Useful Owner InfoWhat's the Best Location for Buying a Rental Property?
Whats the best location type for buying a rental property?
The best location is the location that will give you best return on investment: but how do you determine that? On Koh Lanta we’ve determined 3 main location types for rental properties:
CLOSE TO THE BEACH (max 1km to the beach)
INLAND (more than 1km to the beach)
Take a look at the pros and cons of each below:
CLOSE TO THE BEACH – Pros
Medium purchase price
Medium – high rental value
CLOSE TO THE BEACH – Cons
BEACHFRONT – Pros
High rental value
BEACHFRONT – Cons
High purchase price
High maintenance cost
INLAND – Pros
Lower purchase price
INLAND – Cons
Lower rental price
How we got this information
Since 2010, we’ve been managing rental properties in all these 3 categories. And we’ve found that the best return on investments are for non beachfront properties less than 1km to the nearest beach
The combination of medium purchase price, medium-high rental rate and high occupancy has seen the best return on investments (compared to beachfront or inland properties).
For more information and case studies please contact us