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Updated over 2 years ago,

User Stats

14
Posts
4
Votes
Ben Jamin
4
Votes |
14
Posts

Seller Wants Future Rental Profits

Ben Jamin
Posted

Hi All,

I recently went under contact on my first STR, Yay!

The property is already an STR and the current owners have bookings confirmed into July.

The closing date is set for March 30th (meaning, I will then take over the property that day).

The sellers have asked me to either let their pre-paid guests stay in my property (and they keep the profits)

OR

pay the sellers nearly $6k, in reservation fees that they would have profited if they were not selling the property.

Is this common?

Any thoughts on how I should respond?

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