What Does a Property Management Company Actually Do?
The problem property management solves
Owning a rental property in Jomtien or Pattaya while living overseas creates an obvious problem: you're not there to show the unit, collect rent, or deal with a leaking air-conditioner on a Sunday evening. A property management company exists to close that gap, acting as your local representative for everything the property needs between tenancies and during them.
What's typically included
While the exact scope varies by agency, a solid property management service usually covers:
- Marketing and tenant sourcing: listing the property, arranging and attending viewings, and screening applicants.
- Lease administration: preparing the rental agreement, collecting the security deposit, and renewing or ending leases correctly.
- Rent collection: chasing and collecting rent on time, and transferring it to the landlord with a clear statement.
- Maintenance: coordinating repairs, using trusted local contractors, and keeping the landlord informed of costs before work is carried out.
- Building liaison: dealing with the condominium's juristic office on the landlord's behalf for anything from common fees to building rules.
- Move-out inspection: checking the unit's condition against the move-in inventory and handling the deposit fairly for both parties.
When it's worth hiring one
If you live outside Thailand, or simply don't have the time or local contacts to manage tenants and maintenance yourself, a management service usually pays for itself in time saved and problems avoided. It's also useful for landlords who own multiple units, since a management company can consolidate rent collection and maintenance across a whole portfolio.
How East Coast Real Estate manages properties in Jomtien
We manage rental properties for landlords across Jomtien and the wider Pattaya area, many of whom live abroad and rely on us as their eyes and ears on the ground. Because our office is in Jomtien, we can respond to maintenance issues quickly rather than working through a call centre. If you'd like to discuss handing over the day-to-day management of a rental property, contact our team for a straightforward run-through of what's included and what it costs.