A security deposit is a refundable amount of money that serves as financial protection for property owners. Almost all vacation rental owners and operators implement security deposits to prevent revenue loss in the event of last-minute booking cancellation or property damages. Also, setting a security deposit is an excellent strategy to minimise possible tenant-related property
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Running a vacation rental business requires full-time attention. As a landlord, you should always watch out your properties while dealing with boosting your business and increasing your bookings. You know how negatively a damaged property can affect your profits; therefore, it is essential to identify the risk, prevent possible damages, and control or minimise the