Thailand is experiencing a very positive response in the private rental market. Many regular visitors who are familiar with the country find that the facilities offered by the traditional hotels or resorts to be somewhat “cloistered”. With the current upswing in development in many areas, Thailand is now acknowledged as a destination offering high rental incomes and advantages to rent properties for short or long term.
Company Vauban’s local teams provide a comprehensive list of property management services for individuals or companies wishing to rent out their property or seeking property management services.
We managed carefully each of our co-owners thanks to our skilled employees specialized in the property management market. In Thailand, we are well-known for our flexible approach which all owners can benefit from and which caters to their individual requirements.
Company Vauban provides reliable and efficient property management
First, define your objectives before purchasing a home. Consider if you wish to rent your property and delimit the rental incomes you expect to collect. In the event of you invest solely in a home; you would not reach the same level of expenses. On the other hand, if you are seeking to rent or sell your property, hope for making high profits.
A. Full Rental Service
You have a staggering amount of things to keep in mind if you are going to use your home as a rental property, whether it will be used as a holiday rental or as a long-term tenancy. Take into account that you will welcome the stranger in your property.
We ensure good marketing and advertising services including press releases, content production management and updating the internet, inter-agency campaigns. We target both local, national and international customers and markets.
Company Vauban’s full rental service includes the following items:
Processing of Deposit and Payments
Inventory and Damage Check
Deposit Refunds when Applicable
Rental Fee Collection
Advice on Rental Home Set Up
Maintenance and Repair Advice
Vetting and Selection of Clients
Check in of Guests
Long Term Rentals:
In order to properly care for long-term tenancies, we provide owners a variety of services. The tenant is expected to make payments for the rent and any routine services such as upkeep of the pool, garden maintenance, satellite TV subscriptions, and their own utilities. The owner would be expected to pay for pest control, insurance fees, and any management charges.
We provide a wide array of services to our clients, which are typically related to holiday tenancies such as check-in, check-out, maid and linen serviced.
B. Property Management
If you are not interested in renting your property, Company Vauban proposes you a list of property management service, ensuring you the constant maintenance of your home.
Potential owners and customers always wonder « What will be their rental incomes? ». Basically, there is no specific answer.
Indeed, rental incomes may be adversely impacted by the economic context, global and national factors affecting the real estate market, the type of tenancies and rate of occupancy… Other factors may also strongly influence the number of rental incomes:
- Size of the garden
- Upkeep of the swimming pool
- Management fees
The average rental return in Thailand is from 5% to 7% depending on the destinations.
In order to properly comprehend the full ramifications of receiving income from rental properties, obtain advice from an independent tax attorney.
In Thailand, you may encounter two types of tenants:
Short Term Tenants
Short Term Tenants
vacationers & travelers preferring short journey (minimum 1 month contract for condominium)
Long Term Tenants
Long Term Tenants
Minimum 1 year contract renewable.
Long term tenants encompass mainly expatriates who are set up in Thailand. Mostly, they will sign a 1-year renewable lease agreement. Long-term rentals are the standard type of contracts for individual property owners in Bangkok.
Short Term (Holiday Rentals)
During the “high season”, the period starting from November to April, it is virtually impossible to find any available rental properties in Thailand! Usually, it records the highest occupancy rates of the year due to the following:
- Christmas event
- New Year event
- Chinese New Year
- Thai holiday “Songkran” (Water Festival)
Over the ‘high season’, the rental rates are much higher because they include added services. As customers target different properties every year, it is difficult to identify the “best sellers”.
Beware that the low season remains the most suitable period for making improvements, renovations or alterations of your properties.