Homestay, or short-term rental business on home-sharing sites like Airbnb and iBilik, has been on a speedy rise in Malaysia for days gone by 2 years. Short-term rental is a popular choice not and then foreign tourist but among Malaysians as well, whether it is for business, leisure or even special events among friends.

When done right, Airbnb or short term renting can actually become more profitable than traditional leasing, so that it definitely makes financial sense. However, for anybody folks out there thinking about buying properties in KL to capitalize on this home-sharing craze, there are a few important insider tips. As the old adage goes: location, location: the backbone, soul, and core of any property investment.

This couldn’t be truer when it comes to short-term rental property. Location is even more important on Airbnb than traditional investing because tourists are looking in which to stay the most popular places to start to see the best of the greatest. Understandably, they want to be close to tourist hotspots and where connectivity is seamless. As such, if your premises are near landmarks such KLCC, huge department stores like Mid-valley or popular food roads like Petaling Street, Jalan Changkat, and Alor Bukit Bintang, the chances of your property to execute well is higher then. Also, some business and visitor travelers would rather prepare themselves and eat out less often. Is there a supermarket or grocery store close by the property?

Are they close to any convention centers? Your target short-term tenants cool to be business travelers as well. Proximity to public transportation and the general connectivity of the location is another very important consideration. Ideally, they must be within walking distance. Take transport hub KL Sentral. For example, regarding airing, Brickfields is one of the town neighborhoods in the world that experienced the biggest increase in interest from travelers in 2015 – a whopping 1200%!

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Also, research your facts on upcoming developments as well as you would want to get for future years. With the KL 118 tower, Bukit Bintang City Center, Tun Razak Exchange, the center of gravity is very likely to change from KLCC to the Bukit Bintang/Pudu belt as years pass.

The iconic projects will undoubtedly pull massive amounts of tourists and business travelers there in the foreseeable future. Therefore, you might like to look into trading into supplementary properties or new launches around that vicinity at current prices, given the upside when the area matures as those iconic tasks are completed in the approaching years.