Buying to let condos

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gunner46
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Buying to let condos

Post by gunner46 »

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. :cheers:
big jimmy
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Post by big jimmy »

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..
gunner46
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Post by gunner46 »

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
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Post by migrant »

This subject alsointerests me. Do any of you work with a good company that markets, and takes care of, the rentals?
gaijin
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Post by gaijin »

I know a Swedish family that rents the same place for 6 months each year; so sometimes longer rentals can be achieved.
big jimmy
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Post by big jimmy »

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
Georgy Porgy
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Post by Georgy Porgy »

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!
:cheers: :cheers: :cheers: :cheers: :cheers: :cheers: :cheers:
gunner46
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Post by gunner46 »

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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