Trusted property management
Everyone who has ever thought about buying a property abroad, probably wondered - what will happen to my property when I am not in the country?
And many rejected the idea of buying property in Thailand, because of these thoughts, for example, because not everyone is aware that it was possible to entrust a property to a professional management company, and that is who we are at InDreams Phuket.
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 occasionally, and the rest of the time it is empty.
Simply put, real estate management services are needed in two cases:
If you gain income from renting a property, you may independently search for tenants, maintain the safety of the property after checking in, monitor the condition of the apartment or house, cleaning and other household issues.
Or you can entrust the property to a management company. In this case, the company will take care of the property. Real estate management services include:
- taking care of your utility bills
- checking-in /out for the guests
- garden care
- ensuring the operability of household appliances
- refreshing of rooms if nobody lives in an apartment or in a villa
Quite comfortable, isn't it?
After all, at the same time, you do not need to be personally in Phuket, you do not need to worry about security and worrying about the safety of your property in Phuket. The management company regularly inspects and checks the housing, even if it is not rented to tenants, but simply stands by the owners.
A Phuket real estate company assumes obligations that are fixed in an agreement with the owner.
The owner has the right to choose the set of services that he considers to be necessary. The representative of the management company will provide you with the best option and help you decide on the list.
For example, if a company commits itself to provide passive rental income, then the mandatory set of services should include preparing an apartment or house in Phuket for tenants to move, changing linen and towels, showing tenants an apartment or house, and assistance with household issues, including the operation 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 arising difficulties or requests.
If you agree to sign an agreement on the exclusive management of your property in Phuket, the company commits itself to exhibit these apartments or houses on OTAsites, advertise and promote this property and actively searching for tenants and ensure 100% occupancy of the housing.
In this case, the management company is interested in the maximum occupancy of the apartment or villa. And this is possible only if the rental services of your property will be performed efficiently and without complaints.
Because objects are placed on popular online aggregators and guests may book through these platforms, then the reviews that guests leave will be available to everyone. Prevention of negative impressions and handling complaints is also the responsibility of the management company.
The cost of real estate management services in each case is negotiated individually.
Management companies in condominiums, as a rule, sign a guaranteed income agreement with the owners. In this case, the owner does not need to worry about the occupancy - the company must pay a fixed amount specified in the contract. Usually, this is 5-10% of the cost of the apartment annually. The management company can conclude such an agreement 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 management company’s services varies from 20 to 30% of the total amount received from the rental property.
Such an agreement can be concluded both for 1 year with the possibility of extension, and immediately for several years.
From our own experience, we can say that not all at once decide to entrust property management in Phuket. Many people later understand from their own experience that a simple apartment in a hot, humid climate is an unacceptable thing. And asking friends or neighbors and a constant favor is awkward.
Therefore, it is better to learn from the mistakes of others and immediately entrust management to professionals.
Call or write to us, we will be happy to answer all questions.