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 in Cambodia 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.
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.
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.
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.
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.
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.
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.
Are any permits and licenses required to become an Airbnb host in Cambodia?
Are there any tax implications for Airbnb business hosts in Cambodia?
What are the things to consider before becoming an Airbnb host?
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Claims of achieving a sustainable 15% annual return through Airbnb are generally unrealistic in today’s market conditions. Most professionally managed Airbnb units achieve approximately 4% to 6% net annual yield.
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Owning a rental property in Cambodia can be rewarding. Managing it from another country, however, is a different job entirely.
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Managing a rental property in Cambodia involves much more than simply finding a tenant. From marketing and lease agreements to maintenance coordination and rent collection, professional property management plays a key role in protecting your investment and maximizing returns.
I would like to use my property in cambodia for airbnb.i m from malaysia, will be visiting there around Oct. Kindly assist.
Excellent article. You clearly know the topic, and your website is very reader-friendly.
Thanks for the comment, Justice. If you have any inquries, feel free to submit them here: https://ips-cambodia.com/contact-us/
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