Buying a vacay rental, honor current bookings or no?

[Steven C. Suarez]

Hey BPers, I'm currently buying a vacation rental in South Padre island, Texas. It's already booked through summer. The company handling the listings is vacasa and charge 30% which seems high. I'm looking to Airbnb the condo myself. Do I have to honor the current bookings? Can I work a deal out with vacasa to keep the bookings but they take a smaller cut? Or what options do I have? Thx Stevo in Hurst

[Carson Wilcox]

seems like 70% of a booked house is better than nothing... are you going to be able to rebook that after you close on it, and fill out the summer?  Let alone if one of these people gets pissed and goes on an online review revenge spree on the property...  Posting bad stuff...