Renting Property In Phuket at the Moment

[CFC]

A friend has got a 2 Bedroom Townhouse in Kathu and has been trying to rent it for 6 weeks. Its a lovely furnished house, well decorated. But she is having problems renting it out. I think she is asking much for the monthly rent. She wants 15K a month and the agency adds another 2K on top of that. She has had many people view it but no takers. I told her to drop t by 1000 Baht and she how she gets on and if still no takers after 2-3 weeks drop it by another 1000. Better to have it rent out and for them to pay the mortgage than it sit empty. Anyone else having problems renting there properties at the moment. I know its the low season but have heard its even quieter than normal.

[emphuket]

Hey! Any chance you could pass on the info? I'm looking for something for 10000 in Kathu!

[hkt83100]

Hey! Any chance you could pass on the info? I'm looking for something for 10000 in Kathu!

Which - in my opinion - should be the upper limit for an object like this in Kathu.

[NamKangMan]

Hey! Any chance you could pass on the info? I'm looking for something for 10000 in Kathu!

You should have started at 8000 baht - probably would have got it.

[phuketrichard]

its low season and with the current non government an coup

not many people moving to phuket looking for renting anything now

2 bedroom Kathu say 10,000 would be a good starting point

[PattayaPhom]

With many viewings and no takers there is obviously something wrong....what feedback from the customers?...price, noise, location?....

[CFC]

I thought it might be overpriced by about 2,000 Baht a month. I know she hasnt had any problerms renting it out previously for the 15K a month plus agency fee. Have the rents dropped a lot in the 6-12 months in Phuket.

[CFC]

With many viewings and no takers there is obviously something wrong....what feedback from the customers?...price, noise, location?....

I dont know the feedback from previous viewers.

[CeltNYC]

Wish I were there now to take a look at the property but we won't be in Phuket until August.

Had a question for the more seasoned Phuket vets here. Will be moving in August and I've seen a few very high-end properties advertised. Some of these are quite expensive running 65,000 or so but then I see places like this in Kathu that are going for 15,000 it gives me pause!

http://www.houseinphuket.com/houses/LTR/

We are looking in Phuket Town or Kathu so is the above a reputable site? Seems so.

Also are these properties worth these prices or will we find comparable places for less price when we arrive in August?

http://www.houseinphuket.com/houses/LTR/a0868/

http://www.houseinphuket.com/houses/LTR/b0300/

http://www.houseinphuket.com/houses/LTR/b0111/

Quite beautiful places but 60,000? We want similar places so wondering how to get the best deals. Also are prices negotiable?

Sorry to hijack the OP's thread and good luck m8!

[LivinginKata]

That's Wellta's site. She is a reputable agent and seems to have a good reputation. But you have to realise that owners going through an agent generally charge top price and need to cover the agent's 10% fee. For the 'best' prices you need to contact the owner directly, usually by riding about areas that interest you and looking for the 'FOR RENT' sign boards.

In the renting business there are few folks even looking, mind you that usual in May/June/July ever year, but even quieter this year. I have to say I have noticed a decline year on year for the last 4 or 5 years. Those folks looking expect big discounts, but few owners are likely to discount if they are asking a reasonable rent price on request. I myself give the rent price I want (and have been asking the same price for the last 9 years, never increased) and won't budge a baht. Viewers and callers are amazed that no discount is on offer for monthly payment. They usually walk away. mai pen rai.

[nedkellylives]

Its supply and demand, currenty to bg a supply and not much demand for rental properties

You can ask what you want to but if you really want to rent a property out you need to find

out what other similar proterties have been rented for recenty without being vacant for a long

period and ask for the same rent

Plenty of overpriced rental properties around and the are usually vacant most of the time

2 bedroom with basic furniture you can rent for 12K baht in Chalong for 1 year and Kathu

should be about the same price or 13K baht for 6 months, lots of landlords are happy to

rent a property for 6 months now, once the contract runs out they are happy to extend monthly

[littleboylost]

Wish I were there now to take a look at the property but we won't be in Phuket until August.

Had a question for the more seasoned Phuket vets here. Will be moving in August and I've seen a few very high-end properties advertised. Some of these are quite expensive running 65,000 or so but then I see places like this in Kathu that are going for 15,000 it gives me pause!

http://www.houseinphuket.com/houses/LTR/

We are looking in Phuket Town or Kathu so is the above a reputable site? Seems so.

Also are these properties worth these prices or will we find comparable places for less price when we arrive in August?

http://www.houseinphuket.com/houses/LTR/a0868/

http://www.houseinphuket.com/houses/LTR/b0300/

http://www.houseinphuket.com/houses/LTR/b0111/

Quite beautiful places but 60,000? We want similar places so wondering how to get the best deals. Also are prices negotiable?

Sorry to hijack the OP's thread and good luck m8!

You need to ask yourself what would similar properties in your home country rent for? The asking rents are anywhere between US$2000-3000 per month. If the properties are in fact per the photographs then sounds reasonable. There is always room for negotiation if the owner needs the rental income. Land prices in Phuket are sky high and to build a house to European/US standards using high quality materials is not cheap.

