The View Condominium, Gelugor — Renovation & Conversion Case Study
7-room co-living conversion · reported RM34,500 repayment schedule (60 × RM575) · RM3,117.65 statement balance recorded in the August 2026 MyRoom statement — one documented month, not a guaranteed monthly return.
Starting Condition
The unit had sat vacant for approximately two years prior to renovation — no income, no tenants, and no rental strategy in place. The owner brought MyReno in to convert the layout into something that could generate consistent monthly cash flow.
Scope of Work
Full renovation and conversion into a 7-room co-living layout — including partitioning, electrical work, furnishing and rental-ready fit-out. Handed directly to MyRoom for tenant sourcing and month-to-month management, so the owner had no operational lift after handover.
Documented Statement Example (August 2026)
For August 2026, the supplied MyRoom statement records RM4,800 in rental collection with all seven rooms occupied. After a RM720 management fee and RM962.35 in listed deductions, including a RM575 renovation instalment, the statement balance was RM3,117.65.
| Gross rental collection | RM4,800.00 |
|---|---|
| Management fee (15%) | −RM720.00 |
| Amount after management fee | RM4,080.00 |
| Renovation instalment (marked 20/60) | −RM575.00 |
| Internet | −RM147.35 |
| Electricity | −RM100.00 |
| Cleaning | −RM80.00 |
| Water | −RM60.00 |
| August 2026 statement balance after management fee and listed deductions | RM3,117.65 |
- • 7 of 7 rooms occupied during the August 2026 statement month
- • The RM575 renovation instalment is already deducted in the balance above
- • The business reports a renovation repayment schedule of RM575 over 60 instalments, totalling RM34,500.
- • No payback period is published: one documented month is not evidence of a repeatable monthly return
Owner name withheld at their request.
Basis and limitations: These figures cover one historical company-issued statement. They are not a bank-confirmed payout, a forecast or profit after every ownership cost. The statement is company-issued evidence, not an independent audit or bank-transfer receipt. Results can vary according to occupancy, rental collection, operating expenses, maintenance, utilities and market conditions. A meaningful recovery-period estimate would require documented income before renovation, a representative 6–12 month post-renovation average, vacancy records and all relevant ownership costs.
Earlier snapshot: May 2026 (business-reported)
Separately, the business reports that in May 2026 the unit recorded RM4,450 in gross rental collection with 6 of 7 rooms occupied, and a reported statement balance of RM3,526.72. Business-reported historical snapshot. The original May 2026 statement has not been inspected for this record, and whether this balance includes a financing instalment is unresolved. The May figures are kept separate from the August statement above and are not combined with it.
Renovation, tenant sourcing and monthly management are coordinated by our connected team.
MyReno delivers the rental-ready fit-out and MyRoom handles leasing and month-to-month management, so the owner deals with one team after handover. Occupancy and rent levels vary by unit, pricing and season, and are not guaranteed.
Frequently Asked Questions
Want the room-by-room management story?
This page covers the renovation and conversion. The tenant sourcing, occupancy and month-to-month management side lives on MyRoom.
See the full room-by-room management story on MyRoom