Looking to rent a property in Bangkok can be tricky when you don't know where to start. We have all been there, from searching through hundreds and thousands of listings to ending up being overwhelmed by the sheer endless stream of information, and eventually falling back to square one again. Below are some of the issues you may face and how you can easily master your quest for a new home!

Unrealistic listings and false prices

Raise your hand if you have ever been mesmerized by beautiful pictures of a condo in Bangkok and cannot wait to see it in real life, only to feel disappointed later because it looks nothing like what you saw online.

Or finding out later that you could not get the price you were told since there are tons of hidden costs. We feel your pain, overly retouched to even fake listings can leave you discouraged or afraid to continue.

A trusted real estate agent like PropertyScout will only publish authentic and original listings. What you see online is what you will be able to experience in real life, full transparency and no hidden costs!

Lack of Information

The times have changed and everything can be achieved online. Whether you're looking to rent a townhouse or simply searching where to stay in Thailand, you will be flooded with loads of information. However, many agents seem to miss out on the most crucial point in selling. Simply describing a 45sqm one-bedroom condo in Thonglor in 200 words will not do the trick! 3D virtual tours, 3D floor plan, and videos can boost your credibility and give your audience a better perception of your property.

Risk of losing your deposit unfairly

Here comes another drawback of rentals in Bangkok, fear of losing all or part of your deposit. If you are an expat looking for a condo and having difficulty agreeing with your landlord, whether it's the language barrier or nuances in communication across cultures, you may find yourself struggling in this process. To avoid this issue and ensure our tenants' confidence, deposit and payment will be handled by 3rd parties to reduce counterparty risk. At PropertyScout, you can rest assured your deposit will be handled professionally by a highly trained team of property consultants.

Unprofessional landlords or agents

Believe it or not, it can take up to 48-72 hours for a landlord to reply or even notice they got a message from their tenant. Not that it's not their priority, but simply because it is not their profession to handle such transactions on their own. That being said, dealing with unprofessional agents or landlords can leave you weary after time. 

In Thailand, property consultant agents do not need a license or certification to provide service. Therefore, there's a high chance you may stumble upon an untrained or unprofessional agent. 

In our company, we believe in providing clients with the best possible service. Any agents we let through our door are highly trained and will be able to respond punctually to your request or grievance. PropertyScout is known for providing the fastest response rate based on the best available information, putting ourselves in the renter's shoes and always trying to address any issues promptly is our focus.

Lack of rentals for less than 6 months

While there are plenty of good reasons to sign a long-term rental, from more stability to discounted fees, this wouldn't be the case if your career and life are in flux. Imagine you get a new job and have to relocate but you are 8 months into that contract, or you want to move in with your partner who lives in Sathorn but your apartment is in Ari, or you've recently welcomed a new member in the family and need to find a larger space? Suddenly, you're stuck in your rental longer than you'd like to be.

Short-term rental offers you more flexibility and freedom to move around easier, making it less stressful for both tenants and landlords. Another good reason is the option to cut back on your housing costs during its term. If you feel like you're paying too much rent for comfort, at that point, you can scale back on other expenses temporarily to ride out your contract's term, and then find a cheaper home once your contract expires.

The bottom line of rentals in Bangkok

If you are looking for a condo or a house to rent, keep in mind that the circumstances can change, and you may need/want to move out from your rental property. Searching for a professional team of property consultants is essential to finding your happy home. Short-term rental may be a better start, since you can always extend your rental, or even find a better deal to rent. But if you are well settled in the city, it is best to secure a long-term agreement. A professional real estate agent helps you find a room quickly, they know the area and they work within your budget and needs. 

How do you provide a successful stay for your tenants and learn more from the tenants' perspective and experience? This list combines simple ways to keep both sides happy. 

Permission To Rent Out The Property

If you have a standard residential mortgage on the property, you will need consent from your lender. If you're renting out your property temporarily, your mortgage company may give you consent to rent. So before you go ahead and decide to be a landlord, make sure you get this sorted before you let any tenants move in.

Get to know your tenants

References will come in handy in this process, such as employment information, previous landlord references, etc. Most importantly, go with your instincts. Both parties should be sure and comfortable before the agreement is made.

Be Aware of the Risks

From the tenancy agreement to making sure your tenants clearly understand their responsibilities. The customary would include deposit, paying the rent on time, no noise, and any other house rules. The smart way to do this is asking for insurance, as you never know what could happen. 

Things could go wrong, repairs may need to be made, or matters outside of the landlord’s control could occur (i.e. inevitable accidents, like flooding), and that's why it's important to always consider the insurance you have in place. 

Safe Rental Space

This means the functionality of appliances, electrical systems, and gas equipment. All of these items should have regular safety checks. Landlords are required to install a smoke alarm on every floor where there's a room being used for living space, while a carbon monoxide detector must be installed in every room where there's a solid fuel-burning appliance. You also must make sure:

1. the electrical system is safe, for example, sockets and light fittings.
2. all appliances you supply are safe, for example, cookers and kettles.