Edited June 15, 2014 by littleboylost

[stevenl]

Wish I were there now to take a look at the property but we won't be in Phuket until August.

Had a question for the more seasoned Phuket vets here. Will be moving in August and I've seen a few very high-end properties advertised. Some of these are quite expensive running 65,000 or so but then I see places like this in Kathu that are going for 15,000 it gives me pause!

http://www.houseinphuket.com/houses/LTR/

We are looking in Phuket Town or Kathu so is the above a reputable site? Seems so.

Also are these properties worth these prices or will we find comparable places for less price when we arrive in August?

http://www.houseinphuket.com/houses/LTR/a0868/

http://www.houseinphuket.com/houses/LTR/b0300/

http://www.houseinphuket.com/houses/LTR/b0111/

Quite beautiful places but 60,000? We want similar places so wondering how to get the best deals. Also are prices negotiable?

Sorry to hijack the OP's thread and good luck m8!

You need to ask yourself what would similar properties in your home country rent for? The asking rents are anywhere between US$2000-3000 per month. If the properties are in fact per the photographs then sounds reasonable. There is always room for negotiation if the owner needs the rental income. Land prices in Phuket are sky high and to build a house to European/US standards using high quality materials is not cheap.

What is the relevance of prices in home countries? If he is from South Somalia prices are extremely high here, if he is from downtown Manhattren prices are very low here.

Only relevance are the prices on Phuket, and even more specific the chosen area.

[CFC]

I cant seem how comparing it to your home country helps. You need to be comparing it to similar properties in the same area in Phuket. Different areas in Phuket different rental prices.

[nedkellylives]

I cant seem how comparing it to your home country helps. You need to be comparing it to similar properties in the same area in Phuket. Different areas in Phuket different rental prices.

You have answered your own question OP

[CFC]

I cant seem how comparing it to your home country helps. You need to be comparing it to similar properties in the same area in Phuket. Different areas in Phuket different rental prices.

You have answered your own question OP

Know I havent because I dont have a great knowledge of Phuket property prices and have never claimed to have. Also I havent got a spare 2-3 hours to do the research online. Also a lot of prices online arent the true rental costs, they are slightly inflated. There is a lot of knowledgeable people on this forum who spent a lot longer in phuket than me and I was looking for feedback from them.

[littleboylost]

Wish I were there now to take a look at the property but we won't be in Phuket until August.

Had a question for the more seasoned Phuket vets here. Will be moving in August and I've seen a few very high-end properties advertised. Some of these are quite expensive running 65,000 or so but then I see places like this in Kathu that are going for 15,000 it gives me pause!

http://www.houseinphuket.com/houses/LTR/

We are looking in Phuket Town or Kathu so is the above a reputable site? Seems so.

Also are these properties worth these prices or will we find comparable places for less price when we arrive in August?

http://www.houseinphuket.com/houses/LTR/a0868/

http://www.houseinphuket.com/houses/LTR/b0300/

http://www.houseinphuket.com/houses/LTR/b0111/

Quite beautiful places but 60,000? We want similar places so wondering how to get the best deals. Also are prices negotiable?

Sorry to hijack the OP's thread and good luck m8!

You need to ask yourself what would similar properties in your home country rent for? The asking rents are anywhere between US$2000-3000 per month. If the properties are in fact per the photographs then sounds reasonable. There is always room for negotiation if the owner needs the rental income. Land prices in Phuket are sky high and to build a house to European/US standards using high quality materials is not cheap.

What is the relevance of prices in home countries? If he is from South Somalia prices are extremely high here, if he is from downtown Manhattren prices are very low here.

Only relevance are the prices on Phuket, and even more specific the chosen area.

I was referring to the fact that if you are looking for luxury type accomodation, which was what the poster was referring to on the phuketrenthouse website then you will likely pay close to what you would pay in your home country.

Is US$2000/month too much? I personally don't think so if the property has all that you are looking for.

There are plenty of cheaper options out there and yes location is a big factor in rental prices, but like everything else you get what you pay for.

[SDM0712]

It depends whereabouts in Kathu it is, the price seems about right. To give you an example we get around 12,000 a month for our DCondos, which are only around 35 m2 studios !! And 16,000 for 2 bed condos at Phuket Country Club.

What she needs to be asking is more how is it being advertised and where, is there a sign outside, that type of thing. After 25 years in agency both here and London I am continually amazed that people thing we do nothing for our money. To anyone that rents their own property I ask how about the contracts, inventories, photographs, advertising. People take photos on their iPhones and upload them, to be honest they are better off using nothing at all. The TV classified section is all very well for free but many of the good websites cost money and are not cheap. For examples Ddproperty.com is very good, but the free adds appear at the end of a list of hundreds or thousands. To get near the top you have to take a package, and if you a serious you take the top Platinum Package as we do, but for the private advertiser that's no good even if they wanted to spend the money as it gives you 150 top ad spaces.

