Hostmaker adds to crowded rental sector

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A new property company, Hostmaker, which claims it will serve a growing demand for high-end, vetted, rental accommodation has launched in Bangkok.

Despite its claims Hostmaker will not be the first company to offer these services to potential tenants in Bangkok.

Several real estate agencies already provide this service to their clients.

In what appears to be a move to avoid the need for landlords to obtain licenses for short-terms rentals, the company said it is aiming at the medium-and long-term market.

Nakul Sharma, the Chef Executive of the company, said Stayy will allow visitors and expats to search for accommodation on a flexible contract, with the assurance that all properties are legal and have been vetted by Hostmaker experts.

He said: “Local market regulations around short-term lets provides us with the perfect environment for our brand-new, medium-to -ong term lettings platform, and we’re excited to be debuting Stayy in Bangkok.”

The question much be, do tenants really want to be tied to a long-term rental contact?

Established in London during 2014, Hostmaker claims to have hosted more than 250,000 guests. Since launching in Bangkok during September, Hostmaker has added more 50 properties to its Thai portfolio.

Enquiries by ThailandProperty.News would also seem to indicate prices are well above those available from other sources, and especially dealing direct with trusted landlords.

“Fully compliant with local regulations, Hostmaker vets all properties and only leases them for a minimum of 30 days,” Sharma said.

“It is currently difficult for visitors to Bangkok to find a legal property to rent for a month upwards, so Hostmaker has created Stayy: a platform that enables users to book home rentals with assurances of personal service, flexibility and security with just one click.

Sharma said that however long guests are planning to stay, they won’t be tied to a strict contract.

Hostmaker is working with its key investor and Thailand property developer Sansiri, to identify key property opportunities in Bangkok, including The XXXIX, Hasu Haus, Keyne by Sansiri and The Monument Sanampao.

Perhaps this could also mean fewer rental units from Sansiri developments coming onto the market?

Andrew Batt
The author of this article is Andrew Batt, the founder and editor of Andrew has been writing about property and real estate issues in Thailand and Southeast Asia for more than 10 years. He has worked for PropertyGuru Group, DDproperty, Dot Property Group, Hipflat and AsiaRents. He has also produced content for leading Thailand property developers and real estate agencies.

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