Can foreigners rent apartments and make them into Airbnb?

[releasethekraken]

I want to start an Airbnb chain of my own by renting apartments in the Sukhumvit area and redecorating and turning them into Airbnb. May I ask about the legal process and if it is possible to do so as a foreigner? I am a ASEAN citizen so I am allowed to come to Thailand for tourism only but I can get a work permit if I do decide to move to Thailand. Please help me! 

[Dante99]

Terrible idea.

[Doctor Tom]

As far as I know, not legally, but take advice, as that may be out of date info. If that is your plan OP, I'm surprised that you are not already using a Lawyer and indeed that you are asking on here, an open forum, where you have no idea who you are engaging with. .  Don't be naive, get good legal advice before you do anything. 

Edited June 5 by Doctor Tom

[Celsius]

You are 10 years too late. Every condo building on Sukhumvit has this sign

 

[UWEB]

Attached may help you to understand the hurdles you have to rent out AirBnB plus that most of the Rental Contract not permitting to do so.

 

https://www.lafs-legal.com/blog/669/the-legality-of-airbnb-in-thailand

 

[KhunLA]

That would be between you and whom ever you are renting from.   As pointed, many condo don't allow.  But non condo, private owners of property may.

[G_Money]

So the OP is asking to rent by lease and then sublease to Air B&B.

 

All I can say is the owner better have a cause in the lease restricting this activity.

 

I can see why they charge two months security deposit.

 

I have a suspicion this will not end well.

[NativeBob]

ASEAN citizen? too shy to say you're from ____________? 

[releasethekraken]

2 hours ago, Doctor Tom said:

As far as I know, not legally, but take advice, as that may be out of date info. If that is your plan OP, I'm surprised that you are not already using a Lawyer and indeed that you are asking on here, an open forum, where you have no idea who you are engaging with. .  Don't be naive, get good legal advice before you do anything. 

Thank you for your advice, I'm asking to see if there is any testimonial. But I highly doubt that now reading all the comments here..

[releasethekraken]

2 hours ago, Dante99 said:

Terrible idea.

I'm sure you're right 😅 But can you elaborate?

[releasethekraken]

6 minutes ago, Sticky Rice Balls said:

ive done it...putting my own apt on there and doing it with a thai buddy and his moms house which has a huge room right by TP gate.....aka homestay

May I know if it was a success?

[Bill97]

1 hour ago, releasethekraken said:

I'm sure you're right 😅 But can you elaborate?

Can you imagine the differences between a residential neighborhood and a resort cluster?

Edited June 5 by Bill97

[FritsSikkink]

2 hours ago, releasethekraken said:

I'm sure you're right 😅 But can you elaborate?

Subletting is mostly not allowed.

Airbnb for less than a month isn't legal.

You would be running business, so need a company.

Edited June 5 by FritsSikkink

[deptrai]

On 6/4/2024 at 11:32 PM, releasethekraken said:

I want to start an Airbnb chain of my own by renting apartments in the Sukhumvit area and redecorating and turning them into Airbnb. May I ask about the legal process and if it is possible to do so as a foreigner? I am a ASEAN citizen so I am allowed to come to Thailand for tourism only but I can get a work permit if I do decide to move to Thailand. Please help me! 

I believe this is exactly what Tim Newton (Australian) does.  He has a few Airbnb houses he rents on Phuket.  See his YouTube channel - Tim Newton Today (TNT).