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Questions from property owners

Before you hand over the keys, what would you like to know?

Already furnished, still waiting for keys, or thinking of changing managers? Start with the part you are deciding now.

01

Choosing how to rent

Start with the building and what is already in your unit.

Can my condo be used for Airbnb or short stays?

That needs checking for your building. Share its name and unit type so we can discuss the current management rules, access arrangements and other requirements that need confirming.

A neighbour taking bookings, or a listing being online, does not confirm permission for your unit. Check before spending on a short-stay setup.

What to check with building management
Should I choose short stays, long-term rent or room rental?

Compare the unit, building rules, guest or tenant needs, setup costs and the daily work involved. Room rental means renting the rooms separately, so privacy, storage and shared spaces need a different plan.

Look at the year, not just a good holiday month. The better choice depends on what the unit can support and how you want it managed.

Compare the rental options
My unit is already furnished. Must I start again?

Not necessarily. Show the team what you have. We can discuss what is usable, what may need repair and what is missing for your intended rental setup.

Check the layout and developer-supplied fittings first. A full replacement package is not automatically the right starting point.

Check what to keep or add
Can I enquire if another team is managing my unit?

Yes. Tell us what you would like handled differently and the current rental arrangement. Before any handover, check the existing notice period, bookings or tenancy, keys, access and approval responsibilities.

An enquiry does not transfer management or end your current agreement. The handover needs to be planned around it.

What to ask before changing managers
Talk through the rental options for my unit

02

Costs, income and sharing

The booking amount, running costs and owner income are different figures.

What is OPEX, and what can it include?

OPEX means operating expenses: the costs of running the rental. Depending on the arrangement, these can include booking-platform fees, utilities, cleaning, laundry, guest supplies and basic repairs.

Check which items apply and who pays them. Not every item happens every month; furnishing and setup costs should be shown separately from regular running costs.

See the operating-cost explanation
Is individual 70/30 the same as pool sharing?

No. Under Neststay's individual arrangement, agreed operating expenses are deducted first. The balance is shared 70% to the owner and 30% to Neststay.

A rental pool combines participating units' rental income under a project-specific arrangement. First check the owner/operator split, then how the owners' portion is allocated between units. That may use unit types, verified net purchase prices or other agreed weights. COVE has its own rules; there is no single formula for every project.

Understand individual and pool sharing
How do I get a useful income estimate for my unit?

Start with the building, layout and current furnishing. A useful estimate explains the nightly rate or rent, booked nights, seasonal assumptions and costs used, rather than showing one attractive booking figure.

Compare the amount left for the owner over the year. Website scenarios help you plan; they are not fixed income or guaranteed returns.

What goes into a rental estimate
What am I paying the management team to handle?

Ask for the work to be listed: preparing the unit, listings and pricing, guest or tenant messages, access, cleaning, repairs and owner updates. The agreed scope depends on the unit and rental model.

The proposal should explain the fee or sharing basis, what is included, what may cost extra and how spending is approved. A percentage alone does not tell you all of that.

See the short-stay operating scope
Discuss the costs and sharing for my unit

03

Getting started and handing over

You can begin with the basics. The full file can come later.

My building is not listed. Can I still ask?

Yes. The project list is a starting point, not a complete coverage list. Give us the building name and area first, including units outside the main KL and Selangor locations.

The team needs to confirm whether we can take it on and which rental arrangements the building permits. A listing or enquiry is not confirmation that management has been accepted.

Find a project or enquire about another building
Can we discuss my unit while I am overseas?

Yes. Share the unit details, where you are based and a suitable time to contact you. We can first discuss access, an authorised local contact if needed, spending approvals and how you want updates.

You do not need every document ready just to begin the conversation. Any key collection or handover still needs the correct authority and building arrangements.

See the overseas-owner starting points
I have several units. Can we discuss them together?

Yes. Start with one overview: building names, unit count, sizes or layout mix, whether each is vacant or rented, and what needs attention first.

The team can discuss the overall workload before going through individual units. Managing them together does not automatically put their income in one rental pool.

Discuss several units together
What should I prepare before contacting Neststay?

The building, approximate size, bedroom count, furnishing and current status are enough to start. Add your expected key or start date if you know it. A reference floor plan helps, but you can ask without one; you do not need a sale and purchase agreement (SPA) or ID for this first discussion.

The website organises an editable WhatsApp draft. Check the details, open WhatsApp and press Send yourself. Opening the draft alone does not send an enquiry to the team.

Start with my unit details
Share my unit details with the team
Discuss my unit WhatsApp