Homestay Pro

Name: Homestay Pro
Rating: 5.0 (12 reviews)

Guiding you through the journey to start your own Homestay/Short Term Rental business

Highest Rated

Created byMiichael Yeoh

Last updated 12/2022

English

What you'll learn

Understand the main key success ingredient of Homestay Business and do it right since the beginning
Optimize and increase the profit from Homestay Business
Understand Do's and Dont's so that it will not impact the Homestay Business profit
Automate Homestay Business and generate passive income
Turn property into money making machine through Homestay Business
Become the most preferred homestay in town

Course content

5 sections • 25 lectures • 1h 35m total length

Setting Objective. Planing is a must2:33
Why Choose Homestay Business2:57
Explore why a homestay business offers higher ROI than long-term rental, with examples of 4.5% vs 8–10% annual returns, risk considerations, and a hands-on, step-by-step setup.
What type of property can do homestay business Follow the law.2:46
Discover which property types can legally host a homestay under Malaysian law, distinguishing residential and commercial titles. Verify title usage and consider versatile properties that can become homestays or offices.

Budgeting- How Much You Can Buy3:37
Learn to budget for property purchases by using a monthly financial template, balance income and expenses, maintain an emergency reserve, and buy within your means using mortgage calculators.
4 ways to own a Homestay Business2:58
How To Make Sure The Bank Lend to You16:12
Plan your mortgage before applying, and learn three checks—Cetus credit status, CCRIS, and your debt service ratio (DSR)—to improve loan approval chances.
2 easy way to follow formula to finish your loan faster4:55
Learn two simple strategies to finish your loan faster: use a flexi loan to deposit extra payments and apply profit payback to cut interest and shorten the tenure.
Cost You Need to Know2:52

Choosing the right location to buy3:44
Renovating the place you buy3:17
Renovate your unit on a realistic budget by weighing empty versus renovated options, collecting multiple contractor quotes, and choosing a consistent design theme to guide color and finishes.
Things to have in a homestay a) In the Living Room9:24
Furnish your homestay living room like home with essential seating, lighting, decor, slippers, wifi, Netflix, and a password-based check-in system to boost bookings.
Things to have in a homestay b) In the Bedroom2:57
Equip each bedroom with hotel-like beds, towels, an open wardrobe with hangers, white and yellow lighting, a view, seating for coffee, a clock, and keep it clean for five guests.
Things to have in a homestay c) In Bathroom2:26
Keep a clean, dry bathroom with slippers, toilet paper, and a drain-care routine. Provide toothbrush, toothpaste, hand soap, scented gel, a mirror, and a rain or hot-water shower with ventilation.
Checklist for Homestay0:01
Is amenities important2:16
Highlight how amenities elevate homestay appeal, from secure access and a barbecue pit to a garden, sky gym, and airport view, with free guest use boosting bookings.

How to create a listing on Agoda Booking platform0:02
Monthly Costing is very important2:51
Create a monthly cost template to manage fixed and variable costs, including maintenance fees, loan installments, car park, electricity, aircons, cleaning fees, laundry, and a 10% miscellaneous reserve.
Setting Per Night Price for your homestay8:26
Calculate monthly costs, analyze competitors' rates, leverage Malaysia holidays and school breaks, and use promotions to set a competitive per-night price for your homestay.
Is it important that you take good photograph3:08
Getting more customers increasing your profit7:31
Making sure your place is sparkling clean2:56
Keep your homestay sparkling clean and enforce non-smoking policies with detectors. Prevent bad reviews and bookings by performing quality control checks after every cleaning, ensuring a home-like, hair-free space.

Sample write up for guest after they place booking in PDF0:03
Homestay Pro -How to handle guests4:09
Learn to manage guests with timely, polite responses across email, SMS, and messaging apps; set fair cancellation policies, accommodate requests, and maintain humility to secure bookings.
To self manage or using an operator2:03
Decide between self-managing or hiring an operator for your homestay, weighing time spent on marketing, guest queries, check-in/out, cleaning, and maintenance against profit sharing of 60/40 or 70/30.
Your Place is Now Ready to Welcome Your First Guest1:03

Requirements

No prior experience or pre-knowledge needed
Computer/ Laptop with WiFi connection

Description

Attention all property entrepreneurs! We're excited to bring together a dynamic real estate community.

My primary goal has always been to motivate and educate individuals within the mortgage and real estate realms, empowering you to increase your income while achieving a better work-life balance. In recent times, the surge in popularity of homestays and short-term rentals, such as "Airbnb," has been remarkable within our community. The allure of these accommodations—providing convenience, a cozy atmosphere, and a sense of home even when we're away—has led to a booming market, offering us a significant opportunity to bolster our income.

This tried-and-tested method has not only yielded higher Return on Investment (ROI) for me and my investors but has also replaced the lower monthly rental income. With this additional revenue stream, my hope is that everyone can elevate their standard of living and carve out more meaningful time to spend with family.

This course is meticulously structured, offering a systematic approach to establishing a successful homestay business. With a clear, step-by-step guide, it's designed to be easily comprehensible, allowing individuals to progress at their own pace. Upon completion, taking actionable steps will bring you closer to realizing your aspirations.

By diving into this course, you'll gain insights and strategies to capitalize on the burgeoning market of homestays and short-term rentals, leveraging it to enhance your financial prospects and achieve a more balanced lifestyle. Join us on this journey towards fulfilling your dreams within the real estate arena.

Who this course is for:

Anyone who is passionate to create an additional stream of income

Homestay Pro

What you'll learn

Explore related topics

Course content

Introduction3 lectures • 8min

Preparation - Financial5 lectures • 31min

Preparation - Property7 lectures • 24min

Preparation - Pricing and Marketing6 lectures • 25min

Homestay management4 lectures • 7min

Requirements

Description

Who this course is for: