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

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danielSinclair
post Sep 27 2020, 10:10 PM

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QUOTE(Hofmann33 @ Sep 17 2020, 01:39 PM)
Always see this topic come up, think people should be aware that there can be some consequences to ban Airbnb at your building that you should take note of.
1. Your Property Could Lose Value
2. Your Rental Income Could be Reduced
3. Your Condo Maintenance will suffer

Not 100% that these things will occur in every building la but it's possible to have this effect. So, before simply opposing, might just want to consider these outcomes.

https://blog.rentandreturns.com/why-you-don...-to-ban-airbnb/
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any suggest good airbnb operator with lower management fees? hmm.gif hmm.gif hmm.gif
mini orchard
post Sep 27 2020, 10:30 PM

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QUOTE(danielSinclair @ Sep 27 2020, 10:10 PM)
any suggest good airbnb operator with lower management fees?  hmm.gif  hmm.gif  hmm.gif
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I strongly advise to self manage.
danielSinclair
post Sep 27 2020, 11:09 PM

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QUOTE(mini orchard @ Sep 27 2020, 10:30 PM)
I strongly advise to self manage.
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Not easy to cleaning everytime guest checkout 😫
mini orchard
post Sep 28 2020, 06:47 AM

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QUOTE(danielSinclair @ Sep 27 2020, 11:09 PM)
Not easy to cleaning everytime guest checkout 😫
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If you dont mind less income .... management co takes a big chunk besides those listing platforms.

There are always part time cleaners available and even if you pay them good rates, is cheaper than paying management fees.

Many I know finally took back from management co eventually ....

This post has been edited by mini orchard: Sep 28 2020, 08:06 AM
DesRed
post Sep 28 2020, 10:08 AM

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danielSinclair You could try visiting the AirBnB Community Forum for further info on how they manage their units. I see more feedback there compared to this forum.
icemanfx
post Oct 5 2020, 03:56 PM

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The Federal Court today ruled that management corporation bodies of residential strata buildings, through their own house rules, can prohibit short-term rental of residential units in their buildings.

A three-member bench, chaired by Chief Justice Tengku Maimun Tuan Mat, said even if the state authority permitted the use of the land for commercial purposes, such use was still subject to other laws in force such as the Strata Management Act 2013.

“Hence, the passing of the house rules is not unlawful,” she said in affirming the decisions of the High Court and the Court of Appeal in dismissing an appeal by four appellants.

https://www.freemalaysiatoday.com/category/...les-apex-court/


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