What are the additional fees for property management, such as through an agency?

Property management fees in Thailand vary depending on property type and service scope. Typical fees include:

• Property Management Fees:
  • Condominiums: Typically 5-10% of monthly rental income. Higher standards (e.g., luxury apartments) may incur higher fees.
  • Private Homes: Fees range from 10-20% of monthly rental income.
• Tenant Placement Fees:
  • Agencies often charge 50-100% of the first month’s rent for tenant placement, depending on the property value and lease term.
• Advertising and Promotion Fees:
  • Agencies may charge extra for professional photos, online ads, or local media listings.
• VAT:
  • Thailand’s VAT is 7% on some services, including property management.