Hi Helen
I have 55 places across several sites
so just maybe I will correct you.
They (seem ) to want to book - they send a booking request - I accept - it blocks the dates - they system allows them 24 hours to sort out their affairs - meanwhile no one else can book - I can not free the date and it remains blocked until the 24 lapses
I also do not "accept and block" the site does that whenm you accept what seems a legit booking request (not an inquiry) of course I dont let anyone in if unpaid.
You added
"I don't accept last minute booking as i don't want to risk payments not going through"
if you dont accept last minute then you don't get any bookings !! Surely?
do you mean accept - let them in and not get paid ? or just not take any last minute bookings?
I yeild about 12.5% net (compared to Real Estate rentals here of 3.5 - 5% yeild but I push hard and have 80something % occupancy