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

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nexona88
post Oct 28 2018, 11:33 AM

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Well u just got bad luck..
Normally its all okay...

And owners nowadays don't have the time... So they sub it to agents...
BEANCOUNTER
post Oct 28 2018, 01:27 PM

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QUOTE(icemanfx @ Oct 28 2018, 09:49 AM)
Airbnb is a commercial activity, increase demand and price of residential units; is detrimental to those looking to buy first home, should be banned from residential units.
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You got any fact or data to supporr yr case of airbnb increases the prices of resi units?

And who misses out in buying their 1st home?
icemanfx
post Oct 28 2018, 02:08 PM

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QUOTE(BEANCOUNTER @ Oct 28 2018, 01:27 PM)
You got any fact or data to supporr yr case of airbnb increases the prices of resi units?

And who misses out in buying their 1st home?
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Many owner become airbnb operator because they couldn't find long term tenants or rental is at below expectation. If airbnb is banned from residential units; those bought to rent and couldn't rent out are likely to let go at a cheaper price.

This post has been edited by icemanfx: Oct 28 2018, 02:12 PM
BEANCOUNTER
post Oct 28 2018, 02:16 PM

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QUOTE(icemanfx @ Oct 28 2018, 02:08 PM)
Many owner become airbnb operator because they couldn't find long term tenants or rental is at below expectation. If airbnb is banned from residential units; those bought to rent and couldn't rent out are likely to let go at a cheaper price.
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U still havent asnwered the question.

Do you have any facts or datas to support that airbnb increased the price of resi property?

Also do you have any data of on average how many % of a resi condo being used as airbnb?
icemanfx
post Oct 28 2018, 03:03 PM

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QUOTE(BEANCOUNTER @ Oct 28 2018, 02:16 PM)
U still havent asnwered the question.

Do you have any facts or datas to support that airbnb increased the price of resi property?

Also do you have any data of on average how many % of a resi condo being used as airbnb?
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A new, not-yet-published working paper suggests the popular home-sharing service might do just that. The researchers looked at rents and home prices in the 100 largest metro areas in the U.S. between 2012 and 2016. They found that a 10% increase in Airbnb listings leads to a 0.39% increase in rents and a 0.64% increase in house prices.

https://www.wsj.com/articles/how-airbnb-aff...ents-1508724361

https://www.citylab.com/equity/2018/03/what...rk-city/552749/

https://www.aeaweb.org/conference/2018/prel.../paper/sna9Y7s3

http://www.sharebetter.org/wp-content/uplo...erm-Rentals.pdf

This post has been edited by icemanfx: Oct 28 2018, 03:05 PM
BEANCOUNTER
post Oct 28 2018, 03:10 PM

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QUOTE(icemanfx @ Oct 28 2018, 03:03 PM)
A new, not-yet-published working paper suggests the popular home-sharing service might do just that. The researchers looked at rents and home prices in the 100 largest metro areas in the U.S. between 2012 and 2016. They found that a 10% increase in Airbnb listings leads to a 0.39% increase in rents and a 0.64% increase in house prices.

https://www.wsj.com/articles/how-airbnb-aff...ents-1508724361

https://www.citylab.com/equity/2018/03/what...rk-city/552749/

https://www.aeaweb.org/conference/2018/prel.../paper/sna9Y7s3

http://www.sharebetter.org/wp-content/uplo...erm-Rentals.pdf
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Oh no......an average price increase of 0.64% wtf....how is nww owners are going to afford a new homes already????

Wait...shouldnt house prices increase jn tandem w unflation?
US inflation is below 1% ah?

AskarPerang
post Oct 28 2018, 09:00 PM

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QUOTE(icemanfx @ Oct 28 2018, 09:49 AM)
Airbnb is a commercial activity, increase demand and price of residential units; is detrimental to those looking to buy first home, should be banned from residential units.
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RUMAHWIP / PPA1M, cater for first home buyer, as their first home to stay.

