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Short-term rentals

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Idzwan Tan
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Short-term rentals

Postby Idzwan Tan » Mon, 27 Jun 2016 3:10 pm

There are more than 5000 Airbnb listings in Singapore. URA has yet to offer a statement on modifying their guidelines to regulate the high demand for short-term rentals for private properties.

Airbnb offers an alternative income if your property has yet to find a buyer, a long-term tenant or is just in limbo due to the poor real estate market conditions.
Most expats do not even bother renting out their apartment on Airbnb, because there is just too much hassle in managing guests, especially when they are overseas. This is a shame considering a homeowner can make 2 times the revenue when they actually manage and rent out on Airbnb.

There are freelancers in Singapore that offer such services, but they can only manage a few properties on their own to maintain service quality. And besides, safety and security is a big concern if you let in strangers into your homes. Not all of us know or trust someone who can manage our listings on Airbnb. I'm setting up a company here in Singapore to address this issue. What do you all think?

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Strong Eagle
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Re: Short-term rentals

Postby Strong Eagle » Tue, 28 Jun 2016 5:22 am

As long as you're not planning on advertising your company or soliciting clients for it, the topic of why the URA is slow to recognize changes in the short term rental market is an interesting one. So is the topic of difficulties in using your property for short term rentals.

If, however, you start telling us all the great advantages of hooking up with your company, then:

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