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LT Condo Rentals - What discounts to expect

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well i did see a post about airbnb on islands being 50% cheaper.

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I guess part of the question is how you intend to pay.

If you want to pay a year in advance then I guess you can make some great deal.

 

But if you want to pay monthly and then maybe (in theory from the land lord point of view) you don't pay anymore then the landlord has maybe a problem to get rid of you in these difficult times.

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Not a smart landlord who increases the rent in this times. Perhaps his idea is that the renters he still has, have to pay for his empty condos too.

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Posted (edited)

Try offering 50% of what any owner asks and negotiate from there. Owners will be frothing at the mouth to get a tenant in these times.

Edited by bbi1
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I am not sure I would sign anything long term right now, even if one really was there on fully retirement, planned to stay forever etc.  While you may get some sort of discount rate, if other people do not rent the other condo units, maybe the condo owner will not be solvent and may close up shop.  While that may only mean you have to leave the condo, I would not want any piece of paper that says I owe money on a lease.

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A baiting post has been removed

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8 minutes ago, Leaver said:

I agree a wealthy Thai who own many properties would rather see his property empty than give it to a farang at half price, but what about a middle class Thai who took the risk on an investment property through a bank loan? 

 

In the current circumstances, I think they would be happy with any tenant and any money that helps pay the minimum repayment on the loan.  Depending on their deposit, they may have borrowed against the family home to get into the investment property, so without a tenant, and unable to make the repayment from salary alone, that means they stand to lose their investment property and their family home.  I'm sure they will welcome a tenant that keep foreclosure at bay.  

A wealthy landlord isn't likely to  be worried about foreclosure is he?

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11 minutes ago, Andy from Kent said:

A wealthy landlord isn't likely to  be worried about foreclosure is he?

Read my post again.

 

I said, "but what about a middle class Thai who took the risk on an investment property through a bank loan?"

 

I conceded a wealthy Thai would not care. 

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If landlord can (and many can) best to keep condos empty rather than rent out " half free" to foreigner and face potential tm 30 / sickness / overstay / covid -19 spreading etc problems what you may need to deal if it happens,,

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14 hours ago, steven100 said:

You seriously think a thai landlord will want to give you a 50% discount or even discuss one.

you are dreaming my friend.

I think you will be sadly mistaken, but good luck.

Thai's would rather see it empty than cut the rate. 

Agree.Ive been looking around for a condo (on behalf of a friend) in the Pattaya/Jomtien area lately and there are very few if any discounts to be had. In my experince as an tenant many condoe`s are owned by indivudals or companies that owns many condo`s already and as such can afford to leave than empty then drop the prices.

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16 hours ago, thaitero said:

If landlord can (and many can) best to keep condos empty rather than rent out " half free" to foreigner and face potential tm 30 / sickness / overstay / covid -19 spreading etc problems what you may need to deal if it happens,,

So, how long should they go without a tenant because their pricing is not competitive?

 

At what stage of a housing crisis would you say a "market correction" is taking place?  Or, do you think the Thai's will never allow a market correction, even with the likes of Vietnam next door? 

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