Property Investment in Central Bangkok

Property investment in any capital city becomes highly lucrative, especially when the property location is in the heart of the city. Bangkok, the capital city of Thailand, is not an exception to this. Buying a property located at the city center of Bangkok is very good. It can ensure you a very good return at the time of selling the property. Choosing any property along the route from Siam Square to the Asoke junction is always worthwhile. This is probably the most costly and important area in Bangkok. This area is well-connected with various important parts of the city.

If you target a property to buy for living here permanently, you will get ample scope to enjoy almost all facilities and modern amenities which the city has to offer you. You can go for buying a property in this location when you have a higher budget. If you are seeking a property in Bangkok with a lower budget, you can target the city’s southern, northern and western districts.

This article will include only the property options in central Bangkok. I will write on the property options in southern, northern and western districts of Bangkok in my next few articles. Therefore, keep following the next articles to get an idea about the Bangkok real estate market.

Property Options in Central Bangkok

It is an undeniable fact that the property for living in Central Bangkok is comparatively low. The reason is a vast majority of the complexes are dedicated to commercial uses. Consequently, there is a shortage of residential properties. Therefore, if you look for a residential property to invest in this area, you need to search for a longer period of time. You will find no new Bangkok townhouses or vacant land allotted for town-house investment from the BTS stations to Siam Square till Ekamai (middle Sukhumvit. From BTS stations to Ekamai all way up, there are numerous commercial properties for doing business. Therefore, finding a module for opening a business is easier than having a residential flat in this area.

If you are looking for a flat in Central Bangkok, you can move to Chit Lom or Chidlom. This area is just one stop ahead of Siam square in the east. Although the proximity of central Bangkok has made the area costly, it is much lower than any location from Siam Square to the Asoke junction. Chidlom is basically a high-rise condominium. This skyscraper consists of two towers- Tower A and Tower B. it is a 24 story building having more than 597 units for comfortable living.

It includes almost all modern amenities within it like:

• Swimming pool

• Fitness center

• Green place

• Water body

• Arabic room

• Function room

• Game room

• City View

• Gym room

• Steam room

• Garden

• Covered parking

• Children’s room

• Playground

• Clubhouse

• Function room

• CCTV surveillance 24*7

• 24-Hour security

• Keycard entry

Try to invest here for the proper utilization of your money.

Top 5 Mistakes to Avoid When Selecting Intellectual Property (IP) Management Software

The investment made in Intellectual Property (IP) management software can work wonders in helping IP departments gain visibility, lower administrative costs, improve accuracy, and increase productivity. Unfortunately, a significant percentage of Intellectual Property management systems purchased are never fully implemented or don’t deliver the utility the customer hoped for.

Here are the five most common mistakes made when selecting Intellectual Property management software:

Mistake #5: Not Knowing What You Really Need in IP Management Software

Before diving right into choosing a solution, take the time to understand what you really need. For starters, determine whether you require a fully integrated Intellectual Property Asset Management software, Patent Docketing software,or IP Matter Management software.

Often, this depends on the issues you are trying to solve or the opportunities you are trying to capture, as well as the size and structure of your department. For example, if you don’t file many patent applications or trademarks, you should first get that data organized in a centralized repository. Your core team should be able to access and generate reports from them.

If your IP portfolio is getting large enough for you to manage, and you think that providing access to inventor community and law firms can reduce administrative costs, you should look at a robust Intellectual Property management system. This type of system will allow you to streamline your processes and improve productivity at a lower cost and with fewer resources.

Before diving into the selection process, ask “What are our top five needs?” If these key needs are not identified, it may be difficult to distinguish between vendors. Many vendors claim to do many things. The vendor’s strengths must match the company’s key needs.

Mistake #4: Not Recognizing the Uniqueness of Your Business

Every IP department is unique. Without configuration capabilities within the software, you are more susceptible to failure during software implementation.

While initial license and maintenance fees can sometimes appear lower, these hard coded solutions will often result in increased costs due to extensive customization requirements, upgrades, ongoing maintenance, and longer system deployment timeframes. Essentially, you may end up reducing and delaying your overall return on investment.

Avoid choosing a software that limits your team’s capabilities and your department’s growth. Your software should enhance your business, not hinder it.

By choosing an Intellectual Property management software solution that can adapt to your business processes, you will get better user acceptance, improved efficiencies, reduced costs, and faster ROI.

Mistake #3: Not including Key Users in the Selection Process

Surprisingly, many IP department still select computer systems without soliciting meaningful input from key users. At the beginning of your selection project, form a selection team with representatives from all affected teams such as patents, trademarks, docketing, licensing, compliance and billing. The active participation of key stakeholders will not only help ensure all bases are covered, it will also result in a better decision and fewer complaints after implementation.

If possible, you should also include a representative from your IT department. The IT Liaison can help you in identifying any issues related to deployment, data migration, integration and security.

