Joined 2 condos. Join a 3rd?

[banagan]

I bought 2 small condos and converted to a nice 1 bedroom, corner unit.

 

The one next door is for sale. I was thinking I could buy it, fix it up and rent it out.

 

I was thinking of having a door so I could have the option of more space when it's not rented.

 

Good or bad idea?

 

 

Edited April 17, 2020 by banagan

[Puchaiyank]

By all means purchase the 3rd condo...don't bother to fix it up...drive down Jomtien Beach road until you find a homeless family or two...give them shelter and food until they get back on their feet again...your reward will be unconditional love and friendship...

[JimmyTheMook]

Why not?

if there is a open wall just install a good steel door maybe from Scorpion Doors.

 

 

[Bruce Aussie Chiang Mai]

Good idea get a young lady tenant.

[jadee]

Buying the next unit and renting it out could be smart depending on the demand in your area, especially if you buy it at a good price. If it's foreclosed and you buy it at auction, it could be good.

 

In my opinion, the idea of having a door between your unit and one you want to rent out doesn't sound to me like a good idea for 2 reasons

1) I personally wouldn't like renting a place that had a weird connecting door only my landlord had the key to and could open at any point...kind of creepy...but maybe Thais would be okay with it.
2) There's also the privacy issue - unless you buy a completely soundproof door (don't know where you buy one of those in Thailand) but you're going to hear everything!

Out of interest - when you join two smaller units do you keep the two original deeds or have to get a lawyer to create a new one? 

[banagan]

30 minutes ago, jadee said:

Buying the next unit and renting it out could be smart depending on the demand in your area, especially if you buy it at a good price. If it's foreclosed and you buy it at auction, it could be good.

 

In my opinion, the idea of having a door between your unit and one you want to rent out doesn't sound to me like a good idea for 2 reasons

1) I personally wouldn't like renting a place that had a weird connecting door only my landlord had the key to and could open at any point...kind of creepy...but maybe Thais would be okay with it.
2) There's also the privacy issue - unless you buy a completely soundproof door (don't know where you buy one of those in Thailand) but you're going to hear everything!

Out of interest - when you join two smaller units do you keep the two original deeds or have to get a lawyer to create a new one? 

Good points.

 

I have 2 deeds.

[couchpotato]

I have done similar. Used the double door method as in hotels.

ie: one room can open one door but not the other, and vice versa from the other room.

When I had tenants I just had a nice fitted Styrofoam panel made that fitted between the 2 doors.

hey presto, private and no noise.

 

Edited April 18, 2020 by couchpotato

[JimmyTheMook]

1 hour ago, jadee said:

Buying the next unit and renting it out could be smart depending on the demand in your area, especially if you buy it at a good price. If it's foreclosed and you buy it at auction, it could be good.

 

In my opinion, the idea of having a door between your unit and one you want to rent out doesn't sound to me like a good idea for 2 reasons

1) I personally wouldn't like renting a place that had a weird connecting door only my landlord had the key to and could open at any point...kind of creepy...but maybe Thais would be okay with it.
2) There's also the privacy issue - unless you buy a completely soundproof door (don't know where you buy one of those in Thailand) but you're going to hear everything!

Out of interest - when you join two smaller units do you keep the two original deeds or have to get a lawyer to create a new one? 

 

There are two separate chanoots (that's the Thai word for deed), so you can always seal off the doorway again and sell as separate units.

 

 

 

 

 

 

[smutcakes]

Check its not a structural wall...

[ChouDoufu]

if not soundproof, they can hear everything that goes on in YOUR apartment.

[CrunchWrapSupreme]

I remember in the flick Casino when the manager said he gave a Japanese high roller a whole floor of rooms. Some day I'll buy out a floor of condos and knock down all the walls. Then I'll make a go kart track around my hot tubs and bars. That's the dream, baby. 

[tutsiwarrior]

we bought 2 connected townhouses and added a 3rd adjacent with connecting 1st floor terraces to the front and rear about 20 years ago...suits what the wife wanted, she did all the work...

 

 

[natway09]

You keep the original title deeds.

I would not like having a tenant so close not would I like the landlord so close.

Buy one further away unless the long term plan is to have a 3 in 1 later

 

[GreasyFingers]

21 hours ago, jadee said:

Buying the next unit and renting it out could be smart depending on the demand in your area, especially if you buy it at a good price. If it's foreclosed and you buy it at auction, it could be good.

 

In my opinion, the idea of having a door between your unit and one you want to rent out doesn't sound to me like a good idea for 2 reasons

1) I personally wouldn't like renting a place that had a weird connecting door only my landlord had the key to and could open at any point...kind of creepy...but maybe Thais would be okay with it.
2) There's also the privacy issue - unless you buy a completely soundproof door (don't know where you buy one of those in Thailand) but you're going to hear everything!

Out of interest - when you join two smaller units do you keep the two original deeds or have to get a lawyer to create a new one? 

You have never stayed in a big hotel where they can join two rooms together for a large family friends?

[mcl2504]

I personally would not rent a unit with a door, no matter how secure, that leads into someone else's unit, especially the owner's. Maybe if it were a different market people would take it, but I thought right now it's a renter's market, so someone can pretty much get whatever they want—or turn down a place for almost no reason. If you want to buy it, I'd do it simply for the luxury of expanding into that third unit. Just my two cents.

[jimmybcool]

I don't see the reason to do this.  If you wish to invest in a rental condo I have no position on that concept.  But I see no reason to own the one next door to where you want to live.  So unless you are buying next door to expand your own unit further I say pass and look for a rental unit apart from your own home.

 

Actually if I was going to be a landlord in Thailand I wouldn't even want my tenant condo in the same building I live in.  Keep home and business apart.  That's just me.

[DJ54]

On 4/18/2020 at 8:39 PM, jadee said:

1) I personally wouldn't like renting a place that had a weird connecting door only my landlord had the key to and could open at any point...kind of creepy...but maybe Thais would be okay with it.

Agree... even if I stay at a hotel I refuse to take a room with adjoining door.... I don’t want to be concerned about ....

[sead]

On 4/18/2020 at 2:39 PM, jadee said:

Buying the next unit and renting it out could be smart depending on the demand in your area, especially if you buy it at a good price. If it's foreclosed and you buy it at auction, it could be good.

 

In my opinion, the idea of having a door between your unit and one you want to rent out doesn't sound to me like a good idea for 2 reasons

1) I personally wouldn't like renting a place that had a weird connecting door only my landlord had the key to and could open at any point...kind of creepy...but maybe Thais would be okay with it.
2) There's also the privacy issue - unless you buy a completely soundproof door (don't know where you buy one of those in Thailand) but you're going to hear everything!

Out of interest - when you join two smaller units do you keep the two original deeds or have to get a lawyer to create a new one? 

A simple hasp inside the tenants side would be enough.

[soi3eddie]

5 hours ago, GreasyFingers said:

You have never stayed in a big hotel where they can join two rooms together for a large family friends?

First time in Australia arriving at 9pm on a Friday night and stayed in King's Cross Hotel with my wife and 6mth old son. Party central in the next room with connecting doors - could hear everything! Blockaded our side of the door with furniture to ensure safety. Checked out first thing next morning.

Edited April 19, 2020 by soi3eddie