Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Short-Term & Vacation Rental Discussions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago on . Most recent reply

User Stats

3
Posts
0
Votes
Delin W.
  • Utah
0
Votes |
3
Posts

Double dipping on vacation rentals?

Delin W.
  • Utah
Posted

I have both single family and vacation rentals. In my state (not sure if it applies to others), landlords are not allowed to double-dip. Example: Say the tenant's lease goes through the end of the month and they pay for that month then vacate on the 5th. I fill it on the 10th, so I would then return that tenant's pro-rated rent from the 10th to the end of that month. This has been my practice. 

I have also applied that to my vacation rentals, specifically in regard to cancellations. My cancellation policy is that if a guest cancels two months+ ahead of the booking, s/he gets 100% back. If s/he cancels 30 days+ ahead of the booking, s/he gets 50% back, but nothing back if s/he cancels less than 30 days before the booking. However, if the property gets re-booked, I always refund the guest for those days. I don't plan on changing this practice, because I think it's fair. 

I was following a thread in a vacation rental forum recently where the owners said they typically did not refund any amount, no matter if they re-booked the same dates or not. This sounds like double-dipping to me, but I couldn't find an answer as to whether the prohibition on double-dipping applies to vacation rentals or not. 

Again, I'm not changing my policy, but I am curious to know if it is allowed, since so many other owners appear to do business this way. 

TIA!

Loading replies...