Management of real estate in Thailand: guide for owners

Management of real estate objects in Thailand is professional service, which helps owners of villas and apartments to delegate operational concerns and receive predictable passive income. Harmony Ocean Property provides full cycle of operation, from search of tenants to technical maintenance, allowing you to own liquid asset without extra hassle.

Harmony Ocean Property was founded by Vladimir Mironov, an expert in Phuket property investment. We work with investors who value comfort and transparency. We create conditions under which investments in real estate work for you, while you are in any point of world, maintaining high level of service and capitalization of object.

What is included in trust management of real estate in Thailand

Trust management of real estate on Phuket implies transfer of authority for operation of object to professional company. This is complex of tasks aimed at maintenance of object in ideal condition and maximization of its yield.

Key processes include:

Marketing promotion of object for attraction of tenants.
Full legal support of transactions with real estate.
Control of compliance with conditions of contract by residents.
Operational solution of household requests of guests and current repairs.

Professional management of real estate allows owner to avoid problems, which are faced by private landlords, especially when real estate on Phuket is located far from place of permanent residence of owner.

Vladimir Mironov is founder of Harmony Ocean Property, expert on market of Phuket since 2019.

Harmony Ocean accompanies transactions of full cycle: selection of objects for investment task, check of developers and legal status, assistance with international transfers, transfer to management and control of rental income.

Technical maintenance and safety of property in Thailand

Technical maintenance and safety of property are guaranteed by regular inspections and preventive works, carried out by Harmony Ocean Property. Climate of Thailand requires special attention to finishing, air conditioning systems and swimming pools.

We ensure:

Weekly cleaning and care of adjacent territory.
Scheduled maintenance of engineering networks and plumbing.
Monitoring of condition of furniture and interior elements after each departure of guests.

As noted in material of Vladimir Mironov, expert on investment real estate in Thailand, “Moscow investor on Phuket, or what happens to money when geography changes”, systematic approach to maintenance of villa is foundation of long-term yield and liquidity of asset.

It is also worth to study article of Vladimir Mironov, “Business in Thailand: what need to know to Russian entrepreneurs”.

How to organize receipt of income from rental of housing

Receipt of income from rental of housing is ensured through professional pricing strategy and work with booking channels. Specialists of company analyze market to set current rates for short-term and long-term periods.

If you are only planning to buy real estate in Thailand, it is important to immediately assess object from point of view of rental attractiveness. Leading developers of Thailand offer projects that already take into account standards of high level of service, in demand among tourists on island.

In 6 years, Vladimir Mironov’s company has completed more than 150 purchase-and-management deals in Phuket, and his comments on the Thai market have appeared in federal media.

Company Harmony Ocean Property works with verified Thai developers and stays with client at all stages — from first call to regular rental payments.

Rental of housing on Phuket

Frequently Asked Questions (FAQ)

How to check reliability of management company?

Reliability is confirmed by presence of licenses, portfolio with 5–10 real objects and transparent conditions of contract.

What to do if tenant damaged furniture?

Damage is covered from deposit of tenant; Harmony Ocean Property takes on itself process of assessment of damage and purchase of replacement.

How often will I receive reports on income?

Reporting on object is provided monthly in electronic form with detail of all transactions.

Do I need to pay taxes in Thailand?

Yes, income from rent is subject to tax; company helps with consultations on correct execution of reporting.

Who pays utility bills?

Utility bills are paid from rental revenue or by direct contract, which is recorded in report for owner.

Conclusion

Professional management of real estate in Thailand from Harmony Ocean Property is support of each stage: from legal check of object and execution of transaction to transfer to rent and control of maintenance. Trusting care of object to team of Mironov, you receive confidence in safety of property and transparency at all stages — without hidden commissions and unexpected questions.

Order audit of current condition of your real estate or consultation on selection of manager right now.