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Trust Management
Are you the owner of a house or flat in Thailand, Pattaya? Would you like to receive a monthly income from renting out your home? How wonderful it would be to put all the worries regarding the rental property on someone else’s shoulders: search for tenants, control over the safety of the property and timely payment of utility bills! Our company will gladly help you to make your dream come true, if you conclude a property trust management agreement.
Property trust management is a process of third-party management, during the implementation of which the management company assumes almost all the functions of the owner:
– searching for tenants;
– preparation and execution of the lease agreement;
– occupancy and eviction of tenants;
– Receiving monthly rental payments and monitoring the timeliness of payments;
– paying all utility bills or monitoring the timeliness of payments;
– supervising the safety of the property;
– provision of any household services (repair of the premises, call of utilities, cleaning companies, etc.);
– resolving disputes with tenants;
other services stipulated by the parties in the contract.
Recently, more and more owners prefer to lease their real estate in trust management, and this happens mainly if:
the owner has several different properties;
the owner goes to another city or country for temporary or permanent residence;
the owner does not have enough knowledge and skills to manage their properties;
the owner simply does not have time to engage in this type of activity (i.e. searching for tenants, collecting money, preparing lease agreements, monitoring the technical condition and so on). For example, he is busy at another job, or constantly travelling and business trips;
people specifically buy up property in order to receive a steady income from renting it out – long-term investors.
Thus, giving property in trust management to a reliable company with experienced staff is an ideal option for those who do not want to burden themselves with the problems associated with the rental of housing, but at the same time want to receive income from the use of their property.
