Justine Tondeur
December 5, 2025 · 4 min read
Property management is key to maximizing your returns. Here are 10 essential tips for success. If you’re still hesitating on the type of property to acquire, consult our villa or condo comparison guide for Phuket. And to choose the right zone, discover our guide to the best investment zones in Phuket.
1. Choose a Reliable Property Manager
A good manager can make the difference:
- Check references
- Compare rates (8-15% of income)
- Request a clear contract
- Verify insurance
2. Set the Right Prices
- Analyze market prices
- Adjust according to season
- Offer discounts for long-term
- Stay competitive
3. Regular Maintenance
- Budget 5-10% of income for maintenance
- Regular inspections
- Quick repairs
- Professional cleaning between tenants
4. Comprehensive Insurance
- Building insurance
- Liability insurance
- Loss of income insurance
- Theft and vandalism insurance
5. Clear Contracts
- Explicit rental conditions
- Security deposit (1-2 months)
- Cancellation policy
- Tenant responsibilities
6. Income Management
- Dedicated bank account
- Income and expense tracking
- Regular tax declaration
- Emergency reserve
7. Effective Marketing
- Professional photos
- Listings on multiple platforms
- Detailed description
- Quick response to inquiries
8. Tenant Selection
- Check references
- Request proof of income
- Contact previous landlords
- Trust your instinct
9. Problem Management
- Respond quickly to complaints
- Document all problems
- Resolve conflicts diplomatically
- Keep evidence
10. Continuous Improvement
- Analyze tenant feedback
- Improve amenities
- Stay up to date on trends
- Adapt your strategy
