Airbnb vs Long Term Rent - Which One is BETTER???

Airbnb vs Long Term Rent - Which One is BETTER???
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[@leeaaron7856]

Good video! I like your practical analysis on this comparison.

[@AlphaMarketingSG]

@leeaaron7856 thank you

[@TheAmar89]

Great analysis! I'm considering to buy a direct seaview unit in Melaka at Cove Residence next to Encore Melaka. But not sure if Airbnb can perform well because there is high competition. What do you think? It is worth investing for short term or long term rental?

[@MavicOng]

I’m also contemplating to whether buy this project or not. I’m currently selling it and by looking at the trends of people visiting melaka and going to this area, it does seem like a good opportunity. But as you said, the competition is definitely there. Still doing some research on this

[@TheAmar89]

@@MavicOng I believe the risk is low if you buy a seaview unit because this is the only direct seaview project in whole Melaka. If you buy other blocks like B or C it's a risk because the view will be obstructed in future if there are high-rise buildings and eventually the occupancy will be low.

[@MavicOng]

@@TheAmar89 ya true and mainly coz it’s considered quite scarce in terms of availability

[@AlphaMarketingSG]

@TheAmar89 a condo should naturally have long term demand. If it does not, it should be a hotel

[@steventay5834]

Depends on the rental market lah. If rent is going down, long term is better. Air bnb commands higher rent but troublesome and will have vacant period.

[@AlphaMarketingSG]

If long term rent is high, then do long term. Real demand is from long term. If a project has too many Airbnb, then there is something wrong with that project because nobody want to rent long term

[@wenkoh6267]

Hi Ryan. I'm a retiree. May I know which are the more popular & able to demand better price properties for Airbnb in JB city? I have bought Space Residency for myself & my friend is interested but wish to know what other choices she can consider. Thank you.

[@AlphaMarketingSG]

@@wenkoh6267 difficult to say, as long term rents have improved alot in JB, as I mentioned in my video, Airbnb becomes less attractive for many properties. If you are looking at a purely $ perspective

[@hl0ng]

Depending whether you're smart or stupid. Most people are smart.

[@AlphaMarketingSG]

@@hl0ng ???

[@zhihuitan5008]

Does Airbnb also need to pay the 30% tax as per long term rent?

[@AlphaMarketingSG]

@@zhihuitan5008 technically yes

[@Samlowkiapeng1888]

Airbnb also have to factor in a heavy risk premium... long term rental is already unsafe and troublesome enough such that some investors choose to leave their JB units empty... imagine airbnb everyday got some trouble... no security deposit to deduct from... so many guests passing by every day that the risk of theft, squatters (everytime got people squat landlord have to go down to chase. cannot chase have to get court eviction notice. imagine do this for a dozen times a year you give up already), fire, or permanent damage to the furnishings and renovations is more than enough to outweigh the pros of airbnb, not to mention the occupancy rates and the elevated utilities price. I wanted to do airbnb as well but then i figured that doing airbnb is the dumbest thing ever. Leave it to the hotels who are experienced in short term accommodation

[@AlphaMarketingSG]

wont be everyday got trouble la haha

[@Samlowkiapeng1888]

@@AlphaMarketingSG for real? based on your own experience? I started reading airbnb horrors on reddit and it is messed up. Guests peeing and shitting on beds to vent their anger, stealing or selling all sorts of stuff, squatting and refusing to move out, physically fighting with the hosts, suing the hosts. I see already i already want to puke and dont have the inner strength to continue looking at the other horror stories in the forum. Property is like car. Imagine rent out your car to some random joker everyday. Bound to GG sooner or later.

[@AlphaMarketingSG]

@@Samlowkiapeng1888 there can be extreme horror stories for every situation. it doesnt mean they are common