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Landlord with retirement visa: what am I allowed to do?

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I bought the house next to mine because it was a good deal and I wanted some control over who got it and to have a place for my friends who visit.  But now I hear I can't even do the TM30 and that I can't advertise it on Facebook without riskof  losing my retirement visa as I can't legally work.  What can I legally do or how can I resolve these problems? I'm on Ko Samui.

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1 hour ago, Lazinonthebeach said:

What can I legally do or how can I resolve these problems?

Employ a Thai person to be your (house) companies property manager.

2 hours ago, Lazinonthebeach said:

...What can I legally do or how can I resolve these problems? I'm on Ko Samui.

 

As the owner of a house, you can legally rent it out without losing your retirement extension.

The single biggest problem in communication is the illusion that it has taken place

 

How did you buy the house next door when not Thai? House can't be in your name as an existing house on land cannot be sold to non-thai 

 

2 hours ago, Pattaya57 said:

How did you buy the house next door when not Thai? House can't be in your name as an existing house on land cannot be sold to non-thai 

 

Isn't there some way you can do a long term land lease for the land, and somehow buy the actual house as a separate transaction?

 

To th original poster:  I'd just hire a rental agency and turn it all over to them.  They'd get a small cut of the monthly rent. 

Who owns the land?

 

If you own the house only, and someone else controls the land, what's to stop them from, well............just about anything?

8 minutes ago, jas007 said:

Isn't there some way you can do a long term land lease for the land, and somehow buy the actual house as a separate transaction?

A Thai wife can buy the land and a foreigner can then buy the house going on that land, but a foreigner cannot buy an existing house and land being re-sold like OP says he did

3 minutes ago, Pattaya57 said:

A Thai wife can buy the land and a foreigner can then buy the house going on that land, but a foreigner cannot buy an existing house and land being re-sold like OP says he did

Maybe he said "bought" in a broad sense.  You can "buy" a 30 year lease, right?  I see properties advertised like that sometimes.  Someone buys a land lease with an existing structure, then at some later date wants to sell the lease.  So it's advertised as a land lease sale with X number of years remaining. 

 

My only question is if the house can be separated from the land lease once the lease is a done deal. 

To follow up: if the original lessor (Thai person who owns the land) wanted to at some later date negotiate a sale of the house structure separate from the land, wouldn't that be possible? 

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1 hour ago, jas007 said:

My only question is if the house can be separated from the land lease once the lease is a done deal. 

And my frustration is with Threads like this with vague OP and after opening thread vanishes.

 

Myself and another guy have hit 2 confused emoji.

Until OP clarifies its waste of time posting guess work

Put it all on your Mrs name and sleep easy.

12 hours ago, jas007 said:

To follow up: if the original lessor (Thai person who owns the land) wanted to at some later date negotiate a sale of the house structure separate from the land, wouldn't that be possible? 

Makes sense then they can tell you to move it because they want to build.

TiT.

I have small guest house next to my main house. I have local Thai that rents it out via Booking.com They get small cut and they do the TM 30, works out well. 

32 minutes ago, wombat said:

Makes sense then they can tell you to move it because they want to build.

TiT.

 Not if you also have a 30 year lease that's recorded. I guess ideally all this could be negotiated as part of the initial lease structure. Or, leave yourself an option to amend at a later date. 

1 hour ago, wombat said:

Put it all on your Mrs name and sleep easy.

 

hahaha, sure, until she dies or divorce hit you

15 hours ago, Pattaya57 said:

A Thai wife can buy the land and a foreigner can then buy the house going on that land, but a foreigner cannot buy an existing house and land being re-sold like OP says he did

That is incorrect information,  i bought a villa in Phuket in 2015 that villa was built in 2006 and had two previous Thai owners before i bought it. The villa is in my name and the land is now in a Thai company name that i control as director with 49% and  1 voting right per share for my 49%. The other 51% are split between my accountant and my Thai wife but they have 1 voting right per 10 shares.

23 hours ago, Pattaya57 said:

How did you buy the house next door when not Thai? House can't be in your name as an existing house on land cannot be sold to non-thai 

 

Op said "I bought the house next to mine", the land under it wasn't mentioned. A foreigner can own a house – I own mine – but not the land under it, excapt when entering on an investor visa.

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