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wisemonkey

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Everything posted by wisemonkey

  1. So you are under 50 and consider youself doing ok, that your online complaining about microwave repairs, when you can by a new microwave for 2k baht. Im sure your doing real real well buddy, keep giving out your advice about where to own significant value items, Im sure you got a lot of experience :S Hows that microwave going now? You managed to get your landlord to make the 200 baht repairs for you? Clever cookie you are, ill be sure to take your opinion with a mountain of salt
  2. I present to you the man who is too clever to own anything of significant value in Thailand: Great mate, I hope to be as clever as you to not own anything, so I can complain about microwave repairs online, a microwave that isnt even mine! And you have to nerve to come on here and talk about others investments?! haha
  3. So you own significant value elsewhere, yet complain about microwave repairs? LoL
  4. Just only stupid enough to choose this spot on the planet to live? Thats just why you live here right? lol. You own nothing of value anywhere.
  5. Doesnt seem like you will ever have to worry about owning anything of significant value.
  6. Thats inspirational to hear, thanks for posting. I think we actually do have a policeman in the building, maybe I should get him onside!
  7. Im preempting they turn off water based on these fees, and my tennant leaves that they will need to cover the rental contract.
  8. They cant legally sue for any fees over 5 years old, so they wont be able to sue for that , source check here: https://housecondolawyer.com/common-fee, its the law.
  9. Great reply, some posts on here are mindboggling, funny this guy telling about how we could of bought btc and nvidia, great when you can trade with heindsite. Yeah I would love to buy BTC at $1, Im quite sure no one here did especially not @ChaiyaTH . Rent yields here amongst the best in the world in Thailand, you dont get good rental yields in high cost nations like Australia and US, etc. You get it in low costs environments where people want to visit. Of course there are risks invovled. this is life though for everyone.
  10. Think you are on the money there mate. Didnt want to have to come to it, but might be the best bet.
  11. LoL. A little bit of pushback and you cant handle it. Also the examples you gave above regarding return are cherry picked examples of the best performing assets in the world, nivdia and btc, etc, so you going to compare the best performing assets in the world. LoL ok. Thailands rental returns are among the best in the world, not that you would have a clue.
  12. Well that is not Thailand specific, that could happen anywhere in the world, so I guess by that logic you dont own land anywhere?!
  13. Would probably agree with you at this point with me, although Im sure there are others with good management that had the opposite experience to me, maybe few and far between. If I was going to do it again I would just do the company and buy land and house not have to deal with management, or just buy in my sons name.
  14. Its a different situation I think, if they actually knew they didnt pay the fees and admit to it. In this case, I have paid all my fees, the management is requesting a fee from 7 years ago in an error (provable). So in the case it did go to court I think they would be liable for any financial hit I took due to them turning off any utilities.
  15. I am on speaking terms with both management and committee, very good terms with committee, with the management we just do not agree, but definitely on speaking terms. Do you have any sources for utilities switching off to be illegal? This would be very helpful. My understanding is that it it up to each condo and the by laws.
  16. Exactly. Thats why I am thinking I want to go to court and change management. The only issue is I dont want to hurt the building, and in the past another owner successfully took this management to court and they lost (management lost), but they funded the court case from the condos accounts, think they got this approved through committee voting.
  17. I have receipts for the last few years, but going back 5+ might start getting hard to find, I have kept everything electronic so should be easy enough to prove, but the issue is they have never claimed I owed anything from 2017 until now, 7 years later, just doesnt make sense. When you do it to late payers do you need to warn them, if they dispute the fees and you turned off the water when they claimed they paid, wouldnt you then be liable for any financial consequences?
  18. There are a few of us that tried, its a long story, big drama, but long story short they got word that we were going to try to vote them out, we made sure we had enough proxies and percentages ,etc to vote them out and replace them, even had an alternative management ready to present, we thought we were going to get it done easily but then on the day of the AGM, they came up with reasons that we could not vote, such as being on the committee, etc, and now Im thinking this latest charge is in that same vein.
  19. I've always had issues with the current management at my condo, Ive seen blatant over-spending, for example a waterproofing paint job of a rooftop being charged 245k baht, however when I got an independent quote thinking that was too high, was quoted 80k baht, along with some outright theft in my opinion, little examples that happen monthly that add up, like the sauna heater being replaced, charged 25k for the heater itself not including the installation, looked up the exact heater on lazada and its 5k new. Anyway these small examples are issues that are happening on a monthly basis. Either complete incompetency in financial management or worse. Anyway without getting too bogged down with the details its made me get into arguements with the management. The latest of which now is out of nowhere being charged for fees apparently owed in 2017. To be clear, I always paid my fees, but the baffling thing here is that its never been mentioned that I owe 2017 fees before this year, I have invoices for everything owed every year for the last 6 years, and not in one of the past 6 years has there been a mention of outstanding fees owed from 2017. I have asked them where this fee has come from, with no response. I have my suspicion that perhaps they are adding this fee out of nowhere to claim I owe money to stop me voting at the AGM. I have said to them that I will not be paying the new sinking fee charged (at the last AGM a sinking fee charge was approved) until this issue of being charged out of nowhere for a 7 year old fee is resolved. My concern is here, can they turn off water or electricity to the condo? Ive heard that they can do this, but then also heard that its illegal now, does anyone know the current legal stance with this? Im in Chiang Mai. Im getting quite good rent for my condo, good tenant, my concern would be that they start acting like cowboys and turn off access to water as Ive heard happens here in Thailand. Can they do this? If so and the tennant leaves due to this, would they be liable for the rent I lose if its taken to court and found they were in the wrong? I have also heard that management can not ask for fees over 5 years old, I use to be on the committee of another building and was told this is the case, anyone know if this is true?
  20. I got extensions without these documents before, for years, infact I didnt need anything apart from the passport pages to get extensions in the past. It really does depend on who you get on the day. I wonder how hard it would be to change my Sons house registration, Im talking to a girl now who says all I need is his Thai ID and bluebook/yellowbook and could get it done. Maybe that would be the easiest way. Does seem like Im getting forced into the hands of the agents just for the ease of it, it is ridiculous because at the end of the day we all know you can stay pretty much how long you want here, its just the red tape and costs you want to deal with, the rules dont really stop anyone from staying, just working out the puzzle , and agents know the game the best.
  21. Well I guess they will ask the reasoning or you Non-O. Cause I didnt offer up info until they asked, I just said I needed it.
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