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somchaismith

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Posts posted by somchaismith

  1. I think this guy's very lenient or overpays for his properties,

    "Here is my lazy formula for comparing income-producing properties at a glance. It's called the "one percent rule", which means that a good cash flowing rental will bring in 1% of it's total value each month. So You simply multiply one month's rent by 100 to arrive at a ballpark value.

    For example, if a property will rent for $1000 a month, and tenants pay all utilities, then that property is worth a maximum of $100,000 to me. ($1000 rent x 100 months = $100,000 value) That does NOT mean that if you pay $100,000 you can automatically get $1000 in rent. Some $100k houses will only rent for $750, leaving a negative cash flow."

    http://www.lazymentor.com/RealEstate/onepercentrule.html


  2. ^ That's very difficult if your only language is English. One would have to engage the service of a translator, which would become quite expensive, in the long run, perhaps even more so if you were using a Thai partner as go-between. Which leads us to the point of why the Op is most probably posting, asking for help finding an apartment, here on Thaivisa.com and not Pantip.com, where the foremost language medium used is the Thai language

    Also, I've found some quite good long term housing rental bargains at Mrroomfinder.com. Rather a lot cheaper than a Thai rental website with the added bonus of having an English speaking landlord, sympathetic to western rental norms.

    Remember, we must stick to writing in English language only, here at this website.

    -

    Once again my recommendation, with which I have found great success to the point that the rents I've quoted have been met with mocking disbelief here on TV.com is to follow the methods I've outlined above.

    I could imagine. However, this would spring from potential renter's lack of knowledge of local market prices.

  3. ^ That's very difficult if your only language is English. One would have to engage the service of a translator, which would become quite expensive, in the long run, perhaps even more so if you were using a Thai partner as go-between. Which leads us to the point of why the Op is most probably posting, asking for help finding an apartment, here on Thaivisa.com and not Pantip.com, where the foremost language medium used is the Thai language

    Also, I've found some quite good long term housing rental bargains at Mrroomfinder.com. Rather a lot cheaper than a Thai rental website with the added bonus of having an English speaking landlord, sympathetic to western rental norms.

    Remember, we must stick to writing in English language only, here at this website.

    "I'm starting to think perhaps you're in the business?"

    As a renter, yes.

  4. ^ That's very difficult if your only language is English. One would have to engage the service of a translator, which would become quite expensive, in the long run, perhaps even more so if you were using a Thai partner as go-between. Which leads us to the point of why the Op is most probably posting, asking for help finding an apartment, here on Thaivisa.com and not Pantip.com, where the foremost language medium used is the Thai language

    Also, I've found some quite good long term housing rental bargains at Mrroomfinder.com. Rather a lot cheaper than a Thai rental website with the added bonus of having an English speaking landlord, sympathetic to western rental norms.

    Remember, we must stick to writing in English language only, here at this website.

    -

    And I've found "an English speaking landlord, sympathetic to western rental norms" only comes with grossly overpriced real estate targeted at foreigners, which is exactly what I'm talking about avoiding.

    Eh? Many English speaking property owners would disagree with you on that point.

  5. ^ That's very difficult if your only language is English. One would have to engage the service of a translator, which would become quite expensive, in the long run, perhaps even more so if you were using a Thai partner as go-between. Which leads us to the point of why the Op is most probably posting, asking for help finding an apartment, here on Thaivisa.com and not Pantip.com, where the foremost language medium used is the Thai language

    Also, I've found some quite good long term housing rental bargains at Mrroomfinder.com. Rather a lot cheaper than a Thai rental website with the added bonus of having an English speaking landlord, sympathetic to western rental norms.

    Remember, we must stick to writing in English language only, here at this website.

  6. Anything advertised on the internet or other english medium will be above regular prices.

    Just walk around neighborhoods you like within walking distance of your target piers look out for signs and ask the street vendors, beauty shops and moto drivers.

    If you really want to put in a concentrated effort for a particularly attractive and difficult area, pass out a little flyer describing what you're looking for and offering a thousand or two finders' fee.

    Yes, Nonthaburi, full of signs written in English and English speaking Thais who don't believe in the policy of dual charging.

    So much more productive than the internet.

    Tic.

  7. Being the holder of a foreign currency account with TMB and also a long term resident of Thailand, I'd like to know if it's possible to have the fifteen percent withholding tax payments, on the interest, which are currently collected by the bank at interest payment time, suspended.

    It would be nice to have the option of paying it myself, not by the bank, at my annual Thai income tax return filing time

    If it can be done, what paperwork would I have to show to the bank?

    I've emailed the bank and their response was to phone the bank's call center, however the call center's staff English was lacking and they couldn't grasp the phrases 'withholding tax or foreign currency account'.

    My next available path of inquiry would be to find and go to a branch which has English speaking staff. This may be time consuming and frustrating as it would be hit-and-miss locating fluent staff.

    When I do find out whether or not it's possible, then I'll consider going direct to the bank's head office in Ladprao and then submitting the necessary paperwork.

  8. Agencies, on average, take 40 percent, of the teacher's salary, which is paid from the school to the agent. It should be no problem for the agent to pay for an employee's trip to immigration, etc. Negotiation is what it's all about. There are plenty of agents about, so just threaten to walk and see how quickly you are paid. If you are a valued member of staff, that is.

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