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Short-Term & Vacation Rental Discussions

User Stats

63
Posts
29
Votes
Robert Carter
Pro Member
  • Rental Property Investor
  • Ashburn, VA
29
Votes |
63
Posts

Standard for receiving payment

Robert Carter
Pro Member
  • Rental Property Investor
  • Ashburn, VA
Posted Dec 4 2020, 11:25

I have a potential guest that would like to book the weekends next fall for all football home games. When it comes to receiving payment how should I approach this? Is it standard practice to ask for full payment, half of payment upfront then other half a month before they arrive, a deposit then they pay every month until 30 days before they arrive? Should I also put the payment schedule into the rental agreement? Any assistance would be great. Haven’t dealt with this before usually I go through Airbnb but this guest came across my property thru Instagram and doesn’t want to deal with the Airbnb fees, which I can understand.

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