Vacation Rental Damage Deposits

[Matt Owens]

Hey All,

Do any of you require damage deposits from guests for booking your vacation rentals?

I recently acquired and launched a new property on Airbnb and VRBO that is $500-$600 avg. nightly rate compared to other properties I’m managing at a $150-$250 avg. nightly rate. 

I have never required a damage deposit in the past but for this one I’m curious to hear what you think?  I’m leaning towards NO because I want to limit as many barriers as possible when someone is considering my listing over others in the area. 

TIA