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Court decides: AirBnB illegal in Thailand for daily and weekly rental

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1 hour ago, brucec64 said:

It's actually up to the co-owners to decide, and the condo management to enforce. If management is not doing their job, it's up the committee to take action.

 

I think it's reasonable to put a non-airbnb clause on the condo. A well run condo can easily stop short term rentals.

 

The co-owners should be requiring condo management to enforce the prohibition against short-term rentals.  Conversely, they do not have the power to require condo management to allow short-term rentals as that would be in violation of Thai law.

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3 hours ago, Peterw42 said:

I imagine its all the same problems, a lot of pissed off people in residential buildings, landlords avoiding tax and being unaccountable, dedicated purpose built hotels with less customers. People staying in substandard buildings that were never intended to be hotels, lack of insurance, security, safety and no one to be held accountable.

I can put up tents down on the beach and give people "more options".

 

Most condominiums here are unoccupied for about 75% in average ... have some rooms booked by airbnb no big deal.. so there be 15 people at the pool instead of 9...

loosen up

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1 hour ago, JAZZDOG said:

Condo dwellers are like "White Man" in the 70s Zap comics " They must maintain that rigid position or all is lost". They actually have gestapo dudes who go around asking people at the pool if they are there short term. They really despise everyone that is not like them, think like them, look like them, talk like them etc. Condos are great places if you are like them, otherwise not so much.

 

 

whiteman.gif

How dear Airbnb guests  riff raff folks use their pool because they do not hold a year rental lease in pocket like they signed.

i think all the same soon as condo owners make good income with airbnb they will shut up immediately..

 

Edited by Destiny1990
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4 minutes ago, Destiny1990 said:

How dear Airbnb guests  riff raff folks use their pool because they do not hold a year rental lease in pocket like they signed.

i think all the same soon as condo owners make good income with airbnb they will shut up immediately..

 

Whats funny is the condo dwellers who got baited into buying based on guaranteed returns of 7% only to find out later that was only on Airbnb short term rentals. I wonder how many would have purchased if they knew they would only make a paltry 3% renting yearly and when they finally sold it would mean taking a 10% bath.

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10 minutes ago, JAZZDOG said:

Whats funny is the condo dwellers who got baited into buying based on guaranteed returns of 7% only to find out later that was only on Airbnb short term rentals. I wonder how many would have purchased if they knew they would only make a paltry 3% renting yearly and when they finally sold it would mean taking a 10% bath.

Yeah exactly Its an open market nowadays  airbnb grap uber dont begin whining about it because Internet is not going to stop..

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6 minutes ago, Destiny1990 said:

How dear Airbnb guests  riff raff folks use their pool because they do not hold a year rental lease in pocket like they signed.

i think all the same soon as condo owners make good income with airbnb they will shut up immediately..

 

     Except, where's the 'good income' if you just have one condo you are renting out illegally on a daily basis?  I just checked Airbnb for a popular condo, Centric Sea.  Rentals for a 1 bedroom  ranged from around 691 baht a day to around 1500 baht a day.  Most seemed to be in the 1000 baht range.  

    If you take 1000 baht as an average, even if it is rented every single day--doubtful--you would just be bringing in 30,000 baht gross.  Subtract from that the monthly condo maintenance fee, monthly electric and water charges, damages and theft, condo cleaning and laundry charges, and staff salary if you have someone check in and out the illegal renters.  What does that leave you?  Not much--especially if you're the guy only charging 691 baht.  

     

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11 minutes ago, newnative said:

     Except, where's the 'good income' if you just have one condo you are renting out illegally on a daily basis?  I just checked Airbnb for a popular condo, Centric Sea.  Rentals for a 1 bedroom  ranged from around 691 baht a day to around 1500 baht a day.  Most seemed to be in the 1000 baht range.  

    If you take 1000 baht as an average, even if it is rented every single day--doubtful--you would just be bringing in 30,000 baht gross.  Subtract from that the monthly condo maintenance fee, monthly electric and water charges, damages and theft, condo cleaning and laundry charges, and staff salary if you have someone check in and out the illegal renters.  What does that leave you?  Not much--especially if you're the guy only charging 691 baht.  

     

True indeed not big money and i don’t  advice people to do it but i dont mind or care if they do..i guess these owners already experienced that they got no chance for long term tenants that market close to dead now so airbnb atleast makes something.

Edited by Destiny1990
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3 minutes ago, Destiny1990 said:

Yeah exactly Its an open market nowadays  airbnb grap uber dont begin whining about it because Internet is not going to stop..

Sure is providing everyone pays their fair share of the taxes and abides by the rules.

 

Uber/Grab for example. All taxis in Thailand must be 1600cc or over.  Someone who uses either service can tell me if their vehicles were? All Taxis/limousines are licensed  as such etc, etc. Even have different coloured licence plates. So yes it is a free market but one cannot conveniently flout the existing rules and hope to get away with it.

