
intheheartoftheheart
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Everything posted by intheheartoftheheart
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In my experience owning multiple homes and traveling the world non-stop for 7 years, I think there is a real hole in the market for 1-6 month rentals. Probably more realistically 1-3 month rentals since 3 months is the the limit of most tourist visas. I think it would address a lot of issues. You'll get better quality tenants, for the most part. You'll avoid constant building turnover and hotel feel. As an owner, you'll cut down on management and cleaning costs and you'll insulate yourself from cancellations bc you'll want to require pre-payment of at least 50%. I'm bored with any place on Earth after 90 days...
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Yes, $95 per night per unit. $2850 a month gross, per unit. $5700 a month total. Minus management fee of $450 a month total for both units (high in my opinion but I am lazy and like having everything dealt with). Minus utilities, taxes, building fees, etc, upkeep. Since it's monthly rental there's no cleaning service unless they want to pay for one. I pay for electricity (for now, monitoring it and may change down the road after the current bookings are done). So far, I am getting a higher class of people: a visiting surgeon + wife at one of the hospitals this past winter. A small Korean family. A wealthy Russian couple. Etc. I'd highly advise a two bedrooms for a variety of reasons. They're usually built for the local upper class, not speculators, so generally higher quality (although it differs per building, I am sure). Absolute worst case you can buy one and leave your stuff in one of the bedrooms and rent out the rest of the apartment as closet space is at a minimum in BKK, even in the nice condos. I'll do a reconciliation in 6 months, but I think will net $4k a month total. We shall see. Needless to say both apartments were empty during COVID for a full year.
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Some anecdotal info, use if interested. I own two condos in Bangkok, both in Thong Lo/Ekkamai area. Close to BTS. Prime Airbnb rentals. Both are two bedrooms. Two different buildings. We purchased both condos in 2017. Mostly just to keep some money in the Thai economy. Covid obviously messed things up, but during 2017-early 2019 we were averaging $120/night for the apartments. I would say 50% occupancy since they are expensive compared to the $30/night Sukhumvit bug boxes the global debt serf tourists prefer. It wasn't worth the hassle, even though I had a local team managing everything from check in to transfers. Lots of headaches. Broken furniture and appliances. Leaks. Spills. Complaints. I was insulated from all of this except to write the checks for the handymen but still would not recommend. Now we are at $95 a night for both units, but require one month minimum. Both are booked until October 1. Management girl says Russians and Koreans are doing most of the renting. Seem like decent people, but we shall see how it goes.
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Do I go on a Diet or follow this Expat advice .
intheheartoftheheart replied to tomgreen's topic in Health and Medicine
I've noticed all the older, shirtless sex tourists in Pattaya have the same exact body-figure of post-menopausal women. The exact same women they've tried to escape back in the Midlands. Quite entertaining to see. It's gotta be the beer. -
--Not my piece but figured you gents would be interested in this take on Pattaya: Hell's Vestibule by Linh Dinh http://linhdinhphotos.blogspot.com/2023/01/hells-vestibule.html Pattaya must be the world’s densest concentration of bald heads, huge beer bellies, fake smiles, bull<deleted>ty conversations in the saddest English, Viagra and Cialis consumption, and horny wearers of adult diapers. “Before we get it on, baby, let me change my diaper, or maybe you can do it for me? At least I still have my wits! If I laugh too hard, I’ll spit my denture clear across the room. You didn’t understand one word I said, did you? That’s alright, we’ll help each other grow.” At night on Beach Road, packs of Indians haggle with Thai or “Russian” whores who stand in the dark beneath palm trees.
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Does Nan have the same Air Quality issues as the rest of the North during burning season? Any tips on where to sleep while doing the loop?
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There was an announcement a few days ago of China extending the zero-Covid policy for another 5 years. But this is being scrubbed from the media and Chinese social networks so not clear. https://edition.cnn.com/2022/06/27/asia/china-zero-covid-policy-intl/index.html Anecdotally, I met a nice, card-carrying CCP embassy girl in Istanbul a few months ago (the elite are still allowed to travel) who told me that China will remain shut until the end of 2023, and this has nothing to do with COVID. Take from that whatever you like. My guess is a power struggle behind the scenes while Xi tries to consolidate the last bits of power that are outstanding. But who really knows with China. The spitting goes back to Mao, who was famously unfond of "fancy manners" or bourgeois, Western decorum. Was actually seen as a way to show party/class solidarity.
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First time in Phuket since 2017 - no thanks!
intheheartoftheheart replied to simon43's topic in Phuket
Just checking in from Samui. I have never seen it so dead. I'd estimate a good 50% of the businesses are permanently shuttered in the main tourist areas. Farther out in Mae Nam it's even worse. I don't mind--not here to party--but it likely means the locals are suffering. Not sure what's next for this island. -
How on earth do they fit in economy?
intheheartoftheheart replied to georgegeorgia's topic in ASEAN NOW Community Pub
Fuel ain't cheap. Decreasing weight helps. If airlines relentlessly charge for an extra 10-30kg of luggage they should also weigh passengers and charge accordingly. I think this would make travel unaffordable for most Americans and Brits. -
Ok, this is all great info. I am in Mae Nam now, up the hill a bit, and just trying to decide if I book this place for Aug and Sept. I think I probably will. I don't mind the rain at all, but if it's two months of solid downpours that seems a bit excessive. I know it's getting harder to predict the weather these days ???? Thanks for all your insight.
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I know it's 'rainy season' but what does that mean on a day to day basis in Samui in August/Sept? Constant torrential downpours? Drizzle all day long? Alternating periods of rain and sun? Extensive flooding? Just trying to get a decent idea before I book a place for those two months. I don't care about the beach, but I don't want to be stuck inside all day long.