Make sure your Pattaya property is the right one for you
In the Pattaya property market there are many types of investors with different lifestyles. The same investment property in Pattaya that is right for them might not exactly be the right Pattaya property for you. So do your own research based on your own abilities & likes before you enter the Pattaya property market. Lets take an example, lets say Kevin (Investor 1) has found a good rental investment property in the Pattaya real estate market. Even though he is only here in Pattaya 2-3 months per year Kevin thinks he might trust the property to an agent to service & rent out. But unless he knows the agent personally that might be heading for trouble. Would you trust the keys to your new property to a total stranger with a desk? If Kevin were here more often off course it wouldn’t be so bad but the fact is he is not.
So maybe it’s not the right property type for Kevin even though it has potential as a rental property. So he looks at a solid rental guarantee in Pattaya with guaranteed returns for next 3-5-10 years. But then this would limit his choice of available property to choose from. Then he will also have people like John (investor 2) & other agents/locals telling him what a big mistake he is making buying rental guarantees. Why? Firstly because in Pattaya almost everyone will try to sell you something if they know you are here to buy. Therefor they will try to talk you out of almost anything else you might be thinking of doing. Pattaya is full of experts with not much on during the day. They like to spend their time telling others how things operate around here. Thats why its vital that Kevin only takes advise from reputable experts with a portfolio to call their own. As for the experts & savvy investors like John, some of their points about not buying rental guarantee properties might even be valid. Things such as:
- You can get a much nicer unit in another project with a better view.
- You can get the same unit for cheaper around the corner.
- Who knows how long these rental guaranteed will last. I don’t trust them a bit.