Mistake #2: Evaluating Too Many Vendors:

Avoid vendors that offer a deal that is “too good to be true”. You may find yourself missing the essential tools you need to conduct your business after implementation. Many of these bargain systems also provide very rigid solutions, making it difficult for you to meet the unique needs of your inventors, patent committees, and law firms. Also, You may need to reinvest additional money toward upgrading, or in some cases replacing, your system later-thereby reducing or eliminating all together any savings that you might have originally experienced.

Choose no more than four vendors at the start of your search. If more than four are chosen, it often becomes difficult to remember who does what. If none of the first vendors will meet 80 percent of the key needs, dismiss these and begin investigating several more.

Mistake # 1: Not Investing in Intellectual Property Management Software for the Long-Term

When choosing Intellectual Property management software, be realistic about your expectations and perceptions of cost. You’re making an investment to improve or enhance your processes. So, while hard dollars spent are important, the key is choosing the right Intellectual Property management software. Choose the right partner who will provide you with a fast and effective implementation, high ROI (Return On Investment), and low TCO (Total Cost of Ownership) after implementation.

Use your intuition and good business judgment when comparing provider costs. Look for applications that support your ability to achieve your department’s long term primary strategic goals and work within your budget. Hasty decisions in favor of the lowest cost IP management software provider or solution now may leave you plagued later with hidden costs, and delay or eliminate any ROI for your business.

Several progressive legal departments have realized better and more predicable processes, improved productivity, and better control over law firms with Lecorpio’s IP management software. Lecorpio IP Asset management solution includes invention disclosure management, patent management (including docketing), trademark management, domain management, open source management, licensing management, contract management, standards management, IP transactions management, and spend management.

Is Becoming an Unclaimed Property Recovery Specialist Profitable?

The answer to this question is: it depends on which unclaimed property you are recovering. Some funds are great to work; others can be difficult for a number of reasons, and offer little in the way of profit to the money finder.

The more difficult funds to work are just about any funds held by the state (in the Unclaimed Funds Division/Department). These funds are generally things like forgotten bank account, uncashed refund checks, unpaid stock dividends, etc. They are generally for small amounts (under $1000). They are regulated by state law, which limits finder’s fee caps at 5-15%, and worst of all, they are very public. Most states have a website where anyone can type in their name and see if the state is holding any funds for them.

While this makes it easy for you to find funds, it also is easy for your competition to find them. Worse yet, when you alert the owner to the fact that they have missing money, all they have to do is go to that website and find out where it is for themselves – and pay you nothing. Obviously, to be profitable, you have to find a way to be able to keep your sources secret.

Forget those funds. The best funds for an unclaimed property recovery specialist to work are real estate created overages. These are funds arising from tax sale, and sheriff’s sale, as well as from some probate cases. They aren’t held at the state level, and so through this legal loophole you can charge 30-50%. And these are big funds. $10,000, $50,000 – even more, sometimes. You do the math.

These funds urgently need to be worked, because unlike most state funds, real estate overages escheat – that is, if no one claims them, after a short period of time, the government gets to keep them. So not only do you get the benefit of a nice income for yourself, but you get to save these owners – most of whom sorely need the money – from losing money they never even knew they had in the first place.

With more and more foreclosures happening monthly, there’s never been a more profitable time to become a unclaimed property recovery specialist. The government is holding literally billions of dollars in funds that will be lost permanently without the intervention of a money finder.

HOA Property Managers Take Advantage of Outsourcing

I just returned from a great trip visiting some wonderful HOA management companies in the South Eastern US. These companies have experienced explosive growth and have smart people leading their firms.

Unfortunately, all the growth and constant focus on superior customer service has left the executives of these firms exhausted as they continue to try and keep juggling the demands of running a ‘successful’ company.

The sad news is that I hear this story repeated again and again as I talk with management companies throughout our industry. You see in other industries a concept of specialization is the norm and companies quickly determine their ‘core competency’ and outsource the rest. This model is now a tried and true approach to efficient operations in nearly every Fortune 500 company.

These big successful Fortune 500 firms outsource things like human resources (e.g., Hewitt & Associates), payroll processing (e.g., ADP), entire IT operations (e.g., Accenture), even manufacturing. Not surprisingly, these firms analyze what they do that is really valuable and difficult for competitors to replicate, then they start outsourcing the rest!

Take Nike, a global brand with amazing brand awareness. Did you know that they don’t manufacture ANY of their shoes! How about American Express, they spotted having an IT department over a decade ago!

You see, when you are great at winning HOA management contracts and providing superior customer service, you need to dump the other work you do that isn’t helping you differentiate yourself.

Take HOA accounting. I have yet to see an HOA management firm that is great because of it has superior HOA accounting. In truth, it’s just accounting. Either you do it right or you don’t. No one can differentiate on this piece of the business.

If you can’t differentiate yourself from your competitors with accounting, then you need to ensure you 1) do it correctly and 2) do it at the lowest possible cost. You can trim costs by outsourcing.

If you’re successful in HOA management but haven’t started analyzing what really makes you great, I suggest you start doing so now (tip: ask your clients why the do business with you to get the answer!). Then, start outsourcing the rest.

The lower cost and less work will make you more profitable and give you more time to enjoy all your well deserved success!

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