Being a Landlord in Thailand?

There's another angle on the condo business, which some expats use successfully ... and "quietly".

Buy a condo in an older building: 15-20 years old, but a premium building with large rooms and high ceilings.

Live in it yourself -- or pretend to live in it -- while you remodel:

new kitchen, new bathroom, new floors, new built-in lighting, etc.

Do the work to "Western" standards.

Then sell it to a new-comer expat.

And then buy another condo, perhaps in the same building, and do it again.

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Benefit to you is your profits are mostly out of sight of government tax collectors.

And out of sight of envious locals who might be tempted to "report" you for

making money in Thailand.

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Biggest problem will be finding competent tradesmen to do the work.

Competence is very, very rate in the construction trades in Thailand.

If you are handy with tools, doing the work yourself is best, by far.

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Another problem is the language gap.

They won't understand you and you won't understand them.

Best solution to that problem is to hire a local woman who understands English to act as your "foreman".

There are plenty of such women available here, who would love to have a job giving orders to the men who actually do the work.

I know one such woman in Chiang Mai, with several decades of experience, so if you are thinking about locating there, perhaps I can make a referral.