed only to work for that month only.

It was unfortunate some stooped so low but in a way I could understand why these people do such things, it is never easy to accept when someone pours sand in your rice bowl.
icemanfx
post Jul 5 2019, 10:58 AM

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PETALING JAYA: More Malaysians are relying on Airbnb to settle their mortgages given the property overhang that is engulfing the sector.

According to an Airbnb survey of more than 2,000 Malaysian hosts and guests, half of the Airbnb hosts said it had helped them pay for their homes while 40% said Airbnb provided a supplementary income for them to make ends meet.Malaysia is Airbnb’s fastest growing country in South-East Asia for the second consecutive year.

It saw more than 3.25 million guests in Malaysia over the past 12 months ended July 1, which translated to a 73% increase from the previous period.There are more than 53,000 Airbnb listings in the country.

Read more at https://www.thestar.com.my/business/busines...DtoYoA1JWO3T.99

3.25 million guests spread over 53,000 airbnb mean average 61.3 guests per airbnb unit, also mean majority of airbnb couldn't be profitable.

TStrust4you
post Jul 5 2019, 12:14 PM

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QUOTE(icemanfx @ Jul 5 2019, 10:58 AM)
PETALING JAYA: More Malaysians are relying on Airbnb to settle their mortgages given the property overhang that is engulfing the sector.

According to an Airbnb survey of more than 2,000 Malaysian hosts and guests, half of the Airbnb hosts said it had helped them pay for their homes while 40% said Airbnb provided a supplementary income for them to make ends meet.Malaysia is Airbnb’s fastest growing country in South-East Asia for the second consecutive year.

It saw more than 3.25 million guests in Malaysia over the past 12 months ended July 1, which translated to a 73% increase from the previous period.There are more than 53,000 Airbnb listings in the country.

Read more at https://www.thestar.com.my/business/busines...DtoYoA1JWO3T.99

3.25 million guests spread over 53,000 airbnb mean average 61.3 guests per airbnb unit, also mean majority of airbnb couldn't be profitable.
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Bosz, paste the whole article, incase nex time like the sin chan paper punya pinnaclye paid them lots of money to remove from website
mingyew
post Jul 5 2019, 02:33 PM

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if ban airbnb and owner suffer, then they just simply rent out in order to survive, long term also susah..
godlikexioo
post Jul 5 2019, 03:15 PM

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QUOTE(mingyew @ Jul 5 2019, 02:33 PM)
if ban airbnb and owner suffer, then they just simply rent out in order to survive, long term also susah..
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Hot in AirBnb are mainly those mid/mid-highend condo around 600k above. Don think owner willing to rent to bangala worker, but u wanna rent the Mid-highend condo to bangala they also dont wan coz not convenient to them.
Diver Lim
post Jul 5 2019, 03:24 PM

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Especially if under commercial titles (found more of the new launch highrise are commercial tile than residential tile), it's very hard to ban short term leasing (for now). Even if JMB can pass the motion to implement the additional by laws. Please beware that there is a risk owners could bring JMB to court for lose of income from their property.

This post has been edited by Diver Lim: Jul 5 2019, 03:25 PM
mingyew
post Jul 5 2019, 04:12 PM

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QUOTE(godlikexioo @ Jul 5 2019, 03:15 PM)
Hot in AirBnb are mainly those mid/mid-highend condo around 600k above. Don think owner willing to rent to bangala worker, but u wanna rent the Mid-highend condo to bangala they also dont wan coz not convenient to them.
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If really banned, some owner just ignore to rent to PH / Arab ... not necessary bangla worker.... they intention just want to survive, else will lelong and maintenance fees keep defaulting.

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