Asset Management Company

[xm911e3]

Hi guys, I'm in Thailand, Chiang Mai. Recently bought 2 pieces of properties using my Thai company and rented them out. Long story short, here goes. My Thai GF is the one collecting the rent, issuing the rental receipts, contracts and stuff like that under my instructions. As this is the beginning, I'm letting her manage my 2 properties till I can find an ASSET MANAGEMENT COMPANY to fully replace her. I've a small problem here which I hope I'm able to find an answer here.

Can anyone recommend me a good and honest (Reputable) professionally managed ASSET MANAGEMENT COMPANY in Thailand, Chiang Mai please? (Perferbly able to speak good English)

I'll need ASSET MANAGEMENT COMPANY to

1) Collect Monthly Rental

2) Renew Annual Contracts With Tenants

3) Pay Whatever Expenses Involved

4) Deposit Monthly Net Profits Into My Thailand Bank Account

5) Take Care Of My Tenants

In other words, it doesn't matter if I'm in Thailand or not, my assets will be well taken care of and run by itself.

Thanks in advance.

[trogers]

Watch out for legal complications arising from you granting a power of attorney to such a company to act on your behalf.

[xm911e3]

Watch out for legal complications arising from you granting a power of attorney to such a company to act on your behalf.

Yes. Thank you very much. I'll definately keep that in mind. I just hope to find some reliable Asset Management Company here in Chiang Mai without having to make my gf the specialist in this business.

Edited August 27, 2010 by xm911e3

[stgrhe]

Plus Property is such a company but they are not present in Chiang Mai. www.plus.co.th/

[xm911e3]

Plus Property is such a company but they are not present in Chiang Mai. www.plus.co.th/

No problem I'll keep looking and asking around in Chiang Mai. BTW, thanks for your input. That website you provided will definately be useful to me soon. Thank you.

Edited August 28, 2010 by xm911e3

[LivinLOS]

Have a word with Ed at century21.. They have the sunbelt franchise too and I suspect this may be within their remit.

[eljeque]

If your girlfriend is doing this now, and doing a good job of it, you should let her continue.

ASSET MANAGEMENT COMPANY

1) Collect Monthly Rental WHEN THEY TELL YOU THE TRUTH ABOUT OCCUPANCY

2) Renew Annual Contracts With Tenants

3) Pay Whatever Expenses Involved WITHOUT PADDING THE BILLS TOO MUCH, OR CREATING THEM

4) Deposit Monthly Net Profits Into My Thailand Bank Account

5) Take Care Of My Tenants NOT THEMSELVES

Best of luck to you.

It is always best to avoid being an overseas owner.