Dealing with Damages

As a vacation rental owner, it’s essential to know how to handle both minor and major damages occurring on your property. For minor repairs, such as fixing a leaky faucet or patching up small holes in the wall, you can often use your DIY skills to save time and money. However, remember that more significant damages, like water damage or mold, may require professional assistance.

Handling Minor & Major Repairs

When dealing with larger repairs, document the damages thoroughly by taking photos and videos and keeping all receipts for repairs and replacements. Clear documentation will protect you in case of disputes or legal actions. Remember that being diligent can help you avoid complications when dealing with vacation rental platforms like Airbnb.

Taking Preventative Steps

Take preventive steps to minimize the chances of accidental damage or injuries on your property:

  • Install safety features like smoke detectors, carbon monoxide detectors, fire extinguishers, and first aid kits to protect your guests and your property in emergencies.
  • Conduct routine property checks to identify potential hazards, such as loose railings or slippery surfaces, and address them promptly.
  • Utilize secure communication methods when interacting with guests online, like using encrypted messaging platforms or following the guidelines provided by vacation rental platforms.

Requiring a Security Deposit

One way to protect yourself as a vacation rental owner is by requiring a security deposit from your guests. At Lake, we allow hosts to require security deposits ranging from $100 to $5,000, which could help cover any damages caused by the guest.

Remember, keeping your property well-maintained and safe for your guests while protecting yourself and your investment is crucial.

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