But look here:
Sentulmas: https://www.airbnb.com/rooms/27128458
Pandanmas: https://www.airbnb.com/rooms/28209578
Puchongmas: https://www.airbnb.com/rooms/26692697

PPAM Kepong: https://www.airbnb.com/rooms/27837127
PPAM Bukit Jalil: https://www.airbnb.com/rooms/27638290


Haha. People fully exploit these affordable housing now. devil.gif
genyproperty
post Oct 28 2018, 10:13 PM

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QUOTE(AskarPerang @ Oct 26 2018, 08:09 AM)
Even after M City ban airbnb, if you search the website, still can find ads listing over there.
I would say still able to do it. Just need to pakat with the guests (brief them what to say) and you must be around to check the guests in, hand them the keys / access cards personally. Even maybe checking out time also you must be around. More hassle. So is it worth the time and effort to manage? Guess not anymore.
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Why must be around when guest check in? Even if self check in if its done correcty it also can be done without alarming the residents there

This post has been edited by genyproperty: Oct 29 2018, 07:25 AM
BEANCOUNTER
post Oct 28 2018, 10:59 PM

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QUOTE(genyproperty @ Oct 28 2018, 10:13 PM)
Why must be around when guest check in? Even if self check in if ita done correcty it also can be done without alarming the residents there
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It just assume that the mail box door is locked and you cant ask the guard to assist you

How yr guest is going to self check in?
DesRed
post Oct 28 2018, 11:03 PM

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QUOTE(genyproperty @ Oct 28 2018, 10:13 PM)
Why must be around when guest check in? Even if self check in if ita done correcty it also can be done without alarming the residents there
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Again, like what Bean mentioned, will any nearby resident or neighbour care who does what with their own unit? I lived in a condo for a few years dy and couldn't be bothered with my neighbours living next door to me on the same floor. Heck, I'm only familiar with the neighbours on my floor, but not those living below or above me. The only time we had to lodge a complaint is when we noticed our ceiling was discoloured and damp due to a water leak from the unit above ours.

And if the owner wants (or not) to personally meet the guest, that's his/her prerogative.
submergedx
post Oct 28 2018, 11:37 PM

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QUOTE(AskarPerang @ Oct 28 2018, 09:00 PM)
RUMAHWIP / PPA1M, cater for first home buyer, as their first home to stay.

But look here:
Sentulmas: https://www.airbnb.com/rooms/27128458
Pandanmas: https://www.airbnb.com/rooms/28209578
Puchongmas: https://www.airbnb.com/rooms/26692697

PPAM Kepong: https://www.airbnb.com/rooms/27837127
PPAM Bukit Jalil: https://www.airbnb.com/rooms/27638290
Haha. People fully exploit these affordable housing now.  devil.gif
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WOW RM300 per night, 5 nights per month enough to cover the loan already lar.

This post has been edited by submergedx: Oct 28 2018, 11:38 PM
BEANCOUNTER
post Oct 29 2018, 01:37 AM

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QUOTE(submergedx @ Oct 28 2018, 11:37 PM)
WOW RM300 per night, 5 nights per month enough to cover the loan already lar.
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Generally for airbnb if you rent out 15days its more than enuf to either break even or with positive cash flow already.

I didnt check which of the above property can denand rm300 but obviously the owner is dreaming.
genyproperty
post Oct 29 2018, 07:27 AM

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QUOTE(BEANCOUNTER @ Oct 28 2018, 10:59 PM)
It just assume that the mail box door is locked and you cant ask the guard to assist you

How yr guest is going to self check in?
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You must be new to airbnb. Nowadays most of the airbnb unit is self check in . You set a smart lock to your unit or a simple passcode lock to your mailbox. The password will be given to your guest prior their check in

This post has been edited by genyproperty: Oct 29 2018, 09:33 AM
DesRed
post Oct 29 2018, 09:04 AM

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QUOTE(genyproperty @ Oct 29 2018, 07:27 AM)
You must be new to airbnb. Nowadays most of the airbnb is self check in . You set a smart lock to your unit or a simple passcode lock to your mailbox and give to your guest prior their check in at the aibnb apps without your presence
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There are condos/serviced residences where the mailbox room require a keycard access. Should that be the case, then the owner have no choice but to make himself/herself available in order to attend to the guest(s). That or the owner can notify the guard to allow the guest(s) access to the mailbox room once he/she gives the unit number.

