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FAQ

FAQ: Agency.CapeHolidays Management Services

FAQ’s

FAQ's About Airbnb (3)

New Airbnb owners should be aware of the hosting risks of Airbnb and do something to limit it.

NOTE: In general, you may never even encounter any of these issues. Reading about these risks may scare many owners. If that is the case then you make take this as an absolute. It’s not. The risks are very low.  

Let’s consider a list of risks of hosting Airbnb guests and solutions here:

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Instant Booking is one of the features hosts don’t really have an option with. Airbnb gives you another option where guests can first discuss a booking. But still, you cannot decline if you don’t have a very good reason. And guests don’t like being rejected when your calendar shows availability. And if we cancel the hosts will never keep their status as a SuperHost (see more). 

Let’s get to the details:

  • Instant booking means we must ensure 100% integrity of the calendar.
  • Any verified guest can reserve the accommodation immediately if the calendar shows availability. 
  • Any guest who instantly reserves do this by accepting our rules we set with the owner and the rules (T&Cs) by the booking sites like; Airbnb and Booking.com. 
  • All reservations must be accepted by the owner as he appointed us to do it per our T&Cs.
  • CapeHolidays don’t check availability with the owner before a guest do an instant reservation. 
  • But what about owner reservations? The owner agreed to first check availability with the agent at all times and only then reserve the accommodation for his own use.  
  • Owners cancelling guest reservations: cancellations carry no owner penalties only if the cause is a major disaster or something out of reasonable control. 
  • Owners ending/cancelling the agreement do it in writing. All current/confirmed reservations are honoured. Any owner not communicating the cancellation of the agreement will honour future bookings. If these are not communicated and/or honoured the owner is liable for penalties. 
  • All websites like Airbnb and Booking.com do instant bookings. This increases the chances of getting reservations. Read about Airbnb Instant Book here

What the above means is that everything works extremely well if the agent can ensure 100% calendar integrity. As agents or hosts, we cannot do our business best without instant booking

Did you find this FAQ helpful?
0
0

FAQs: Accommodation Profitability (1)

Instant Booking is one of the features hosts don’t really have an option with. Airbnb gives you another option where guests can first discuss a booking. But still, you cannot decline if you don’t have a very good reason. And guests don’t like being rejected when your calendar shows availability. And if we cancel the hosts will never keep their status as a SuperHost (see more). 

Let’s get to the details:

  • Instant booking means we must ensure 100% integrity of the calendar.
  • Any verified guest can reserve the accommodation immediately if the calendar shows availability. 
  • Any guest who instantly reserves do this by accepting our rules we set with the owner and the rules (T&Cs) by the booking sites like; Airbnb and Booking.com. 
  • All reservations must be accepted by the owner as he appointed us to do it per our T&Cs.
  • CapeHolidays don’t check availability with the owner before a guest do an instant reservation. 
  • But what about owner reservations? The owner agreed to first check availability with the agent at all times and only then reserve the accommodation for his own use.  
  • Owners cancelling guest reservations: cancellations carry no owner penalties only if the cause is a major disaster or something out of reasonable control. 
  • Owners ending/cancelling the agreement do it in writing. All current/confirmed reservations are honoured. Any owner not communicating the cancellation of the agreement will honour future bookings. If these are not communicated and/or honoured the owner is liable for penalties. 
  • All websites like Airbnb and Booking.com do instant bookings. This increases the chances of getting reservations. Read about Airbnb Instant Book here

What the above means is that everything works extremely well if the agent can ensure 100% calendar integrity. As agents or hosts, we cannot do our business best without instant booking

Did you find this FAQ helpful?
0
0

Management FAQs (3)

Instant Booking is one of the features hosts don’t really have an option with. Airbnb gives you another option where guests can first discuss a booking. But still, you cannot decline if you don’t have a very good reason. And guests don’t like being rejected when your calendar shows availability. And if we cancel the hosts will never keep their status as a SuperHost (see more). 

Let’s get to the details:

  • Instant booking means we must ensure 100% integrity of the calendar.
  • Any verified guest can reserve the accommodation immediately if the calendar shows availability. 
  • Any guest who instantly reserves do this by accepting our rules we set with the owner and the rules (T&Cs) by the booking sites like; Airbnb and Booking.com. 
  • All reservations must be accepted by the owner as he appointed us to do it per our T&Cs.
  • CapeHolidays don’t check availability with the owner before a guest do an instant reservation. 
  • But what about owner reservations? The owner agreed to first check availability with the agent at all times and only then reserve the accommodation for his own use.  
  • Owners cancelling guest reservations: cancellations carry no owner penalties only if the cause is a major disaster or something out of reasonable control. 
  • Owners ending/cancelling the agreement do it in writing. All current/confirmed reservations are honoured. Any owner not communicating the cancellation of the agreement will honour future bookings. If these are not communicated and/or honoured the owner is liable for penalties. 
  • All websites like Airbnb and Booking.com do instant bookings. This increases the chances of getting reservations. Read about Airbnb Instant Book here

What the above means is that everything works extremely well if the agent can ensure 100% calendar integrity. As agents or hosts, we cannot do our business best without instant booking

Did you find this FAQ helpful?
0
0

A few owners only want occasional bookings and not interested in maximising income.

Yes. We can assist you.

Some Cape Town Accommodation owners only want to get one, two or three bookings during the year. And nothing more. 

We just need to agree to a different T&Cs (see it here) for your specific needs. 

These owners either;

  • tend to live in their homes during the year. 
  • owners who only want a few guests through their home. 

These owners keep the home for their own use or no use during the year and make certain dates exclusively available to CapeHolidays. Agency.CapeHolidays.info are 100% responsible for bookings during this time and the owner will honour all bookings during the agreed availability period. See the consequences and responsibilities for Instant Bookings.

Owners who don’t live in their homes during the year may want the management of their accommodation while they are not here; our T&Cs do not provide for this function. And these owners will need to discuss their needs with us clearly to understand their needs and agree on the management fee to oversee the home during the empty time.

Can You Assist if I only want occasional bookings? Read this FAQ.

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0
0

FAQs: T&Cs | Rules | Protection (9)

If the owner ensures the calendar is always correct there is no reasonable-justification, for the owner, to cancel; other than for extenuating circumstance (Acts of God).

Therefore clause 3.3 in our T&CS should never be an issue. This clause, however, will ensure owners who may not have the best intentions stay honest. And is that not one reason for an agreement; to keep the bad guys honest?

The quick answer is you can not cancel any booking. And not reporting unavailability to us for whatever reason has serious consequences.

Here’s the long version:

Risk. As you know all businesses have some risk. Even though these risks have an extremely low probability please take note. 

One of the risks is what’s called Instant Bookings. Instant bookings increase the chance for bookings. 

When guests meet set criteria they can instant-book. And we cannot cancel as we will face severe penalties. Not only is there a cost involved but we can easily lose our SuperHost status. 

When an owner agrees to our terms and conditions we share this risk and must limit it. 

We, therefore, must indicate to owners, who may not take this seriously, the risk and consequences

Let me quote the Terms and Conditions

3.3 If the OWNER cancels or cannot host as agreed, a confirmed booking, a penalty of US$1500 will be paid by the OWNER to the AGENT and the OWNER will be kept liable for any additional losses incurred by the guest who made the booking and any losses occurred by the AGENT, excluding ‘Acts of God’.

The loss, when the owner rejects a confirmed booking, is not measured only in monetary terms. No. The cost to lose our SuperHost status is not quantifiable. 

Booking.Com makes it more difficult. 

Booking.com says that if you cancel a confirmed booking, you must find alternative accommodation for the guests. If you cannot they will find similar accommodation, and if the rates are higher then you will be liable to pay the cost to relocate the guest. 

Therefore, we, explicitly, share with the owner the risks and consequences of rejecting a confirmed booking. 

How often does this happen? 

Well, infrequently, but we have had one or two peak only owners who have asked us to market and then remove their homes from the market, without notifying us when it happens. In these cases, we accidentally learned about it. Next time we may not be that lucky. 

The risks are low as long as owners inform us of changes well in advance. 

Did you find this FAQ helpful?
0
0

New Airbnb owners should be aware of the hosting risks of Airbnb and do something to limit it.

NOTE: In general, you may never even encounter any of these issues. Reading about these risks may scare many owners. If that is the case then you make take this as an absolute. It’s not. The risks are very low.  