Safety is vital. Landlords must keep their tenants safe, and a failure to do so could lead to more problems down the lane. 

Inventory List

Carrying out an inventory check before and after means you can make sure everything is accounted for. It also lessens the chances of a deposit dispute further down the line. 

Take time to make an inventory list. Not just for the furnishing and amenities, but the overall condition of the place. Adding pictures of the items to your inventory list will end up helping you out a lot. 

Your place should be Renter-Ready

Make sure your place is clean, properly furnished, and equipped. Most importantly, it is safe to move in. Wi-Fi, Internet, and cable should work properly. The kitchen is equipped with functional and practical appliances and doesn't forget to leave instructions for all appliances with each appliance. Make sure all relevant equipment is labeled correctly. Lastly, don’t forget to make a copy of the key for both your tenants and for yourself!

There you have it, some of the things you need to take into consideration before renting out your property. It is wise to get in touch with a professional rental property consultant before making any decisions.

Contact us today to speak to an experienced team of rental property consultants or if there’s anything you’re not sure about, let our experienced property consultant do the work for you!

We called it a ''2 plus 1'' payment. As in, one month in advance for rental fees and two months as a security deposit. You will get the deposit back at the end of your contracts (fully return if no damages)

We will issue an invoice asking for a Booking Deposit and recheck rightful ownership for you.

The amenities list in your building should be provided along with the contract signed prior to moving in; however, you can always check with the juristic person of your building.

The electricity rate can be divided into two different types

1. Government Rate
2. Building Rate - this depends on the amount your building has set. It usually varies from 5 baht per unit to 8 baht per unit 

Contact your building juristic, your landlord and get in touch with our Property Management team.

The Area

Phra khanong is a quaint chilled residential neighborhood with a true sense of home as you stroll through the alleys.

You will get an abundance of energy through the locals' homely senses of truly living their best happy lives. If you need a true sense of life while exploring Bangkok, take a walk through the streets of Phra khanong and soak up the vibrant atmosphere of the locals. A strong mix of Thai locals and westerners living in the area, creating a diverse contemporary vibe of living. Immersing yourself in the rich culture and honor of family that you experience as you take a walk through the area, will leave you with an enriched and grateful feeling. 

Phra Khanong canal creates a peaceful and scenic aura, with an option to commute by boat everyday. A long-tailed boat serves the community of Phra Khanong daily, providing a commute to their daily lives. A market is located along the route of the canal, which contrasts the old and the new, enabling both to co-exist. Culture mixing with the new modern ways of life. This adds an unbelievable element to the area. 

A place where cultures meet and a nice balance between urban and suburban, with a combination of convenient travel and good value residential properties leaves it as a hotspot for working professionals also. 

A deeply ingrained aspect of why it is a prime area for any profile, is the energy it exudes both day and night, immersing yourself in Thai culture. 

Structure

Home to a wide variety of condos to suit individuals of all profiles, from a low range of prices to a more premium offer, for a unique range of interior tastes. 

Phra Khanong is an ideal home base for exploring the wider Bangkok, with a creative, contemporary, and colorful list of high standard hotels to choose between. A list including The Avani Sukhumvit Bangkok, Cross Vibe Bangkok Sukhumvit, K.V Mansion locally and a long list of beautiful hotels in close proximity to the Phra Khanong BTS station namely Jasmine Grande Residence, Jasmine Resort Bangkok & Oakwood Suites Bangkok, all with a 5 star review. 

Parks are complex elements to any area. Phra Khanong is surrounded by some of the most beautiful parks Bangkok has to offer. King Rama IX Park, a remarkably large green space with some captivating added bonuses that is a perfect place to regroup and embrace the beauty. Striking the perfect balance between day time activities and evening vibes to be enjoyed.

BTS Station; Phra Khanong 

The Lifestyle

Phra Khanong, an area that is a perfect place to live. The awe-inspiring energy creates one of Bangkok's nicest neighborhoods filled with many unique elements. 

Any exploration of Phra Khanong should be experienced whether you plan to reside or just visit for a period of time. The uniting blend of new and old adds a must experience element. The impressive atmosphere and homely energy creates one of Bangkok's nicest neighborhoods. 

A perfect place for working professionals, expats, backpackers, or general tourists looking to soak up the energy and culture that the Thai locals ooze as you stroll through what it has to offer. 

An area for foodies, culture seekers, bar lovers, with a diverse range of daytime & nightlife activities experiencing a true slice of Thai culture. 

Accessibility 

The most accessible way to tour around the big city is the BTS, having the option to hop on and off as you please while taking inspiration from the journey.

