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Originally Posted by alibaba
One of the problems with renting out when your not here to take care of things personally is that you will have to rely on other peoples honesty. You must be joking.
I own a condo in Patong which I don't rent out. I have had several offers to manage it for me with all sorts of estimations of the return I would get, from the sublime to the ridiculous. A friend of mine owned 2 condo's until recently, that were left in the hands of other people to let. In his words, "never again"
Like LIL stated, not a good investment if your looking for a reasonable return & if your not living in LOS. to keep an eye on things, forget it.  |
thanks for the info,much appreciated.i can see how you could be taken for a ride as they tell you it is vacant when it isnot ,right?
this development is of 60-70 units and has inhouse rental management in place.if i went ahead with it i supose id pay a freind in thai to take a look once and a while to check up on it for me.at this point im getting a bit of advise from the forum on what people think then ill deside wheather to go ahead or not.
thanks again for time pal..
matt