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Is air bnb worth the effort? , Just one unit...
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TSmoon yuen
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 Jul 16 2019, 07:08 PM
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QUOTE(kenlimfornication @ Jul 16 2019, 06:08 PM) Because renting a whole condominium/apartment is not something that happens in Penang? Most people who are willing to rent a place are those who 1. Cannot afford place in a short term. 2. People who move to work in Penang. Both of these cases are extremely low. Hence, lesser people would want to rent under 1 year contract. Simple logic. To answer TS. I have a friend who has an Airbnb in KL. The money is quite good but high risk as 1 bad tenant can ruin the entire house. There are many cases where people use the house for partying etc. So if you want some income then need to choose the tenant properly based on review. Do not rent to people with no reviews. Yup, Penang fetch low rental. |
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Hunakadoo
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Jul 16 2019, 08:54 PM
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Not worth
unless you're staying inside trying to rent our ur room as airbnb
Then it's ok for doing that to earn some income
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Irresistible
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Jul 16 2019, 09:19 PM
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QUOTE(Bjorn1688 @ Jul 16 2019, 06:36 PM) It’s too far away for you to manage it. Giving to operator is okay but it means you will be feeding the operator first before feeding yourself. Just curious, how to find operator? |
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heavensea
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Jul 16 2019, 09:37 PM
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Yes.
Unit will be well keep.
Might get extra income than monthly rental
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nexona88
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Jul 16 2019, 09:39 PM
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QUOTE(moon yuen @ Jul 16 2019, 03:40 PM) Tanjung Tokong is good location. Sure can.. but I'm sure your neighbor also thinking the same.. So competition is high 🤭 |
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dave1987
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Jul 16 2019, 10:05 PM
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If earn rm 100.. Per day better dont
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Quang1819
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Jul 16 2019, 10:57 PM
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Way too subjective to give a direct answer, yes or no.
If you have tourist who rents it, be it 3-4 days week, as long it can cover your loan or even your maintenance fees as well. Then why not? Of course it'll be worthwhile though you have to travel back and forth for handling and collecting keys and so on.
If you tend to have only 1 or 2 days stay, then of course its unworthy.
One of my friends even rent other people's properties and did some makeover to rent it out as Airbnb. Thats all he does for living lol
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Quang1819
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Jul 16 2019, 10:59 PM
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QUOTE(dave1987 @ Jul 16 2019, 10:05 PM) If earn rm 100.. Per day better dont 100 per day is well worth it too. You've already covered the cost of everything, some more can earn from it whilst heavy supply? I'd its hell of a worthy. |
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icemanfx
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Jul 16 2019, 11:32 PM
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Airbnb published it's data recently yet most chose to ignore or believe they are exception from norm.
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TSmoon yuen
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Jul 16 2019, 11:44 PM
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QUOTE(icemanfx @ Jul 16 2019, 11:32 PM) Airbnb published it's data recently yet most chose to ignore or believe they are exception from norm. Pls share ur info... |
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Red_rustyjelly
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Jul 16 2019, 11:49 PM
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i had a condo, renting to a small family for RM 1.3k a month
my friend bought the same, hes been doing airbnb. can earn about RM 2k + - a month. sometimes less than 1k.
every week go there clean, every 1 year have to refurbish a bit wall, paint, furnitures repair. cause people to move in and out knocking things. those are the cost.
also, probably the condo is too big that solo travelers don't book them. i guess studio apartment is better for airbnb.
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icemanfx
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Jul 17 2019, 02:23 AM
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QUOTE(icemanfx @ Jul 16 2019, 10:57 AM) According to Airbnb; average occupancy is about 60+ room night p.a. QUOTE(moon yuen @ Jul 16 2019, 11:44 PM) |
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Bjorn1688
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Jul 17 2019, 02:46 PM
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QUOTE(Irresistible @ Jul 16 2019, 09:19 PM) Just curious, how to find operator? Google AirBNB Operator in the area your property is located at and usually one or two would show up. The other way is list your property on AirBNB and these vultures will contact you in no time. |
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