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gunner46
Amateur
Joined: 15 Jul 2007
Posts: 45
Location: Maldives
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 Posted: Sun Jul 15, 2007 10:12 pm Post subject: Buying to let condos |
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Hi all, I'm looking at buying a condo with the idea that i can rent it out for around 8 months of the year and live in it when i'm on leave from work.
Do any of you here do the same? I'm on a kind of 3 months on 2 weeks off cycle and have no worries about renting it out when i'm working as i do with my UK property.
What do you think? I'm open to comments from both private owners and also those who deal in this kind of work.
Cheers, Russell.  |
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big jimmy
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Joined: 05 Sep 2006
Posts: 150
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| Posted: Sun Jul 15, 2007 10:19 pm Post subject: |
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| Most condos are rented 4 to 5 months a year...so 8 months seems a bit unrealistic.....November to April is the busy time so if you got it let in the summer you would be lucky..don't want to be negative..just telling it like it is.. |
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gunner46
Amateur
Joined: 15 Jul 2007
Posts: 45
Location: Maldives
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| Posted: Sun Jul 15, 2007 10:39 pm Post subject: |
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Thanks Jimmy, i realise i was being a little optimistic there. Basically i'm not buying to rent specifically but would like to make the most of it by renting out as a holiday let or possibly longer term (say a few months to the right person) and wish to remain flexible.
I'm a bit of a pragmatist and would prefer to see my home 'used' and cared for by someone rather than just sitting empty whilst i'm away. Plus i can be earning a few extra Baht into the bargain.
One other thing - is it possible to get rent paid into your UK account/off-shore account rather than only into a Thai account?
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migrant
Specialist
Joined: 08 Aug 2006
Posts: 237
Location: California now, Thailand soon
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| Posted: Mon Jul 16, 2007 6:35 am Post subject: |
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| This subject alsointerests me. Do any of you work with a good company that markets, and takes care of, the rentals? |
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gaijin
Specialist
Joined: 22 Feb 2005
Posts: 141
Location: MELBOURNE AUSTRALIA
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| Posted: Mon Jul 16, 2007 7:02 am Post subject: |
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| I know a Swedish family that rents the same place for 6 months each year; so sometimes longer rentals can be achieved. |
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big jimmy
Specialist
Joined: 05 Sep 2006
Posts: 150
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| Posted: Mon Jul 16, 2007 12:06 pm Post subject: |
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| migrant wrote: | | This subject alsointerests me. Do any of you work with a good company that markets, and takes care of, the rentals? |
Try room by room...run by David Nears...we don't rent out our house but he looks after the garden,pool,maid etc..he also deals with rentals..takes deposits deals with bills etc...has been reliable for us so far |
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Georgy Porgy
Member
Joined: 17 Aug 2006
Posts: 53
Location: Australia
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| Posted: Mon Jul 16, 2007 4:17 pm Post subject: |
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We like to rent in Hua Hin about 4-6 months a year - don't like the commercial rental sites and would be interested in a more personal (HHAD ref!) arrangement.
So keep in touch if anyone does get round to ''buy to rent''! Realistic rents only for very careful tenants!
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gunner46
Amateur
Joined: 15 Jul 2007
Posts: 45
Location: Maldives
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| Posted: Sat Jul 21, 2007 6:52 pm Post subject: |
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Nice to read everyones comments. If and when i do make any decision on a purchase i'll be sure to post here to learn if there are any such long-ish let tenants in the market.
Best regards.
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