Action
Consider implementing stricter cancellation policies or requiring upfront payment to mitigate risk.
Medium impact · low effort
A recent news report details the eviction of a non-paying guest from an Airbnb in Richmond Hill. This highlights the potential financial risks associated with short-term rentals, especially the possibility of guest payment issues. Hosts should be aware of this risk and have procedures in place to mitigate potential losses.
Consider implementing stricter cancellation policies or requiring upfront payment to mitigate risk.
Medium impact · low effort