Let’s consider a list of risks of hosting Airbnb guests and solutions here:

Did you find this FAQ helpful?
0
0
Yes. Unfortunately, agreements are to keep the bad guys in line. 90% of people are trustworthy. The problem is complicated 10%. And we need to clarify very important clauses. Clarifying them with our T&Cs sets the scene explaining the rules we try to adhere to. Our ultimate aim is to protect the guest, you and us. But that’s the foundation from where we aim to make all interested parties happy. This is not easy. But we must start at the bottom and then work towards success.
Some of our T&C clauses ar set in stone. A few are negotiable to suit your unique needs. We believe it best for you to read our FAQs, the read the T&Cs and then ask questions. We have two T&Cs; one for owners who only rent only during school holidays and other renting out during the year. These two groups have unique needs.
Read the Agency CapeHolidays Owner T&Cs here.
Did you find this FAQ helpful?
0
0

Instant Booking is one of the features hosts don’t really have an option with. Airbnb gives you another option where guests can first discuss a booking. But still, you cannot decline if you don’t have a very good reason. And guests don’t like being rejected when your calendar shows availability. And if we cancel the hosts will never keep their status as a SuperHost (see more). 

Let’s get to the details:

  • Instant booking means we must ensure 100% integrity of the calendar.
  • Any verified guest can reserve the accommodation immediately if the calendar shows availability. 
  • Any guest who instantly reserves do this by accepting our rules we set with the owner and the rules (T&Cs) by the booking sites like; Airbnb and Booking.com. 
  • All reservations must be accepted by the owner as he appointed us to do it per our T&Cs.
  • CapeHolidays don’t check availability with the owner before a guest do an instant reservation. 
  • But what about owner reservations? The owner agreed to first check availability with the agent at all times and only then reserve the accommodation for his own use.  
  • Owners cancelling guest reservations: cancellations carry no owner penalties only if the cause is a major disaster or something out of reasonable control. 
  • Owners ending/cancelling the agreement do it in writing. All current/confirmed reservations are honoured. Any owner not communicating the cancellation of the agreement will honour future bookings. If these are not communicated and/or honoured the owner is liable for penalties. 
  • All websites like Airbnb and Booking.com do instant bookings. This increases the chances of getting reservations. Read about Airbnb Instant Book here

What the above means is that everything works extremely well if the agent can ensure 100% calendar integrity. As agents or hosts, we cannot do our business best without instant booking

Did you find this FAQ helpful?
0
0

A few owners only want occasional bookings and not interested in maximising income.

Yes. We can assist you.

Some Cape Town Accommodation owners only want to get one, two or three bookings during the year. And nothing more. 

We just need to agree to a different T&Cs (see it here) for your specific needs. 

These owners either;

  • tend to live in their homes during the year. 
  • owners who only want a few guests through their home. 

These owners keep the home for their own use or no use during the year and make certain dates exclusively available to CapeHolidays. Agency.CapeHolidays.info are 100% responsible for bookings during this time and the owner will honour all bookings during the agreed availability period. See the consequences and responsibilities for Instant Bookings.

Owners who don’t live in their homes during the year may want the management of their accommodation while they are not here; our T&Cs do not provide for this function. And these owners will need to discuss their needs with us clearly to understand their needs and agree on the management fee to oversee the home during the empty time.

Can You Assist if I only want occasional bookings? Read this FAQ.

Did you find this FAQ helpful?
0
0

An Owner Pieter recommended Sandra and husband John. Around the dining table, they heard about the slug of money Pieter got renting his home over peak. 

The one couple got easy money over Christmas and the others wanted to be part of the rainbow. 

Sandra showed us their upmarket apartment close to the beach. It was not guest ready yet. But we assisted in staging the accommodation and the photos were really great. This is going to be a winner. 

We sent them the T&Cs to read, discuss, agree, sign and send back. 

Nothing. Eventually, we got an email;

We know Peter who has a property that you have rented over the high season period. We are comfortable with a similar arrangement with our property. 

Long story short; the: similar arrangement was based on a handshake. Although low incidence, renting out accommodation has various risks. And things had to change. Easy verbal arrangements are great and easy but…. 

