There’s an easy way to make money in Pattaya, or any popular tourist destination in Thailand. And it will give you one of the best possible returns for your investment. The only catch is, you need a home, a spare home. Earnings from short term holiday rentals is considerably higher than that of long term rentals, and potentially the source of a lucrative passive income.
There is an increasing demand for vacation rental properties in Pattaya. It’s true there are thousands of hotel rooms in Pattaya, but these days people are looking for alternative accommodation. One of the main reasons for that is Pattaya is becoming more family friendly, and despite the large number of family friendly hotels in Pattaya, alternative accommodation is often cheaper and more practical.
People are choosing alternative accommodation because they get more room for their money. Alternative accommodation is quite literally home from home. Perfect not only for families, but for groups, and for anyone seeking a little more privacy and freedom.
If you own a home, condo or apartment in a desirable location like Central Pattaya, Wongamat or Jomtien, so long as you advertise in the right place it could virtually sell itself.
Can You Really Make Money Letting Your Home
I don’t have a home to let, but I wish I did. My friend has a 5 bedroom villa which he rents out as a holiday home through Clickstay.com. He lets it out for a little over 100 pounds per day (5000+ baht). How I would love to have a passive income like that, I would never work again, and that would not bother me one bit.
Is it Easy to Rent Out Your Home as a Holiday Home
If you can take some decent photos, add a suitable description, and choose the right website to advertise your holiday home you can do it yourself relatively cheaply. There are a few points which you must consider first. Is your property eligible for rental, if you are leasing your property you must check your contract to make sure there are no clauses stating you cannot rent the property out. Do you have to pay tax in Thailand, again this is a point which you need to investigate. I suggest speaking to a lawyer first to discuss the legal matters.
Where to Advertise My Holiday Rental
Airbnb is the best known vacation rental site in the world, and they currently have around 300 vacation rentals listed in Pattaya.
Homeaway.com have over 1000 vacation rental properties listed in Pattaya, and also frequently offer attractive discount coupons.
Clickstay.com (formerly villarenters) is one the most popular internationally recognized villa rental brands.
Agoda.com is the most popular hotel booking site in Thailand, offering every kind of accommodation from hotels to private villas.