AirBnB has become a household name in Cambodia since its launch in the early 2010s. Homeowners and property investors alike have seen the massive opportunity to increase their income by renting out their space or property that they’re not using. This short-term accommodation for guests and travelers is an independent community that has settled in over 150 countries and has opened more than 12.7 million listings for spaces and homes.
If you are thinking of becoming an AirBnB host in Cambodia, there are some factors you need to consider before diving in. In this article, we will guide you through the process of getting started in AirBnB and how it operates.
Factors to Consider Before Becoming an AirBnB Host
Location and Property Type
The location and type of property you own or invest in are crucial to attracting the right market. Consider the interests of your target clients, whether they are on a business trip in Phnom Penh or on vacation in Siem Reap. Ensure your property is in a desirable location and has the right amenities.
Regulations and Restrictions
Before preparing your property or space to accommodate potential guests, you need to confirm if putting your place for rent is possible. Check with your Homeowners Association (HOA) if there are limitations, or if they restrict it. If you rent, check your lease or contact your agent if it’s possible to sublet or lease out an extra room.
Safety and Security Measures
- Install smoke detectors and carbon monoxide detectors: These detectors can help to warn you of potential fires or carbon monoxide poisoning.
- Provide emergency contact information: Give your guests your emergency contact information so they can reach you in an emergency.
- Secure the property: Make sure it is secure by locking the doors and windows when you’re not in it.
- Screen guests: Before you accept a booking, be sure to screen your guests. This means checking their reviews and asking them for references.
- Communicate with guests: Be sure to communicate with your guests throughout their stay. This will help build trust and ensure they feel safe and comfortable.
- Be aware of your surroundings: When you’re out and about in Cambodia, be sure to be aware of your surroundings. This means staying in well-lit areas and avoiding walking alone at night.
How to Get Started in AirBnB
Determine the Price
Determine the price of your property by considering facilities, features, and location. Research the prices of other AirBnB listings with similar features and in the same area as you. The AirBnB host fee is 3% of the booking’s subtotal and could be higher if you are an AirBnB Plus host.
List Your Space
Listing your space for rent is easy, but describing your property and what makes it different from others is something you need to pore over before putting it up there. Highlight the features of your home but don’t exaggerate. Ensure you take clear and great photos of it from most angles so your potential clients can see it.
Find a Co-host
Hosting an AirBnB takes a lot of work, especially if you have numerous properties. Consider hiring some help or getting a co-host that can do half the tasks with you. These tasks include communicating with guests before and during their stay regarding requests, concerns, or even repairs and urgent issues that requires personal attention. Half of these tasks can be handled by your co-host or by hiring a property manager.
Don’t Have a Property? Set Up AirBnB Experiences!
If you are someone who knows your local area well and can offer memorable experiences, this is something you can try! Offering activities that can’t be found anywhere else, like cave diving or a caricature class that can help guests and tourist experience better. Find an activity that you can offer and list it on AirBnB Experience now!
Becoming an AirBnB host in Cambodia can be a lucrative business if you invest in the right property and follow the right steps. Ensure you consider the factors mentioned above and take the necessary steps to prepare your property for guests.
Doing location research for your AirBnB business? Check out our area guides to see the most popular districts in Phnom Penh and Siem Reap.
Frequently Asked Questions
Are any permits and licenses required to become an Airbnb host in Cambodia?
- No specific permits or licenses are required to become an Airbnb host in Cambodia. However, you should check with your local authorities to see if any zoning or other regulations apply to short-term rentals in your area.
Are there any tax implications for Airbnb business hosts in Cambodia?
- There are some tax implications for short-term rentals in Cambodia. You must pay income tax on any profits you make from renting your property. You may also be required to pay a value-added tax (VAT) on the rental price.
What are the things to consider before becoming an Airbnb host?
- Insurance – to cover the property damage by guests, liability – to be held liable for injuries or accidents that may occur on the property while being rented out, and other rules and regulations while renting the property need to be considered before becoming an Airbnb host in Cambodia.