Various parties with different expectations make it difficult to just shake hands on hope for the best:

  1. The owner has risks, fears, and needs. 
  2. Guests have high expectations. 
  3. The management agent must address the issues of the owner and guests. 
  4. The provider Airbnb, Booking.com or other third-party agents has its own set of rules. 
  5. And where there is money the one holding it is controlling the roost. 

The rare incidents can be severe. Let me explain:

Since starting out Cape Town Management Agency during 2009 we only had three cancellations due to extenuating circumstances. All during 2019. An insignificant issue as measured in incidence and 4% in value. 

The three owners feeling the burn and are now out of pocket. These cancellations occur last minute. And in most cases, guests book at least two months in advance. Meaning; we will not get another booking. 

Two of the affected owners, we paid a substantial amount, said they were not aware we market their home on Airbnb and did not realise the risk.

One owner asked us to share the risks in more detail. Obviously, this is one example of many. 

An agreement has various purposes:

  • It draws the lines within which the guest, owner, and agent plays the game. 
  • It sets out and explains expectations for parties. It shares timelines, responsibilities, and duties. 
  • It explains the risks in no uncertain terms. And owners have the right to know. 
  • It keeps all involved as honest as is possible. 
  • It indicates to us that we have the right to represent the owner and the owner is committed. 
  • In exchange for generating an income, for the committed owner, we brand the owner’s home with the trustworthiness we established over many years. These include being SuperHosts and having nearly a thousand 4.9 out of 5 Star reviews. And we cannot risk losing these with owners who say, “Sorry, we shook hands and you did not tell me about that!” 
  • Money complicates things. Example: we get paid by Airbnb, we paid the owner; what happens when there’s a refund or cancellation? Airbnb immediately takes the money from us. Now we need to recover the money from the owner. This can become a mess when based on a cordial handshake. 

Our Terms and conditions are general. It may not cover all your specific needs. Certain clauses are negotiable others not. We can add, and adapt some. 

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Yes. It happens. How do we manage future bookings for owners who want to sell or who are very sick? 

Obviously, if you pass away it’s an extenuating circumstance and we are allowed to cancel. With terminal illness or selling of your accommodation, you have a transition period where you may want the bookings to continue. And it is possible.

Let me remind you of the T&C clause in question:

3.3 If the OWNER cancels or cannot host as agreed, a confirmed booking, a penalty of US$1500 will be paid by the OWNER to the AGENT and the OWNER will be kept liable for any additional losses incurred by the guest who made the booking and any losses occurred by the AGENT, excluding ‘Acts of God’.T&Cs

This clause does not change at all, other than for extenuating circumstances.

 But there is a way to limit the exposure and it is very simple: 

You close the future booking window from 12 to 18 months to only three months in advance.

This means at any time when the owner sells their property, only the next three months’ worth of bookings must be honoured. As you know; estate transfers take about three months. 

 If this interests the owner, they must just ask us in writing to only open a rolling three-month booking window. 

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Procedure when I want to sell my home while you manage.

An owner may think that it’s easy selling their home while we try and keep guests happy.

Unfortunately, the consequences are not obvious to the outsider. Paying guests will not tolerate intrusions. Never. Ever!

You can ask nicely; they may oblige but deep down they are disappointed when “their home” is intruded upon. 

And the one small consequence? A bad review!

We are extremely protective of our SuperHost status (more here), and our nearly 1000, 5 out of 5-star ratings. We will not sacrifice quality under any circumstances.

Therefore, while we manage and market your home, you must be aware of the limitations.

There is a price to pay for this. And it may be better to cancel our agreement than to compromise our commitment to you, your home and the guests with high expectations.

You know the saying:

You can’t have your cake and eat it too…

There is a conflict between your needs to have a rental income and selling your home. Your rental agent must ensure the integrity of the home at all times while the real estate agent wants access now and will do whatever to get access.

We must find a way for all three interested parties to work hand in hand.

The following procedure is applicable while we have a mandate to market and manage your home.

Obviously, if the owner believes it is too restrictive then we need to consider the request.

But if the request limits our ability to ensure guest’s privacy or a third party interferes with the quality (as we have set it up for guests), then we must reconsider the agreement.

Please read this FAQ first for some background info.

