Phnom Penh has become one of the most attractive cities for real estate investment in Cambodia. With its growing population, a strong flow of expats, and increasing demand for housing, many property owners are now turning to rentals as a way to generate steady income.
Whether you own a condo, apartment, villa, or shophouse, renting out your property can be a great long-term strategy, if done right. In this article, Realestate.com.kh will provide you with 7 simple ways on how to rent out your property faster!
1. Know your target audience
Before renting out your unit, it’s important to understand the local rental market. Take time to research average rental prices for similar properties in your area, and consider who your ideal tenants might be expats, students, young professionals, or families. Platforms like realestate.com.kh provide helpful insights by showing current listings, which can help you position your rental competitively.
2. Get your property ready
Once you’ve assessed the market, ensure that your property is ready for rental from a legal and practical standpoint. Essential documents include a copy of your soft title or hard title, identification (such as an ID card or passport), and a clear lease agreement.
If you're renting out more than one property or doing it as a business, you should also be registered with the General Department of Taxation. While it is not mandatory for all cases, having your lease agreement in both Khmer and English is strongly recommended to avoid misunderstandings.
Further reading: A Guide to Cambodia’s Tax on Rental Property
Preparing your property is also key to attracting tenants. Make sure the space is clean, well-maintained, and functional. Furnished units tend to rent faster, especially in central areas. Include basic appliances such as a refrigerator, washing machine, and air conditioning. If you're targeting expats or students, offering amenities like internet connection, management fee, parking space, swimming pool, or cable TV can boost your property’s popularity even further.
3. Set the right rental price
Setting the right rental price is critical. If the rent is too high, the unit may sit vacant. Too low, and you could lose out on potential income. Rental prices vary widely depending on the property’s location, condition, and features.
For instance, units in BKK1 will usually command higher prices than those in Toul Kork or Sen Sok. Getting advice from a local real estate agent can be valuable when determining a fair market rate. If you want to know how much a property usually worth in different districts of Phnom Penh, check out the Cambodia Condominium Report by realestate.com.kh rental market insight.
.png_9lxAEnZ.png)
4. Get help from a professional
Once your property is ready, it’s time to list it. Use trusted online platforms such as realestate.com.kh to showcase your unit to a wide audience. Make sure your listing includes clear photos, accurate descriptions, property size, rent price, number of bedrooms and bathrooms, nearby landmarks, and whether utilities or services are included. High-quality photos and honest details will increase your chances of getting serious inquiries.
You may also consider working with a real estate company or agents like realestate.com.kh. We can help market your property, conduct viewings, screen tenants, and prepare contracts. While this comes at a cost, it can save you time and ensure smoother transactions, especially if you live abroad or are unfamiliar with the local market.
5. Choosing the right tenant
Screening tenants carefully is essential. Ask for basic documents such as passports (with valid visa), work permits, or employment contracts. In most cases, landlords in Phnom Penh ask for a one-two month deposit (based on the contract period whether it's 6 or 12 months) and one-month advance rent. For added protection, consider creating a signed inventory checklist of the items and condition of the property at move-in.
Additional reading: 50 Must-Know FAQs for Real Estate Investors in Cambodia
6. Sign a clear lease agreements
A properly signed lease agreement is the most important point of a successful rental. It should clearly state the rental amount, duration, renewal terms, payment method, deposit conditions, and house rules. Make sure both you and your tenant keep a signed copy of the agreement, ideally in both Khmer and English.
If you’re earning consistent income from rentals, especially for multiple units or long-term leasing, consider declaring your rental income with Cambodia’s tax authorities. Rental income is generally taxed at 10% of gross revenue. To stay compliant, apply for a Tax Identification Number (TIN) and consult a local accountant or legal advisor.
Additional reading: A Guide to Cambodia’s Tax on Rental Property
7. Maintain a good relationship with your tenant
Finally, once your tenant has moved in, be responsive and keep the property in good condition. Timely maintenance and clear communication can encourage tenants to renew their lease, which reduces vacancy periods and helps maintain your property’s value over time.
Renting out your property in Phnom Penh can be a profitable and rewarding experience when done properly. By following the steps above, you can minimize risks, attract quality tenants, and enjoy a steady stream of rental income.
-
Ready to find tenants for your Phnom Penh property?
List your unit today on realestate.com.kh, Cambodia’s most trusted real estate platform. With thousands of renters searching daily, we’ll help you get the visibility and support you need.
📞 +855 92 92 1000
📧 info@realestate.com.kh
📍 Visit us at The Connect Center:
#306BCD, Monivong Blvd (93), Sangkat Chakto Mukh, Khan Doun Penh, Phnom Penh
🕘 Mon–Fri: 9:00 AM–5:00 PM | Sat-Sun: 10:00 AM–5:00 PM
Comments