Investment properties in Pattaya have an excellent earning potential.
Investment properties in Pattaya have excellent earning potential in the form of rent as well as being able to gain substantial capital growth. Historically, property has performed admirably and is viewed as a relatively safe investment largely because it is tangible – you can physically see and touch it. You do need to do your due diligence and purchase wisely to make returns. Location and price are obviously huge considerations so don’t buy the first thing you see.
The problems that investors do tend get from investment properties in Pattaya are usually from tenants, either because they can’t find a tenant or because the tenants that they may have won’t stay long-term or cause other problems. This will undoubtedly affect your returns in monetary values but also effectively removes the passive element of your income as you may be required to do a lot of work and have some sleepless nights.
Property management companies in Pattaya are a possible solution although there are no guarantees that they will find suitable tenants – they will just take care of any issues rather than you dealing with them and some will most likely charge a fee as an extra management service. If you are looking for some guarantees, then the best option is indeed investing in a ‘rental guarantee concepts’. As the names suggest, you do get a guarantee with these types of investment in the form of a guaranteed rental income for a set number of years, not to mention the fact that in most cases they will manage your property on your behalf.
Such has been the popularity of these types of scheme some of the renowned 5-star hotels now have these offers in some of their hotels. This is fantastic news for cautious investors as you benefit from having all the excellent facilities that you find in an upmarket hotel, the marketing and attraction that these firms have, and of course, they will be in prime locations as well as the fact that they have fantastic financial backing. It is hard to see how these rental guarantee concepts with the large hotels can fail.
There are three significant rental guarantee ideas offered by 5-star hotels that are currently available at the moment in Thailand, and they are in the major tourist centres of Phuket and Pattaya. The scheme in Pattaya is available in a completed project, the Amari Hotel and offers investors a steady return of 5% p.a. which is guaranteed for five years with predicted returns of 8% p.a. in following years.
The offers that are available in Phuket and are available at the Best Western and Ramada hotels. The projects are both still under construction, so the returns offered are slightly higher as is often the case with pre-opening projects. The deals are both the same, 7% p.a. Returns guaranteed for five years with superb expected earnings of 10% p.a. in the years after the initial guarantee.
This certainly isn’t money for nothing, but the rental guarantee concepts are an excellent investment and one that most people should consider adding to their portfolio.
Content credit to: Emerging Trends Advisors