The following procedure applies:

  1. The T&Cs indicate that you need to honour all future bookings. To reduce the risk we recommend you limit the availability calendar. For example, you can ask us to open a rolling one month or three-month availability-window. This will, however, reduce occupancy; most people book at least 2 to six months in advance. The further the calendar extends (opens) the higher the occupancy but the higher the risk that the property may sell and the new owner may not want to honour the bookings. In that case, you, the responsible party, will be liable for additional costs and penalties of at least $1500 plus relocating costs.
  2. Any real estate agent wanting to show the home or wanting access to the home can only enter through Agency.CapeHolidays.
  3. At no time will the real estate agent be permitted to enter the home without an appointment with Agency.CapeHolidays.
  4. Never will real estate agents engage with guests.
  5. No real estate agent will have keys to the home.
  6. Should the owner give access to a third party without our knowledge or consent and we cannot resolve the issue amicably the owner has by default cancelled the agreement and must honour all future bookings as per our T&CS.
  7. Agency.CapeHolidays cannot be responsible for the property when there’s a third party with uncontrolled access. Let me be blunt; if a third party has access without our control the risk is too high and we would not be interested to continue our mandate.
  8. The owner may choose to block a few days per month for viewings. But again only via Agency.CapeHolidays.Info.
  9. The owner must notify Agency.CapeHolidays.Info immediately when a sales agreement has been signed.
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School Holiday Owners (6)

If the owner ensures the calendar is always correct there is no reasonable-justification, for the owner, to cancel; other than for extenuating circumstance (Acts of God).

Therefore clause 3.3 in our T&CS should never be an issue. This clause, however, will ensure owners who may not have the best intentions stay honest. And is that not one reason for an agreement; to keep the bad guys honest?

The quick answer is you can not cancel any booking. And not reporting unavailability to us for whatever reason has serious consequences.

Here’s the long version:

Risk. As you know all businesses have some risk. Even though these risks have an extremely low probability please take note. 

One of the risks is what’s called Instant Bookings. Instant bookings increase the chance for bookings. 

When guests meet set criteria they can instant-book. And we cannot cancel as we will face severe penalties. Not only is there a cost involved but we can easily lose our SuperHost status. 

When an owner agrees to our terms and conditions we share this risk and must limit it. 

We, therefore, must indicate to owners, who may not take this seriously, the risk and consequences

Let me quote the Terms and Conditions

3.3 If the OWNER cancels or cannot host as agreed, a confirmed booking, a penalty of US$1500 will be paid by the OWNER to the AGENT and the OWNER will be kept liable for any additional losses incurred by the guest who made the booking and any losses occurred by the AGENT, excluding ‘Acts of God’.

The loss, when the owner rejects a confirmed booking, is not measured only in monetary terms. No. The cost to lose our SuperHost status is not quantifiable. 

Booking.Com makes it more difficult. 

Booking.com says that if you cancel a confirmed booking, you must find alternative accommodation for the guests. If you cannot they will find similar accommodation, and if the rates are higher then you will be liable to pay the cost to relocate the guest. 

Therefore, we, explicitly, share with the owner the risks and consequences of rejecting a confirmed booking. 

How often does this happen? 

Well, infrequently, but we have had one or two peak only owners who have asked us to market and then remove their homes from the market, without notifying us when it happens. In these cases, we accidentally learned about it. Next time we may not be that lucky. 

The risks are low as long as owners inform us of changes well in advance. 

Did you find this FAQ helpful?
0
0

New Airbnb owners should be aware of the hosting risks of Airbnb and do something to limit it.

NOTE: In general, you may never even encounter any of these issues. Reading about these risks may scare many owners. If that is the case then you make take this as an absolute. It’s not. The risks are very low.  

Let’s consider a list of risks of hosting Airbnb guests and solutions here:

Did you find this FAQ helpful?
0
0
Yes. Unfortunately, agreements are to keep the bad guys in line. 90% of people are trustworthy. The problem is complicated 10%. And we need to clarify very important clauses. Clarifying them with our T&Cs sets the scene explaining the rules we try to adhere to. Our ultimate aim is to protect the guest, you and us. But that’s the foundation from where we aim to make all interested parties happy. This is not easy. But we must start at the bottom and then work towards success.
Some of our T&C clauses ar set in stone. A few are negotiable to suit your unique needs. We believe it best for you to read our FAQs, the read the T&Cs and then ask questions. We have two T&Cs; one for owners who only rent only during school holidays and other renting out during the year. These two groups have unique needs.
Read the Agency CapeHolidays Owner T&Cs here.
Did you find this FAQ helpful?
0
0

Instant Booking is one of the features hosts don’t really have an option with. Airbnb gives you another option where guests can first discuss a booking. But still, you cannot decline if you don’t have a very good reason. And guests don’t like being rejected when your calendar shows availability. And if we cancel the hosts will never keep their status as a SuperHost (see more). 

