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.
Gross rent collected
RM4,800
7 of 7 rooms shown occupied in August 2026
Rooms Managed
7
7 of 7 rooms shown occupied in August 2026
August statement balance
RM3,117.65
After management fee and listed deductions
Management Fee
15%
Of rent collected · cleaning separate
The View Condominium, Gelugor: MyReno preparation followed by MyRoom room-rental management, as business-reported. The supplied extraction of the August 2026 company-issued statement records RM4,800 gross rental collection, a 15% management fee of RM720 and RM4,080 after that fee. Listed deductions total RM962.35, including the RM575 renovation instalment (20/60), leaving an August 2026 statement balance after management fee and listed deductions of RM3,117.65. Seven of seven rooms were shown occupied that month. The instalment is already included, not deducted again. This is not recurring net profit, a bank-confirmed payout or profit after every ownership cost.
Basis: The View v1.0, prepared 20 October 2026, supplies an extraction of the August company-issued statement. This project uses that extraction; it has not opened the original August statement. The original May statement is uninspected for v1.0.
August statement period
This gross-collection card shows the August statement period. The detailed breakdown below lists the fee and deductions. May remains separate dated history; the two months are not combined or averaged.
The View Condominium, Gelugor
Condominium
RM4,800
Gross Rent Collected
7 of 7 Rooms Occupied
August 2026 · Managed at a 15% fee · Company-issued statement extraction
RM3,117.65
August 2026 statement balance after management fee and listed deductions
Not recurring net profit or bank-confirmed payout; not profit after every ownership cost.
Basis: The View v1.0, prepared 20 October 2026, supplies an extraction of the August company-issued statement. This project uses that extraction; it has not opened the original August statement. The original May statement is uninspected for v1.0.
Gross rent collected before MyRoom's 15% management fee and other property-related deductions. These figures reflect one documented month—August 2026—and are not averages, forecasts or guarantees. Occupancy and rental collection vary by property and reporting period.
See all four August 2026 collection snapshotsRepayment · Milestones · Statement Figures
Statement extraction and the business-reported repayment schedule. The renovation counterpart is on the MyReno case study.
Repayment schedule
RM34,500
Business-reported repayment schedule: RM34,500, expressed as RM575 × 60 instalments. This does not establish the cash renovation price, financed principal, final invoice or total project expenditure.
Preparation & handover
Separate milestones
MyReno prepares the unit under a separate appointment; MyRoom then handles tenant sourcing and ongoing room-rental management. Renovation, handover, first tenancy and occupancy are separate milestones, not a combined timing promise.
Gross rental collection (August 2026)
RM4,800
Company-issued statement extraction · 7 of 7 rooms shown occupied. One reporting month, not an average or forecast.
August statement balance
RM3,117.65
After management fee and listed deductions, including the instalment once. Not bank-confirmed payout or profit after every ownership cost.
Business-reported figures — The View Condominium, Gelugor
| Business-reported repayment schedule | RM34,500 · RM575 × 60 instalments |
| August 2026 occupancy snapshot | 7 of 7 rooms shown occupied in August 2026 |
| Gross rental collection (August 2026) | RM4,800.00 |
| Management fee (15%) | RM720.00 |
| Amount after management fee | RM4,080.00 |
| Renovation instalment (20/60) | RM575.00 |
| Internet | RM147.35 |
| Electricity | RM100.00 |
| Cleaning | RM80.00 |
| Water | RM60.00 |
| Total listed deductions after management fee | RM962.35 |
| August 2026 statement balance after management fee and listed deductions | RM3,117.65 |
Company-issued statement figures supplied as an extraction, not independently audited returns. A statement balance is not proof of bank payout or profit after every ownership cost. August and May are separate reporting periods, not recurring income, current occupancy, averages, forecasts, uplift or payback.
Separate business-reported May 2026 history: RM4,450 collection, 6 of 7 rooms occupied and RM3,526.72 reported statement balance. A calculated 15% fee is RM667.50; the remaining RM255.78 difference is unallocated, not a verified expense breakdown. August deductions are not applied to May.
Basis: The View v1.0, prepared 20 October 2026, supplies an extraction of the August company-issued statement. This project uses that extraction; it has not opened the original August statement. The original May statement is uninspected for v1.0.
The August instalment is already included in the RM962.35 listed deductions and is not deducted again. The repayment schedule does not establish renovation price or total expenditure. Current cleaning and month-end arrangements do not rewrite historical expenses.
Before
The business describes a previously vacant condo at The View Condominium, Gelugor.
Renovation
MyReno describes partitioning, electrical work, furnishing and rental-ready fit-out for a 7-room co-living layout. Renovation scope, quotation and terms are agreed separately with MyReno.
Handover & placement
Readiness and handover precede room marketing, viewing, screening and tenancy arrangements. These are separate milestones, not a combined completion or occupancy promise.
Management
MyRoom coordinates collections and rental operations. Owner statement and payout are processed at month-end. One RM80 monthly deep-cleaning visit is charged separately under the current offer.
A previously vacant unit at The View Condominium in Gelugor collected RM4,800 in gross rent in the August 2026 reporting month — with renovation, tenant sourcing and day-to-day management handled entirely by MyReno and MyRoom.
— MyRoom case summary (not an owner quotation)
The View Condominium, Gelugor: MyReno preparation followed by MyRoom room-rental management, as business-reported. The supplied extraction of the August 2026 company-issued statement records RM4,800 gross rental collection, a 15% management fee of RM720 and RM4,080 after that fee. Listed deductions total RM962.35, including the RM575 renovation instalment (20/60), leaving an August 2026 statement balance after management fee and listed deductions of RM3,117.65. Seven of seven rooms were shown occupied that month. The instalment is already included, not deducted again. This is not recurring net profit, a bank-confirmed payout or profit after every ownership cost.
Business-reported repayment schedule: RM34,500, expressed as RM575 × 60 instalments. This does not establish the cash renovation price, financed principal, final invoice or total project expenditure.
MyReno handles preparation under a separate appointment and its own agreed scope, charges and terms. MyRoom handles tenant sourcing, rent collection and ongoing management. There is no automatic appointment or combined completion promise.
Tenant sourcing and screening, rent collection and reporting, maintenance coordination and tenancy documentation. Cleaning is charged separately (current standard: RM80 for one monthly deep-cleaning visit), and utilities, repairs, replacement items and agreed third-party costs remain owner expenses. A historical May RM40 cleaning line is not today's cleaning offer.
Free rental assessment. Flat 15% fee. Standard plans: 90 days' written notice.