Cancellation policy on Airbnb?

[Tato Corcoran]

Hey everyone! For those of you who operate Airbnb’s— I’m curious what your cancelation policy is?

My very first Airbnb went live a few weeks ago (in Milwaukee) and I chose the most “strict” cancelation policy because I really don’t want my calendar to fill with bookings only to have frequent cancellations right before guests are due to checkin. But curious to know what’s worked for others?

Thank you!