Red Flags for Short-term Rentals: A Multifamily Owner’s Guide

When it comes to short-term rentals, one of the biggest red flags to watch out for is last-minute bookings. While these can be convenient for guests, they can be risky for property owners, as it doesn’t give you much time to vet the guest or prepare the property. Additionally, local bookings can be problematic, as they are more likely to cause disturbances or damage to the property.

Another key red flag to watch out for is guests with no reviews. While it’s understandable that everyone has to start somewhere, it’s important to be cautious when accepting bookings from guests without a track record of positive experiences.

When communicating with potential guests, pay attention to how they interact with you. If they are rude or demanding, it may be a sign of trouble ahead. Additionally, be wary of guests who provide a phone number that is not in service or is a Google phone number.

If you find that you’ve dropped your rental price too much, you may be attracting guests who are looking for a bargain and may not have the best intentions when it comes to respecting your property.

It’s important to have a clear set of house rules in place and to communicate them clearly to your guests. If you notice that a guest is violating these rules or causing issues, it’s important to address the situation promptly and take appropriate action.

By being aware of these red flags and taking steps to protect your property, you can enjoy the benefits of short-term rentals without putting your investment at risk. Remember to always prioritize the safety and well-being of your property and guests.