As long as Private hire drivers are licensed etc should be OK and declare their income etc.   

 

AirBnB. Sure register the guests according to the rules, pay some taxes like guest houses then everything is OK. Individual condo management committees can determine if they want short term residents. 

 

Et, etc. Internet is great but it is not a licence to flout the rules. Having a smart phone does not mean one can do as one pleases.

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42 minutes ago, newnative said:

     Except, where's the 'good income' if you just have one condo you are renting out illegally on a daily basis?  I just checked Airbnb for a popular condo, Centric Sea.  Rentals for a 1 bedroom  ranged from around 691 baht a day to around 1500 baht a day.  Most seemed to be in the 1000 baht range.  

    If you take 1000 baht as an average, even if it is rented every single day--doubtful--you would just be bringing in 30,000 baht gross.  Subtract from that the monthly condo maintenance fee, monthly electric and water charges, damages and theft, condo cleaning and laundry charges, and staff salary if you have someone check in and out the illegal renters.  What does that leave you?  Not much--especially if you're the guy only charging 691 baht.  

     

Yes thats the reality of it,  I had a friend doing airbnb in phuket and gave it away as he worked out he made more money just doing normal long term rental. In the case of the condo you mentioned, it would probably rent for 20,000 a month LT with no expenses other than condo fees.

 

Friend in Phuket was doing airbnb for 1,000 a night and had bare minimum costs of 600 a night, Then massive electricity bills (8,000 a month) because the guests would run the airconn/lights 24 hours a day, doors open etc. A broken toilet seat or a lost TV remote and any profit was gone.

Edited by Peterw42
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7 minutes ago, Peterw42 said:

Yes thats the reality of it,  I had a friend doing airbnb in phuket and gave it away as he worked out he made more money just doing normal long term rental. In the case of the condo you mentioned, it would probably rent for 20,000 a month with no expenses other than condo fees.

How about those condo owners who cant find long term tenants?

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7 minutes ago, Destiny1990 said:

How about those condo owners who cant find long term tenants?

Yes, there is no guarantee of finding a long term tenant, but no guarantee of high occupancy doing airbnb. You only need to find a long-term tenant once every couple of years, and they pay there own electricity, internet, cable tv and do their own cleaning.

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7 minutes ago, newnative said:

     Except, where's the 'good income' if you just have one condo you are renting out illegally on a daily basis?  I just checked Airbnb for a popular condo, Centric Sea.  Rentals for a 1 bedroom  ranged from around 691 baht a day to around 1500 baht a day.  Most seemed to be in the 1000 baht range.  

    If you take 1000 baht as an average, even if it is rented every single day--doubtful--you would just be bringing in 30,000 baht gross.  Subtract from that the monthly condo maintenance fee, monthly electric and water charges, damages and theft, condo cleaning and laundry charges, and staff salary if you have someone check in and out the illegal renters.  What does that leave you?  Not much--especially if you're the guy only charging 691 baht.  

     

rent @1000/day/75%OCC                                                        22500

condo fee                                                                                      1500

elec/water/cable                                                                         9000

clean/laundry                                                                               5000

Airbnb com                                                                                   4000

                                                                                                      _______

net before taxes/bail bond/fines                                            3000/month

 

Never actually did the numbers, that's insane. No wonder dwellers are so bitter! Busting ass for a 1% return. even at 1500/day you make 9% but what a pain in the ass.                                                                                                

 

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     Except, where's the 'good income' if you just have one condo you are renting out illegally on a daily basis?  I just checked Airbnb for a popular condo, Centric Sea.  Rentals for a 1 bedroom  ranged from around 691 baht a day to around 1500 baht a day.  Most seemed to be in the 1000 baht range.  
    If you take 1000 baht as an average, even if it is rented every single day--doubtful--you would just be bringing in 30,000 baht gross.  Subtract from that the monthly condo maintenance fee, monthly electric and water charges, damages and theft, condo cleaning and laundry charges, and staff salary if you have someone check in and out the illegal renters.  What does that leave you?  Not much--especially if you're the guy only charging 691 baht.  
     
Exactly right.

For many it is really not worth it.

Rent it for 30 day minimum at a good price and you have no problems.

Very possible to earn a good annual income if you market it correctly.


Sent from my SM-G925F using Thailand Forum - Thaivisa mobile app

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Exactly right.

For many it is really not worth it.

Rent it for 30 day minimum at a good price and you have no problems.

Very possible to earn a good annual income if you market it correctly.


Sent from my SM-G925F using Thailand Forum - Thaivisa mobile app

And remember. Your guests do not have to stay 30 days. You are just allowed to lease for 30 days. If they stay 2 weeks it doesnt matter.
12 good priced bookings a year and you are fully occupied and making money legally.

Sent from my SM-G925F using Thailand Forum - Thaivisa mobile app

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