The Damage Deposit Trap: Why $50,000 Loses Bookings and $500 Leaves You Exposed
Description
Key Takeaways:
✅ Platform protection programs have critical gaps, some offer no damage reimbursement at all, and strict reporting windows can disqualify legitimate claims
✅ Deposits above $2,000 create measurable booking friction, while low deposits leave you exposed to out-of-pocket costs that can exceed thousands
✅Successful protection strategies combine tiered deposits, third-party verification services, and insurance-backed waivers rather than relying on a single approach
✅ Integrated management systems automate deposit processing and verification, reducing administrative work while maintaining consistent protection across all properties
Related Links:
Company: https://www.tokeet.com/
Blogs: https://www.tokeet.com/blog/
Blog: Damage Deposit: How Much Should You Charge Guests? 👉https://blog.tokeet.com/damage-deposit-how-much-should-you-charge-guests/
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