Hi all - I'm a new STR host and I recently had my first bad guest experience and have some questions about damage protection and guest verification on VRBO specifically.

Be diligent in your application process and verification. 

I will return to this situation in the end of this post, but first let me show you why the age of a person can be tricky when it comes to the IRS.

What they said.....everyone over the age of 18 has to have a background/credit/ ID verification and sign the lease.

Upon verification, the Landlord will pay you $2,000 cash, and both parties will sign a receipt acknowledging that your account has been settled.

Hello Kyle,When screening applications for the properties that I manage, I always look for:- Income of at least 3 times the monthly rent (verified through the employer)- Credit score of 580+- Rental verification with past landlords (no outstanding balances, no late payments, and the property left in acceptable condition)- No history of collections, evictions, or criminal offenses- No overdue debt (except medical debt)I have found this screening standard very helpful when finding tenants who pay on time and treat the property well!

Social Security also has a consent based ssn verification process where a SSN can be verified with the parties consent.Again, we can never be 100% full proof but we can stay on top of the latest ways to mitigate the fraudsters at their game.How are you catching fakes?

Be sure to do a thorough credit and background check, as well as a residence and employment verification. 

Additionally, a lender deposit ranging from $20,000 to $100,000 is necessary, along with a rate lock-in fee that typically amounts to 2% of the loan amountIn the process of raising equity, it's crucial to be diligent while filling out necessary forms and securing required verifications.

I don't overcharge but I stay competitive.No ID verification.