Air bnb/home away payments

[Mark Futalan]

Hi BP, I’m in the process of setting up my STR listing for my first VR in the Coachella Valley. Just curious, are the payments received from bookings instantaneous? Do you receive the funds when booked or is it held by air bnb/home away until the reservation date is reached? For example if I got a booking for a 2 night stay 3 months away, are the funds available now or do I have to wait until 3 months to receive it? I haven’t been able to get a clear answer online. Thank you.