Why guests should never ignore Airbnb long-term stay policies.
Pricing & Profitability
intermediate
cancellation policy
long-term stays
guest disputes
refunds
enforce policy
M
Summary
AI-generatedHosts will learn the importance of enforcing their cancellation policies, just like airlines and hotels. Guests should carefully review and agree to long-term stay policies before booking to avoid issues with refunds, especially concerning external factors like roadworks.
Key insights
By enforcing the cancellation policy on a guest who wanted to leave due to roadworks, the host was able to relist the property and earn approximately $29,000 for the remaining dates, resulting in a significant profit.
Mistakes to avoid
Guests may not receive refunds for issues like nearby roadworks if they haven't thoroughly read and agreed to the long-term stay policy and its exclusions.
Frequently Asked Questions
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial