Tim Hubbard warns that not all short-term rental reservations are equal in risk and begins outlining five risky scenarios. In this clip he addresses last-minute bookings as especially risky because they leave little time to vet guests; he recommends shortening or disallowing same-day bookings to allow time for communication and review.
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So there's some reservations that you need to be a little more weary of. They're not all created equal. Some you can tell right off the bat are going to be a little more risky and I'm going to break down five of those situations. The first one is essentially if it's a last minute booking, if someone books a few hours before your property, well then you have less time to communicate with them. You have less time to sort of check the reviews and quite a few different things and so it's more likely that you could get a bad or potential bad guest if they're booking last minute. So one easy way you can prevent that is just by shortening your booking window. So if you don't allow same day bookings for example and they're all at least one day out or further, well then you have a little more time to review communicate with the guests, find out why they want to stay at your rental, just ask them a few questions.