Security Deposits for Property Rentals
Security Deposits for Property Rentals in Thailand
If you’re planning to move or rent a new place soon, chances are, you’re likely concerned…Read More
There are many advantages to living in a rented home. Renting a property eliminates the hassle and worries involved with owning property, such as having to pay property taxes or mortgage loan installments. Perhaps one of the best benefits is that renters can relax knowing that their landlords will generally handle most of the home maintenance, which is one of the biggest pains of being a homeowner.
However, there are several pitfalls of renting a home or property rental for tenants as well. Not only does renting cost more than owning your own home in the long run, but the process of home-finding or condo-hunting can also be very stressful, not just for renters, but also for landlords and rental agents too. Although there are countless pains that renters can come across while trying to find a great home for rent, we decided to make a list of some of the most common pitfalls that our customers often encounter.
When renting a property, having a reliable landlord is something all tenants should be concerned about. Part of the benefit of renting is not having to worry about strict regulations, or finding service technicians to repair a water leak or air conditioner, which are responsibilities of the homeowner or landlord–with exception to routine cleaning or normal wear and tear although many serviced apartments take care of the cleaning.
As a tenant, it’s important to know that your landlord is available when you need him or her, or that they’ve at least provided you with contact information of a juristic or rental agent that’s managing the unit for them. Flexstay Rentals offers property management for many of the rental units we offer, so you can rest assured our customer success team is always available when you need us.
As all renters know, security deposit payments are not a small chunk of pocket change. Most renters often rely on the refund or return of their security deposit in order to use it for the security deposit needed to rent and move into their next new home. When it comes time to move out of your rented home, there’s nothing worse than a landlord unfairly deducting fees or expenses from the deposit, leaving you with only a partial refund or even worse, nothing at all.
Some property owners and agents are now offering other security deposit options for renters in order to mitigate conflicts between tenants and homeowners. Alternative security options may include zero deposit insurance and escrow security deposit, both of which Flexstay Rentals offers for many of our property listings.
Like any other industry that involves clients or customers, friendly and professional customer service or support is something every rental agent or agency should offer. Unfortunately, this isn’t always the case. As agents typically work off commissions, many can be scrupulous or unprofessional while helping renters find or look for new home rentals. This is why it’s important to choose an agent or agency that is friendly and supportive before you’ve even expressed interest in renting a specific unit. Try sending a general inquiry by email or instant message, and if the agent replies promptly in a friendly manner, then you can likely count on them to remain professional even after you’ve moved into your new home rental.
Terrible traffic and unbearable heat in Bangkok can make the process of traveling to and from property viewings an unpleasant experience. Through expert advice from a professional agent or high-quality photos, accurate content, detailed property descriptions, as well as 3D virtual tours and 3D floor plans, renters can minimize the number of property viewings before finding one that they can finally decide upon.
Gone are the days when tenants had to go and look at a dozen homes, only to discover that the photos they viewed online do not look anything close to the real-life property in viewing. As a helpful tip, when considering a certain condo or apartment complex, try to visit the building on a weekend with or without your rental agent. Most tenants are home on weekends, so you can better determine noise levels, nearby street traffic, as well as people traffic when it comes to the use of public facilities and amenities.
Looking online for a new home is the first place renters go in order to search for properties available that fit their requirements. One of the biggest pains while searching for real estate rental sites is insufficient inventory. If you’re looking for a great home in a specific area, you want to be able to choose from a variety of great homes in different buildings or projects. If an agent has only a few listings or none at all, there’s a good chance they’ll try and show you properties that don’t fit your requirements. This is not only a waste of your time, but it can also be a waste of your money (travel expenses for viewing, phone calls, etc.)
Many property portals may even post fake listings or prices just to lure you in, so they can sell you on a home that you don’t really want by convincing you that it’s a great deal or that there’s nothing else available for the price or location that you’re looking to rent. Keep in mind that if it seems like too good of a deal, then it probably is.
The real estate market is a competitive industry and choosing a reputable rental agency can help save you time, money, and most importantly, hassles and worries. Contact our professional real estate agents today, and let us help you find and move into your next dream home in Bangkok.
We have one of the largest numbers of rental units available, and we pride ourselves on having accurate content and friendly customer support. Our extra services like deposit and payment handling, as well as competitive rates for one to 12-month rentals, help to ensure that you have a positive experience and avoid the pitfalls of renting a property or home in Bangkok.