- security deposit

What NOT to Do when Handling Security Deposits for Your Vacation Rental

Posted by Team Donovan on October 23rd, 2019

Security deposits are one of the best ways for homeowners to protect their Orlando vacation homes. How you handle security deposits can impact your success as a vacation rental homeowner. There are several things you should avoid doing when handling deposits in order to give your guests a positive experience and a reason to rent your home again. 

What NOT to Do when Charging Guests a Security Deposit 

1. Don’t Forget to Return Your Guest’s Security Deposit 

Your guests expect to have their deposits returned as quickly as possible once they’ve left your vacation home. Don’t take advantage of this payment by considering it as extra income. 

Homeowners who fail to return security deposits can damage their reputation as vacation rental hosts. Let…

How to Price the Security Deposit for Your Orlando Vacation Rental

Posted by Team Donovan on October 18th, 2017

There are many decisions to be made when choosing to rent your Orlando vacation home on a short-term basis to holiday travelers. Some of these include whether to hire a property manager, how you should advertise your rental home, and the rental fee itself. Another decision to make is how much to charge your guests for a security deposit. 

The security deposit helps to protect your short-term vacation rental. The challenge is figuring out the right balance between enough money to cover potential damages and a small enough fee that will put renters at ease. 

No matter how long a rental agreement you set, whether it’s one or two nights, or two weeks, it’s crucial that you include everything you need to protect your investment. It’s always smart to…