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145. Upside and Downside of Alteration Requests

145. Upside and Downside of Alteration Requests

FromShort Term Rental Riches


145. Upside and Downside of Alteration Requests

FromShort Term Rental Riches

ratings:
Length:
6 minutes
Released:
Aug 23, 2022
Format:
Podcast episode

Description

I’m sure we all have experienced this: a guest changing his/her plans and asking you to change the date of their stay to a time that is outside of the cancellation penalty period.You approve this request only to find out that, well your guest is, after all, planning to cancel!  Well quite sadly, this is an ongoing tactic. We understand that guests want flexibility but if you just give in to these alteration requests without checking how it goes with your cancellation policies, then you are losing a lot of potential income there! Imagine, a Reddit post about this tactic in ULPT (Unethical Life Pro Tips) has 10,000 upvotes on exactly how to go around the host’s cancellation policy. They are talking about this at your expense! You definitely don’t have to fall for this! Remember that when a reservation is made on your listing, guests are locking in those dates so no one else books it. You have the right to earn money knowing the value of your home and the value of your home being booked! So this week, I invite you to join me as we talk about:   What is a trip change request How it works  Should you be accepting them and what you can do Red flags you should keep an eye for  Bonus Tips you should know Are you enjoying the podcast? Please subscribe, leave a rating and a review, and share it! This helps us reach others that may find the info helpful as well. Get a copy of my 12 proven house rules to protect your property from almost every negative situation (highly recommended)  You can find all of our links here including our website, recommended resources, upcoming live events, short-term rental playbook, Instagram, and more!
Released:
Aug 23, 2022
Format:
Podcast episode

Titles in the series (100)

Tim Hubbard, successful investor and CEO of a seven-figure short term rental management company shares it all. The insider tips you need to know to acquiring, operating and scaling a successful short term rental business.