Tag Archive: vacation rental deposit

Jan 29 2014

The Psychology Factor: Vacation Rental Damage Insurance vs Security Deposits

At first glance, vacation rental damage insurance can seem like a great prospect to a homeowner. But is it all that it’s cracked up to be? And can it effectually replace the psychological impact of a security deposit?

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Nov 14 2013

Honoring promises to past tenants without losing new prospects

Every year, vacation rental homeowners hope that a few of our past tenants will choose to return to our homes the next season: they obviously are a great fit and love the home, and we can trust that they will be responsible tenants.  But how do you deal with a return tenant? Do you charge …

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Oct 02 2013

Don’t let poor business practices result in lost bookings

Despite your home being a perfect fit for a prospective vacationer, it’s possible that you can lose the booking due to an ill-advised booking procedure. A recent email correspondence with a vacationer drove home the risks of a homeowner requiring too much of a rental deposit, too soon, and without providing the vacationer with a …

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Sep 20 2013

Quick Tip: What to charge for off season security deposits

One of our homeowners recently inquired about whether he should require the same security deposit for an off-season and/or shorter stay rental as he does for an in-season, weekly one.  

We recommend that you require the same security deposit in the off season as you do in the high season. The reason is …

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Apr 05 2013

Handling International Inquiries, Payments and Bookings

As the global economy begins to stabilize and consumer confidence grows, more and more vacationers from other countries are resuming vacations to the US. And with this winter’s devastating effects on other popular East Coast destinations, vacation rental owners on the Cape & Islands could see a surge in inquiries and bookings from our friends …

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