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

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HELLO HELLO
post Oct 25 2018, 09:00 PM

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Now property sale and rental market already Sibeh kaolat koyak jialat. Lagi impose this rules. More condo unit popping in lelong market.
HELLO HELLO
post Oct 29 2018, 08:48 PM

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QUOTE(seikoho1 @ Oct 29 2018, 01:49 PM)
Airbnb don’t really work in Malaysia as hotel
Prices are cheap and affordable for visitors
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Where got?

Sibeh work well in malaisiao. Hotel per night how much and how many pipu can fit? 3-4 pp?

Using same amount of money a family of 4-5pp or 2 small families group can get a place on Airbnb.

And Airbnb doesn’t mean cheap. It has super expensive listing, in Malasiao there are listings more than rm1k to rm2k per night. Demand is sibeh high. Some time can fully booked for whole month.

In overseas there are whole island for rent on airbnb, with about rm10k/night, you can own the whole island for a night. No pray play with the demand also. Hardly can book a night.




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post Oct 29 2018, 09:00 PM

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QUOTE(BEANCOUNTER @ Oct 29 2018, 01:37 AM)
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.
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Susah liao. Rm300/night for Ini macam punya listing standard hardly can get a booking. Almost impossible.
3-4 years ago market maybe. For today market want Ini Macam price, unless 1 unit can pack up to 9-10+ Above pipu per unit.

Now the market is spoiled with sibeh manyak choice, and Airbnb bookers become very picky, not purely about low price. No doubt manyak want economical 1. But some are not... style, design and experience come first than price. Just need to be unique. Just only good ID not enough to satisfy them.

This post has been edited by HELLO HELLO: Oct 29 2018, 09:01 PM
HELLO HELLO
post Oct 29 2018, 10:31 PM

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QUOTE(DrPitchard @ Oct 29 2018, 10:11 PM)
I once tried AirBnB. The initial part, to kick start, is damn tough. Since with 0 ratings, its hard to get people to notice. Had to throw price like hell for the first few bookings. Once had bookings and rating start to build up, then price slowly increase to.

Possible to reach a decent income which is much more than the normal rental gain. Nevertheless, time consuming and tiring, especially if one only manages one unit on a part time basis. Thus, decided to give up in the end and swap back to normal rental strategy.
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With ok ID normal unit want to Airbnb out and earn above long term rental already long gone liao. 3 years back can hit 10+k a month, now no more this kind of song liao. Unless the listing is super unique.

Manyak owner want long term rent, but empty few months cannot rent out. So rugi rugi put Airbnb to stop the bleeding only, Memang cannot cover the loan but better than nothing.



 

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