SDM

[SDM0712]

I cant seem how comparing it to your home country helps. You need to be comparing it to similar properties in the same area in Phuket. Different areas in Phuket different rental prices.

It doesn't help.

In my Harrow branch (NW London) I have studio apartments of around 35 m2 that get around 35,000 baht a month (equiv), in my Phuket branch I can give someone a 3 or 4 bedroom detached house with a 2 or 3 bathrooms for the same money. Also prices vary tremendously depending on whether it's near the seaside, a Thai area or an expat area.

SDM

Edited June 15, 2014 by SDM0712

[stevenl]

Wish I were there now to take a look at the property but we won't be in Phuket until August.

Had a question for the more seasoned Phuket vets here. Will be moving in August and I've seen a few very high-end properties advertised. Some of these are quite expensive running 65,000 or so but then I see places like this in Kathu that are going for 15,000 it gives me pause!

http://www.houseinphuket.com/houses/LTR/

We are looking in Phuket Town or Kathu so is the above a reputable site? Seems so.

Also are these properties worth these prices or will we find comparable places for less price when we arrive in August?

http://www.houseinphuket.com/houses/LTR/a0868/

http://www.houseinphuket.com/houses/LTR/b0300/

http://www.houseinphuket.com/houses/LTR/b0111/

Quite beautiful places but 60,000? We want similar places so wondering how to get the best deals. Also are prices negotiable?

Sorry to hijack the OP's thread and good luck m8!

You need to ask yourself what would similar properties in your home country rent for? The asking rents are anywhere between US$2000-3000 per month. If the properties are in fact per the photographs then sounds reasonable. There is always room for negotiation if the owner needs the rental income. Land prices in Phuket are sky high and to build a house to European/US standards using high quality materials is not cheap.

What is the relevance of prices in home countries? If he is from South Somalia prices are extremely high here, if he is from downtown Manhattren prices are very low here.

Only relevance are the prices on Phuket, and even more specific the chosen area.

I was referring to the fact that if you are looking for luxury type accomodation, which was what the poster was referring to on the phuketrenthouse website then you will likely pay close to what you would pay in your home country.

Is US$2000/month too much? I personally don't think so if the property has all that you are looking for.

There are plenty of cheaper options out there and yes location is a big factor in rental prices, but like everything else you get what you pay for.

Again, big, big differences between home countries and locations in those home countries.

A home country reference is meaningless.

[merijn]

Townhouses are difficult to rent out as many people don't like them due to the noise, location etc.

I have 3 free standing houses ( 3 bedroom/3 bathroom and 3 bedroom/bathroom) in the rent in Kathu and they are doing about 24.000 Baht a month each.

What i normally do is rent the house out via a agency for the first year and if the costumer want to stay longer make a contract directly with him and give him the provision as a discount.

This works normally very well and one of my houses is already rented out to the same person for 5 years.

[SDM0712]

Townhouses are difficult to rent out as many people don't like them due to the noise, location etc.

I have 3 free standing houses ( 3 bedroom/3 bathroom and 3 bedroom/bathroom) in the rent in Kathu and they are doing about 24.000 Baht a month each.

What i normally do is rent the house out via a agency for the first year and if the costumer want to stay longer make a contract directly with him and give him the provision as a discount.

This works normally very well and one of my houses is already rented out to the same person for 5 years.

I suppose it depends where in Kathu they are, but I think your tenants have done very well. The last two 3 bed, 3 bath houses we rented out in Kathu were just off Soi Namtok and got 35,000 PCM each. One 4 bed I know of also off Soi Namtok with a pool got 48, but not via us.

Having said that in my experience it's not a bad thing for a landlord to ask under market rent because they can attract a great deal of interest and the landlord can have their pick of tenants. As any seasoned agent or Landlord will tell you the quality of the tenant is more important than getting top rent.

SDM

[merijn]

Townhouses are difficult to rent out as many people don't like them due to the noise, location etc.

I have 3 free standing houses ( 3 bedroom/3 bathroom and 3 bedroom/bathroom) in the rent in Kathu and they are doing about 24.000 Baht a month each.

What i normally do is rent the house out via a agency for the first year and if the costumer want to stay longer make a contract directly with him and give him the provision as a discount.

This works normally very well and one of my houses is already rented out to the same person for 5 years.

I suppose it depends where in Kathu they are, but I think your tenants have done very well. The last two 3 bed, 3 bath houses we rented out in Kathu were just off Soi Namtok and got 35,000 PCM each. One 4 bed I know of also off Soi Namtok with a pool got 48, but not via us.

Having said that in my experience it's not a bad thing for a landlord to ask under market rent because they can attract a great deal of interest and the landlord can have their pick of tenants. As any seasoned agent or Landlord will tell you the quality of the tenant is more important than getting top rent.

SDM

Totally agree, I don't have much problems with renting out my property and the minimum rent is 6 months but most will stay for at least 1 year andmore.

Due to the location the price i ask is fair but not as cheap as you think.

Also i have a good reputation ask we don't fool around the deposit etc.

Edited June 15, 2014 by merijn