Phra Khanong is a popular hotspot location as you can conveniently connect to central Bangkok within 15 minutes using the BTS.  Phra Khanong station is the BTS station on the Sukhumvit line between Khlong Toei and Watthana Districts, Bangkok, Thailand. Easy accessible transport entices young working professionals to locate in the Phra Khanong area. 

Phra Khanong is along the canal, giving an option to commute by boat daily. This doesn’t only add the element of escaping the commotion that comes with traffic, but enables you to add an element of beauty to your journey. 

The use of the local bus transportation is a way to cheaply get around the city for a very cheap price. Most local buses run between 5am to 11 pm with a regular schedule in most areas. 

Daily Needs

For the fitness enthusiast, you will not be short of a mixed range of options to guarantee you get your daily endorphins. An endless list of gyms namely Muscle Factory Bangkok, Fitness life, Fitz Boxing Gym… fits suit for bodybuilders, powerlifters, boxers or anyone who loves the effect of an endorphin rushing workout. Ease yourself into the day with an exploration of a fitness regime of your choice across a list of gyms. Downloading the app Classpass will enable you to try some of these options at a more flexible approach. Why not explore the fitness world Phra Khanong has to offer by jumping in and out of a variety of different classes at your own convenience and level. 

This location has close access to all essential medical centers & emergency solutions, all at a convenient distance; Theptarin Hospital &  kluaynamthai being two examples of close by hospitals. There’s no need to feel fear or doubt in the event of an emergency. 

If you are looking for a good quality, hygienic dental clinic locally, Dental Hospital Bangkok is in the Phra Khanong area which is renowned to provide you with the best smile and keep your teeth away from problems. Located on Sukhumvit 77, accessible through Phra Khanong BTS station.

The sheer variety of shopping options will leave you exhilarated and satisfied with the bargains you will be faced with. Top 3 shopping malls accessible in the region of Phra Khanong include Jim Thompson Factory Soi 93 Outlet, 101 True Digital Park, Century The Movie Plaza Sukhumvit. A great shopping experience in each of them & be sure to haggle for bargains ! Although you are spoilt for options in the local area, some of Bangkok's leading shopping malls are in very close distance by BTS Phra Khanong station, namely Siam, Bangkok's prime shopping district, only a 13 minutes BTS journey to the hustle and bustle.

The canal adds a must see element to this area. A lovely, picturesque & relaxing boat ride that streams through temples, mosques & a Chinese shrine. Another element of the diverse visions of the contrast between new condominiums to old houses with a beautiful story to tell. A recommendation to experience a journey up the Phra Khanong canal regardless of where you are located. 

If you are a coffee lover, you know that finding your morning fix is essential to your daily routine. Phra Khanong is a supreme area to get your daily dose of caffeine, amongst a joyful community spirit. A list beginning with Rabbito cafe, a must see animal friendly, is a favorite spot, offering you incredible coffee alongside a heartfelt experience. Nourish Cafe, Amatissimo Caffe & Magpie Bkk to offer excellent food & incredible experiences. 

There is no surprise that Phra Khanong area has a diverse range of high quality options for foodies. From being able to try new and unusual foods of Thai culture to gourmet cuisine you will be able to find a combination to suit all your cravings. Also on offer are the many outlets being able to buy any food of choice. You will not be unsatisfied ! 

An area that you can have nightlife on a budget, or edge to more of a boujee evening enjoying the rooftop experience and beautiful views. With many unique spots and hidden gems, surrounding the BTS Phra Khanong, you will not be short of a vibe of choice. All within a couple of minutes from each other, creating a togetherness atmosphere of good vibes and community. From tiny craft beer options to rooftop bars, Phra Khanong will be a perfect place to reside for a nice cold one. 

Distinguishing features

Perhaps Bangkok’s most iconic homely feel can be experienced through the area of Phra Khanong. There is no better way to experience Bangkok’s rich classical heritage than by boat through the canal, experiencing a calmer side to the city.  It’s easy to find your own slice of paradise with opportunities to guide through the undeniable beauty this area immerses you in. 

Bangkok's rich traditions can be best seen at the markets throughout this area. Thai markets are often the best places to pick up traditional gifts, bargains & essential items. Phra Khanong market is a prime spot to browse through absorbing the manic energy it has to offer. A popular spot for westerners with a combination of locals, oozing a fascinating atmosphere. 

Lovers of the great outdoors have an array of parks with no shortage of picture opportunities. 

With the pristine ambience the Phra Khanong area exudes, for potential residence, backpackers, or general tourists, there are endless reasons to love this neighborhood. 

MOR (Minimum Overdraft Rate) paid by commercial banks from major customers with a good financial history and overdrafts account.Therefore, banks need to increase their lending considerations.

The MOR is classified as a floating rate refers to an interest rate that varies according to the cost of the financial institution, which is informed by the financial institution in cycle.

MOR (Minimum Retail Rate) of Thailand Commercial Banks in June 2022

Comparison table for each type of Interest Rate

Read more for the Article relate to MRR and MLR