Security deposit

[Lorrie18]

Is it a good idea to charge a security deposit to guests?

[Jeff158]

@Lorrie18 

In a big place like yours which could get used for party's, you need a large deposit to put folks off disrespecting the place.

The link explains how they work

https://www.airbnb.co.uk/help/article/140/how-does-airbnb-handle-security-deposits?

[Lorrie18]

Great!! Thank you so much!! Will definitely take your advice!! Have a great day!!🤗

[Mark116]

Yes and No.  The security deposit isn't a traditional one, in that, the money for the security deposit is not collected at all, the guest has to agree that they will pay it, it isn't like a hotel security deposit where the money is put on a credit card.  However, a security deposit may have a deterent effect and at least if you have it on the listing, and outline specific types of damage it would be used for, it might help you get the money.

[Lorrie18]

Great!! Really appreciate your thoughts on the matter!! Have a good one🤗

[Linda108]

I agree with @Mark116 .  It is not perfect as the guest can shut down the booking credit card and Air BNB has no way of accessing a payment form. It is better than nothing however.