As rental yields fall in a soft property market, investors will need to opt for more creative methods to maximise their return on investment. One of the methods that is becoming increasingly popular is short-term rentals, or more commonly known as home-sharing or homestays.
To learn how to transform one’s unit into a homestay, StarPropertyTV spoke to Living Space co-founder Ikhram Merican. In this interview, Ikhram explains the characteristics of a successful homestay, the cost of setting up and maintaining a homestay, how to generate more leads and so on.
Breakdown of the interview:
Introduction to Ikhram
What is Living Space?
How did it all started?
What makes a homestay attractive?
Cost of furnishing
Simple methods for automated check-ins
Pictures MATTER
Are home-sharing business legal?
Who is Ikhram Merican?
Ikhram is a successful vacation rental entrepreneur with strong knowledge of property markets. He is also a keynote speaker, trainer and blogger. He was an award winning real estate negotiator, and writes prolifically about the vacation rental market and the property market. Since 2015, Ikhram has hosted over 2,000 people from cities spanning the Americas to Australia through his home-sharing business. You can follow his insights into the property-tourism market at www.livingspace.com.my/blog.
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