I'm just only assuming here since I've not booked an airbnb unit in a condo with this kind of setup. From my experience, most of them are open and you just head to the unit's mailbox (which uses a passcode type of padlock), get the keys and keycard, and go straight to the unit itself.
AskarPerang
post Oct 29 2018, 09:18 AM

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QUOTE(genyproperty @ Oct 29 2018, 07:27 AM)
You must be new to airbnb. Nowadays most of the airbnb is self check in . You set a smart lock to your unit or a simple passcode lock to your mailbox and give to your guest prior their check in at the aibnb apps without your presence
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For places that already ban airbnb / homestay / short term rental, the easiest method to make life hard for those still want to operate, is to install a door which require access card at the mailroom.

Another method is to disallow passcode / digital lock at the mailbox. All must use key.

This post has been edited by AskarPerang: Oct 29 2018, 09:19 AM
gks
post Oct 29 2018, 10:26 AM

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For the pro Airbnb forumners here, your views are from the lense of Airbnb users, investors or are you now staying in condo where significant units ran as Airbnb?


nexona88
post Oct 29 2018, 10:56 AM

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QUOTE(submergedx @ Oct 28 2018, 11:37 PM)
WOW RM300 per night, 5 nights per month enough to cover the loan already lar.
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Hahaha..
RM 300 per night...
Good luck with that pricing..
BEANCOUNTER
post Oct 29 2018, 11:01 AM

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QUOTE(genyproperty @ Oct 29 2018, 07:27 AM)
You must be new to airbnb. Nowadays most of the airbnb unit is self check in . You set a smart lock to your unit or a simple passcode lock to your mailbox. The password will be given to your guest prior their check in
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I think you must be new to airbnb scene my friend.

Whatever u mentioned here are the old trick. And mostly used by airbnb operators. Bcos they simply dun care abt meet n greet. Bcos the property is not theirs.

I applause desRed. Despite not living in an airbnb b4 he knows exactly the tricks and ways.

You on the other hand...have no knowledge of how airbnb operate and the ban going on, if implimented
BEANCOUNTER
post Oct 29 2018, 11:07 AM

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QUOTE(gks @ Oct 29 2018, 10:26 AM)
For the pro Airbnb forumners here, your views are from the lense of Airbnb users, investors or are you now staying in condo where significant units ran as Airbnb?
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I think in KV only few apartment blocks are having significant airbnb guests....and mostly they are in kul city centre.

My rough guesses are summer suites regalia vortex the face.
How i know....bcos i watched plenty of Visit Malai utube...

And the rest and those out of kl cbd....even if they do have airbnb operation....the % of airbnb units vs long term guests and ownstayers are not significant at all.

At best any one time u search airbnb...few units will come out only. Usually not more than 10.

Hence i dun understand why ppl are so scary sheet abt airbnb.
icemanfx
post Oct 29 2018, 11:09 AM

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QUOTE(BEANCOUNTER @ Oct 29 2018, 11:07 AM)
I think in KV only few apartment blocks are having significant airbnb guests....and mostly they are in kul city centre.

My rough guesses are summer suites regalia vortex the face.
How i know....bcos i watched plenty of Visit Malai utube...

And the rest and those out of kl cbd....even if they do have airbnb operation....the % of airbnb units vs long term guests and ownstayers are not significant at all.

At best any one time u search airbnb...few units will come out only. Usually not more than 10.

Hence i dun understand why ppl are so scary sheet abt airbnb.
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Similar reason for ph.


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