A 7-room co-living case study at The View Condominium, Gelugor — renovated by MyReno Penang and fully managed by MyRoom at a flat 15% fee.
Monthly Revenue
RM 4,450
6 of 7 rooms occupied
Rooms Managed
7
Currently 6 filled
Portfolio Occupancy
85%
vs 70% Penang market
Management Fee
15%
Flat, no hidden costs
MyRoom's portfolio-wide occupancy sits at 85% — compared to Penang's 70% market average. The View delivers a recurring RM 4,450 / month at only 6 of 7 rooms occupied. Filling the 7th room lifts monthly revenue past RM 5,100 with zero additional owner effort.
Source: May 2026 verified monthly statement, as featured in the MyReno × MyRoom case study video above.
Cost · Timeline · Verified Figures
Transparent numbers from a live MyReno × MyRoom conversion — the same structure you'll see on the matching MyReno case study.
Renovation investment
~RM 55,000
Light co-living conversion by MyReno Penang — partitions, private locks, furnishing refresh, shared-space upgrade.
Reno + listing timeline
~45 days
From site survey to first tenant move-in. Room-by-room placement filled 6/7 rooms in the first cycle.
Recurring monthly income
RM 4,450
Verified May 2026 statement — 6 of 7 rooms filled. Filling room 7 lifts collection past RM 5,100/month.
Owner net payout
RM 3,526 / mo
RM 4,450 gross − RM 667.50 MyRoom fee (15%) − ~RM 256 utilities, RM 40 turnover cleaning and minor maintenance.
Authoritative figure table — The View Condominium, Gelugor
| Whole-unit market rent before renovation | RM 1,800 / mo |
| Renovation and furnishing cost (MyReno) | ~RM 55,000 one-off |
| Rooms created / currently occupied | 7 rooms · 6 of 7 occupied |
| Gross rent collected | RM 4,450 / mo |
| MyRoom management fee (flat 15%) | − RM 667.50 / mo |
| Utilities buffer, RM 40 turnover cleaning, minor maintenance | − ~RM 256 / mo |
| Owner net payout | RM 3,526 / mo |
| Incremental owner uplift vs whole-unit rent | + RM 1,726 / mo |
| Reporting month | May 2026 |
A payback period is not published for this unit — the renovation scope and owner cost basis are still being reconciled with MyReno. We will only publish payback once one verified figure covers both sides.
Figures are indicative for this specific unit and drawn from the May 2026 owner statement. Actual returns vary by location, layout, condition and market demand.
Before
Sat empty in a mid-tier Gelugor condo. Traditional whole-unit leasing failed to attract long-term tenants at asking rent.
Renovation
Room partition, private locks, furnishing refresh, and shared-space upgrade. Sized for FIZ engineers, hospital staff (nearby Penang GH) and USM postgraduates.
Placement
Listed on Mudah, iBilik, Facebook and MyRoom's internal tenant database. 6 of 7 rooms occupied within the first placement cycle.
Management
Monthly rent collection, tenant relations, maintenance dispatch, RM 40 turnover cleaning, and a full PDF statement every month-end.
A previously vacant unit at The View Condominium in Gelugor now generates a recurring RM 4,450 every month — with renovation, tenant sourcing and day-to-day management handled entirely by MyReno and MyRoom.
— Verified owner, name withheld
RM4,450 in total monthly collection across 7 rooms at 6/7 occupancy, with RM3,526 net to the owner after MyRoom's 15% fee and deductions.
MyRoom's managed portfolio averages 85% occupancy, compared to Penang's roughly 70% market average.
Yes, in partnership with MyReno — MyReno handles the renovation and conversion, MyRoom handles tenant sourcing, rent collection, and ongoing management.
Tenant sourcing and screening, rent collection and reporting, maintenance coordination, tenancy documentation, and turnover cleaning between tenants.
Free rental assessment. Flat 15% fee. Flexible standard terms.