Hello,
I'm new to Airbnb, but have been renting my villa in Montenegro for 12 years through other advertising methods.
I have always taken a 25% deposit to secure bookings, with the remainder being paid 8 weeks before arrival, I also take a £300 security deposit which is refunded at the end of a guest stay (subject to no damages). My cancellation policy has been full refund if cancelled 8 weeks before scheduled arrival, but no refund if less than 8 weeks (unless I can get the villa rebooked).
I have set my cancellation policy to 'strict' - which will give 50% refund upto 1 week prior to arrival - Does this mean I will get paid 50% of the booking in this instance or 100% of the booking if a guest cancels within 7 days of arrival?
Based on past experience, it is highly unlikely that I will get 'last minute' bookings, with most of my bookings being made at least 2 months in advance, does this mean that potentially with Airbnb I could end up losing money if a guest cancels upto 1 week prior to arrival and my villa doesn't get rebooked? Is there anyway round this? I'd be interested to hear other peoples experiences using the Airbnb payment system as it is very different to what I've been used.
Many thanks
Debbie