Things to be Aware of When Buying Property in Thailand!

Are you looking for a house for sale in Thailand? If yes, you have made an excellent decision to buy property there. Not only does the country enjoy a great tropical climate, the people there are very pleasant and there are many foreigners who have settled permanently there. There are many places where you can settle in Thailand but if you want the best of the best, you should be looking for a house for sale in Pattaya or a house for sale in Samui – they are both great places to live. That said, buying a house in Thailand requires some diligence – like in any other city, there are people who are out to con foreigners and you may fall prey to them.

The first thing you need to do is familiarize yourself with the process. You should begin by hiring a property lawyer to guide you through the process. You should know that the property market in Thailand is unregulated and because the sale process is complex you may end up losing money if you try and do things by yourself. In addition to hiring a registered lawyer you should also hire a real estate agent – they will help you locate the right property in either Pattaya or Samui and close the transaction for you.

Although a lawyer and a real estate agent are necessary, it doesn’t mean that you should leave everything in their hands. Find material online that explains the purchase of property in Thailand. When you have some knowledge it is easier to tell when things aren’t quite right. You can look up literature such as Thailand Real Estate Outlook, real Estate Terms in Thailand and Thai Real Estate FAQ’s. You should also find out if there are any potential pitfalls that you should look out for.

Buying a house in Thailand is different from buying a condo. With a condo, the process is easier because you can buy it in your own name. It doesn’t work that way with a house. Since you cannot buy it under your own name you need to register a company in Thailand that will then own the property. Although there are many types of businesses that you can set up, it is recommended that you set up a limited company. Make sure to look at the criteria that is required when setting up this kind of company. Cover every step – if you take short cuts you will be forced to go back to the beginning of the process. Your Thai lawyer should be able to help you set up your limited company.

Before you bug the house Pattaya or Samui make sure that your lawyer does a property search on it. Often, people who don’t do their due diligence end up buying from someone who isn’t that actual seller of the house. When the owner comes around he throws them out and they end up losing a lot of money. Your lawyer should also check whether there are any liens or mortgages against the property. Ask your real estate agent to bring around an assessor to make sure that the house is in good condition.

There are certain pitfalls that you should look out for. First, you are much better off buying a property that is already complete rather than one which is still in construction. There are many stalled development projects in Thailand and some have been that way for years. You may end up buying a property that will never be completed. Check the quality of workmanship and make sure that the developers followed all regulations – Thailand is prone to earthquakes and if a house is not built to standard even a small tremor can cause damage.

The other thing you want to look out for is sellers who ask for deposits. Many will tell people who are looking for a house for sale in Pattaya or a house for sale in Samui that they need to pay a deposit if they want the house held for them. This transaction usually doesn’t come with any paperwork and often, the seller can claim that he never received any money. Good sellers don’t ask for deposits; they wait for the one-time payment once the transaction is complete.

Finally, as someone who is looking for a house for sale in Thailand you should know that there are no government regulations in place for real estate transactions. This means that if anything goes wrong you don’t really have a recourse. It is up to you to watch every step of the transaction carefully. Also, watch out because realtors can charge very high fees.

Rubbish Removal – Facts and Recycling

Economically dealing with and removing rubbish.

Creating rubbish is the one issue which is always going to happen in everyday life. Every individual creates waste, much of which ends up in landfills. Families that recycle end up creating waste because of the fact that not all materials are recyclable. There are several things to understand about rubbish that most individuals aren’t aware of. Most people do not consider what happens with rubbish after it’s put into the bin. Here are the top three things that most folks don’t know about rubbish.

1. Energy saved from recycling beverage cans

Many people don’t realise the amount of energy conserved simply by recycling pop or soft drink cans. Recycling only one aluminium can ends up saving as much energy as could be created by half of that can filled with petrol, not to mention reducing waste. It would conserve energy equivalent to what could be created by over 300 million litres of petrol if each of these cans was recycled. This is enough energy to drive across Australia over 230,000 times in a non-energy efficient vehicle. Talk about a road trip!

