Short Term Rental Riches 30. 3rd Party Bookings - Good or Bad?
Jun 9, 2020
Explore the intriguing world of third-party bookings and their associated risks. Discover who typically makes these reservations and the potential rewards they can bring. Tim shares personal anecdotes highlighting the importance of verifying guest identity to protect yourself. Learn about common scams, including a deceitful Craigslist tactic, and why direct bookings through trusted platforms are essential. Tune in for valuable insights that could enhance your short-term rental experience!
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Avoid Third-Party Booking Risks
- Avoid accepting third-party bookings unless you can verify the guest's identity and contact info.
- These bookings pose risks such as damage liability and conflict in guest communication.
Airbnb's Third-Party Booking Policy
- Airbnb prohibits unauthorized third-party bookings, affecting hosts' ability to claim insurance for damages.
- This policy helps reduce risk for hosts but limits booking flexibility for some guests.
Meet Guests For Verification
- Meeting guests in person allows verification and can make third-party bookings safer.
- This approach works best for small, locally managed units but is not scalable for many rentals.