There are several ways for foreign owners to rent immovable property located in Thailand for rent.
Independent search for tenants
In this case, the owner himself will need to put the premises in order, find tenants. It will also be the responsibility of the owner to resolve any issues that arise. This method is laborious and takes a lot of time and effort. The advantage of the method is the possibility of obtaining a high income.
Renting out a home through a real estate agency
The owner has the right to conclude an agreement with a real estate agency. The office employee will be entrusted with all responsibilities for finding tenants. The realtor will take care of advertising, find clients, meet potential residents from the airfield. He will also receive payment for rent, evict tenants. Also, the realtor will monitor compliance with the deadlines for the eviction of tenants.
Issues related to cleaning the apartment, paying taxes and utility bills also fall on the shoulders of the realtor. It is enough for the owner to agree with the agency on the schedule for renting out the premises. The cost of services will be 20% of the rental value.
Renting an apartment for rent with guaranteed income through the manager
The property owner concludes an agreement with the management company for a period of 3 to 5 years. In this case, the premises are included in the rental program. All issues related to the maintenance of housing and its rental are assigned to the manager. And the owner is annually paid an amount of 7 to 8% of the value of real estate.
At the same time, the owner has the right to rest annually in his apartment, but not more than 45 days. In order to take advantage of this program, the homeowner must choose a complex that provides these services at the acquisition stage.
Paying utilities in Thailand is the responsibility of the property owner. The fee includes maintenance of the complex, Internet and television services. Tenants are responsible for paying for electricity and water.
