Phuket Property Management

Phuket Property Management

Everyone who has thought about buying real estate abroad, probably wondered - what will happen to real estate when I am not in the country?

And many on this issue rejected the idea of buying real estate in Thailand, for example, because they did not know that you can entrust the management of real estate to a special management company, which is our agency InDreamsPhuket.

We provide trust management services in Phuket. Such services are also needed when you rent out your property. And in the event that you come to your house on vacation or sporadically, and the rest of the time it is empty.

Simply put, services in property management are needed in two cases:

  • supervision and maintenance of the property in the absence of the owners
  • search for tenants and rental of real estate (passive income for the owner)

If you receive income from renting real estate, you can independently search for tenants, check the safety of the object after settlement, monitor the condition of the apartment or house, cleaning and other household issues.

Or you can entrust the property to the management company. In this case, the company will take care of the property. Property management services include:

  • payment of utility bills
  • cleaning of an apartment or house
  • settlement and eviction of tenants
  • rental of housing
  • garden care
  • maintenance
  • ensuring the operability of household appliances
  • ventilation of premises, if no one lives in the apartment or villa

Convenient, isn't it?

After all, you do not need to be personally in Phuket, you do not need to worry about safety and worry about the safety of property and your real estate in Phuket. The management company regularly inspects and checks the housing, even if it is not rented to tenants, but simply stands waiting for the owners.

The real estate management company in Phuket assumes the obligations that are fixed in the contract with the owner.

The owner has the right to choose a set of services that he considers necessary. The manager of the management company will tell you the best option and help determine the list.

For example, if the company undertakes to provide passive income from renting, then the mandatory set of services should include the preparation of an apartment or house on the island of Phuket for the settlement of tenants, changing bed linen and towels, showing tenants an apartment or house, assistance in household matters, including the work of household appliances and electronics. At the same time, the manager of the management company is in touch with tenants 24/7 and guarantees the solution of any difficulties or requests that arise.

If the owner enters into a contract for the exclusive management of the object of your property in Phuket, the company undertakes to exhibit these apartments or house on the sites-aggregators of the reservation, advertise and promote this object to find tenants and ensure 100% occupancy of housing.

In this case, the management company is interested in the maximum occupancy of apartments or villas. And this is possible only if the services of renting out your property will be performed qualitatively and without complaints.

Т.к. объекты размещаются на популярных сайтах-агрегаторах и гости могут забронировать их там же, то и отзывы, которые оставляют гости, будут доступны всем желающим. Недопущение негативных впечатлений и работа с претензиями также входит в обязанности менеджера компании-управленца. 

The cost of property management services in each case is negotiated individually.

Management companies in condominiums, as a rule, conclude an agreement with the owners on guaranteed income. In this case, the owner does not care how many days a year in his apartment live tenants - the company is obliged to pay a fixed amount specified in the contract. Usually it is 5-10% of the cost of the apartment annually. Such an agreement can be concluded by the management company for a period of 3 to 20 years.

In the case of managing villas or individual apartments, the management company concludes the so-called Rental Pool. In this case, the cost of the services of the management company varies from 20 to 30% of the total amount received from the lease of the property.

Such a contract can be concluded both for 1 year with the possibility of extension, and for several years at once.

In our experience, we can say that not everyone can be solved at once to entrust the management of property in Phuket. Many after a while understand from their own experience that a simple apartment in a hot humid climate is an impermissible thing. And asking for friends or neighbors and constant favor is awkward.

Therefore, it is better to learn from other people's mistakes and immediately entrust management to professionals.

Call or write to us, we will be happy to answer all questions.