Love to see a stricter policy option for holidays and/or seasonal. I recently lost a July 4th rental and the flexible option you all recommend didn't give time to get a new booking. Luckily I used our property instead but lost revenue. VRBO gives a 14 day cancelation option which seems fair to renters and the host = Travelers who cancel at least 14 days before check-in will get back 100% of the amount they've paid. If they cancel between 7 and 14 days before check-in, they'll get back 50%. Otherwise, they won't get a refund.
Thoughts?