2. Wasted products

The 4.6 million people in Sydney take good care when it comes to removal of their rubbish, but frequently the waste they’re getting rid of includes products that have been squandered. Local Sydney rubbish removal workers must see this on a daily basis. The average family wasted $1,226 worth of goods in 2004. These are goods that were purchased but never put to any use. That waste consisted mainly of food that went to waste. When you put into consideration the starving kids in Africa it looks like the talk that parents give their children at the dinner table doesn’t seem to be paying off.

3. Plastic bags

Plastic bags make up one of the biggest sectors of waste in Sydney. These plastic bags comprise of non-renewable resources but they can be recycled. This would be enough to power a car across the whole continent over one-hundred and twelve thousand times. No reason to not visit the in-laws anymore.

Waste removal is significant in Australia. There are certain items that cannot be recycled but all substances that can be should be. Local workers can take recyclables and make sure they are processed right, lowering the carbon footprint in Sydney.


Bookkeeping and Accounting Defined

All businesses require financial management. Accounting will help any business identify its current cash flow status and if the business is getting its ROI. However some businessmen gets confused whether they need to hire a bookkeeper or an accountant.

It is indeed important that you know the difference between accounting and bookkeeping to business_bookkeepinghelp you understand whom you need to hire.

In general, both processes share the same goals – of course and that is to help you identify your financial foundation and come up with reports and input that can establish financial indicators that will help you grow your business. However, they both are involved in different phases of the financial process.


This is a little simpler than accounting. The process of recording the day-to-day transactions which can be done daily or weekly as long as it’s on a regular interval. This involves the following processes:


  • Cash Flow Recording or Records of Debits and Credits
  • Financial transaction recording
  • Payroll
  • Invoicing

One of the main components of this job is maintaining a general ledger. This ledger is a record of all sales and expense receipts. Nowadays ledger can be done using customized software, or a special spreadsheet. As the name entails “keeper” the bookkeeper is indeed the custodian of your business financial transactions.


Now, accounting is an even higher-level financial process. Basically, accountants make use of the information provided by the bookkeeper. In most cases, the processes involved are more subjective and transactional.

Accounting can be composed of:


  • binders-files-small2-2ywbg58fmolnnszaq4fk74Analysis of Operational Cost
  • Tax Return Processing
  • Financial Statement Reporting
  • Adjustment of Entries when necessary
  • Act as a financial adviser to the business owner when necessary

An accountant may also become the focal point on reporting, industry evaluation and techniques, and almost certainly advice on financial matters. In a nutshell, accounting puts all reports together and builds a report based on the financial indicators.


Sometimes a bookkeeper and accountant work in tandem, with the bookkeeper operating as a “feet on the ground”, promoting an improved relationship between an accountant and an industry proprietor.

In most cases, big companies hire only licensed accountants. Some companies deal with accounting graduates regardless if they are licensed or not.

In general, an accountant can do both bookkeeping and accounting. So if the business is not big enough hiring one person to do all these work can be a good decision.

Meanwhile, for smaller companies – a bookkeeper is enough. Bookkeepers are more commonly less expensive than accountants, which make them a good option for an enterprise that needs day-to-day abilities.

For corporations, hiring an accounting firm is the best choice. It saves them the hassle of managing the financial recording and reporting so they can focus more on growing their business.


Bottom Line


Your decision will vary depending on the scale and needs of your business. If you think you’ve got a lot of financial transactions to deal with and major financial processes to manage – hiring an accountant who can also provide valuable financial input is a wise choice. But again, if you are just starting up and maintaining a small business, you can hire a bookkeeper for the meantime and just make use of her knowledge and skills in doing financial recording.


Every business requires financial management. You need to understand this process in order for you to succeed in this industry. Carefully consider your options and weigh them wisely. Study the process so you are still aware of the financial cycle even if you delegate this job to others. Stay focused and never stop learning.