I have a small vacation rental which is only available for a minimum of 30 days due to my HOA regulations. I currently have a guest who made a 45 day booking last February for the beginning of August. She now wants to cancel with a full refund because she did not read the property description five months ago, and now has decided that it won't work.
The cancellation settings on the listing allow full refunds up to a month out. My last guest also booked way in advance, for 60 days, and the same thing happened. She realized the location wasn't what she expected, then cancelled half of the booking, leaving me with a 28-day gap which I could not rent, and also which kept the property off the market when someone else could have taken it. That time she beat the 30 day cancellation period, so I was left holding the bag.
At the moment I have a 6 month booking window. I've come to realize that this gives guests too much time. They can cancel at the last minute and then I am left hoping that someone else will fill the gap, not easy given that the property is limited to 30 day minimum stays.
I am inclined to cut the advance window way down, to maybe 6-8 weeks. Thoughts?
Thanks for any insights!