What are you looking for? Accent can help. |
Tenant Management
- Tenant screening and background checks
- Lease drafting, negotiation, and renewal
- Handling tenant complaints and requests
- Managing tenant move-ins and move-outs
- Rent collection and security deposit management
Property Marketing and Leasing
- Professional photography and videography services
- Creation of virtual tours for online listings
- Property advertising on leading online portals and local media
- Organizing open houses and private viewings
- Market analysis to determine competitive rental rates
Financial Services
- Monthly financial reports for property owners
- Management of all billing and payments related to the property
(utilities, taxes, etc.) - Year-end financial summary for tax purposes
- Consultation on optimal pricing and strategies to maximize rental income
Legal and Compliance Support
- Assistance in understanding and complying with Bangkok’s rental and property laws
- Lease agreement management to ensure legal accuracy and protect the owner’s interests
- Handling legal disputes, if any, in collaboration with legal professionals
Technology Solutions
- Online property management system for owners to track reports and rental status
- Automated notifications for due payments and maintenance schedules
- Real-time data access via app or website
- Digital storage for documents and maintenance history
Convenience Services
- Cleaning and housekeeping services
- Gift arrangement and property decoration services
- Moving and item handling services
- Private transportation services
- Key holding services
- Coordination of value-added services for tenants
Insurance and Risk Management
- Assistance in sourcing property insurance
- Periodic risk assessments to identify potential liabilities
- Emergency preparedness planning for issues such as flooding, fire, etc.
Investment and Sales Services
- Market analysis for owners looking to expand their real estate investment portfolios
- Assistance in selling properties, including marketing, negotiation, and closing the sale
- Advice on property improvements to increase resale value
Community Engagement and Management (for Condominiums)
- Coordination of community activities and events
- Management of common facilities, such as the gym, swimming pool, and meeting rooms
- Management of condo association meetings, agendas, and meeting minutes
F.A.Q.
Frequently Asked Questions
To set an appropriate rental price, it is essential to conduct thorough market research in the area, considering factors such as location, condition of the property, nearby amenities, maintenance and investment costs, as well as surveying rental prices of similar properties and tenant demand.
You are required to pay personal income tax and property tax on rental income. Withholding tax may be deducted by the tenant, and VAT may apply in certain cases.
- Personal Income Tax: Rental income is considered one type of income that you must include along with other income (if any) for your annual personal income tax filing. You can choose to deduct expenses using a flat-rate method (based on the type of property, such as 30% for residential properties, 20% for agricultural land, and 15% for other land) or deduct actual expenses.
- Land and Building Tax: As the property owner, you are required to pay the land and building tax annually, calculated based on the property value and the tax rate according to the usage type (e.g., residential, commercial).
- Withholding Tax (may apply): If your tenant is a corporation, limited partnership, or other legal entity, they are obligated to withhold tax from the rent they pay to you (typically at a rate of 5% for rental properties) and remit it to the Revenue Department. You can use the withheld tax as a tax credit when filing your personal income tax.
- Value-Added Tax (VAT) (special case): Generally, rental income from property is exempt from VAT. However, if you earn income from renting furniture, amenities, or other services related to the rental, and your total income exceeds 1.8 million baht per year, you may need to register for and pay VAT.
For a clear and comprehensive understanding of your tax obligations, it is advisable to refer to the Revenue Department or consult a tax expert.
Accent places great importance on tenant background checks as a crucial step in reducing the risks of future issues, such as overdue rent, property damage, or other problems that could affect the property owner and ensure confidence in the rental process.
Tenants are responsible for damages caused by their own actions or negligence, but are not liable for damages due to normal wear and tear or unforeseen events. However, Accent clearly specifies these details in the lease agreement.
there are restrictions. Foreigners can generally own condominiums in Thailand, but the total foreign ownership in a building must not exceed 49% of the total units. For land ownership, foreigners are generally not allowed to own land in Thailand, except in specific cases such as through a leasehold arrangement or a Thai company (subject to specific legal requirements).
Yes, you can delegate a property management company to handle your property with a power of attorney. Depending on the needs and nature of the property, it's important to clearly define the scope of authority together.