Let’s get to the details:

  • Instant booking means we must ensure 100% integrity of the calendar.
  • Any verified guest can reserve the accommodation immediately if the calendar shows availability. 
  • Any guest who instantly reserves do this by accepting our rules we set with the owner and the rules (T&Cs) by the booking sites like; Airbnb and Booking.com. 
  • All reservations must be accepted by the owner as he appointed us to do it per our T&Cs.
  • CapeHolidays don’t check availability with the owner before a guest do an instant reservation. 
  • But what about owner reservations? The owner agreed to first check availability with the agent at all times and only then reserve the accommodation for his own use.  
  • Owners cancelling guest reservations: cancellations carry no owner penalties only if the cause is a major disaster or something out of reasonable control. 
  • Owners ending/cancelling the agreement do it in writing. All current/confirmed reservations are honoured. Any owner not communicating the cancellation of the agreement will honour future bookings. If these are not communicated and/or honoured the owner is liable for penalties. 
  • All websites like Airbnb and Booking.com do instant bookings. This increases the chances of getting reservations. Read about Airbnb Instant Book here

What the above means is that everything works extremely well if the agent can ensure 100% calendar integrity. As agents or hosts, we cannot do our business best without instant booking

Did you find this FAQ helpful?
0
0

An Owner Pieter recommended Sandra and husband John. Around the dining table, they heard about the slug of money Pieter got renting his home over peak. 

The one couple got easy money over Christmas and the others wanted to be part of the rainbow. 

Sandra showed us their upmarket apartment close to the beach. It was not guest ready yet. But we assisted in staging the accommodation and the photos were really great. This is going to be a winner. 

We sent them the T&Cs to read, discuss, agree, sign and send back. 

Nothing. Eventually, we got an email;

We know Peter who has a property that you have rented over the high season period. We are comfortable with a similar arrangement with our property. 

Long story short; the: similar arrangement was based on a handshake. Although low incidence, renting out accommodation has various risks. And things had to change. Easy verbal arrangements are great and easy but…. 

Various parties with different expectations make it difficult to just shake hands on hope for the best:

  1. The owner has risks, fears, and needs. 
  2. Guests have high expectations. 
  3. The management agent must address the issues of the owner and guests. 
  4. The provider Airbnb, Booking.com or other third-party agents has its own set of rules. 
  5. And where there is money the one holding it is controlling the roost. 

The rare incidents can be severe. Let me explain:

Since starting out Cape Town Management Agency during 2009 we only had three cancellations due to extenuating circumstances. All during 2019. An insignificant issue as measured in incidence and 4% in value. 

The three owners feeling the burn and are now out of pocket. These cancellations occur last minute. And in most cases, guests book at least two months in advance. Meaning; we will not get another booking. 

Two of the affected owners, we paid a substantial amount, said they were not aware we market their home on Airbnb and did not realise the risk.

One owner asked us to share the risks in more detail. Obviously, this is one example of many. 

An agreement has various purposes:

  • It draws the lines within which the guest, owner, and agent plays the game. 
  • It sets out and explains expectations for parties. It shares timelines, responsibilities, and duties. 
  • It explains the risks in no uncertain terms. And owners have the right to know. 
  • It keeps all involved as honest as is possible. 
  • It indicates to us that we have the right to represent the owner and the owner is committed. 
  • In exchange for generating an income, for the committed owner, we brand the owner’s home with the trustworthiness we established over many years. These include being SuperHosts and having nearly a thousand 4.9 out of 5 Star reviews. And we cannot risk losing these with owners who say, “Sorry, we shook hands and you did not tell me about that!” 
  • Money complicates things. Example: we get paid by Airbnb, we paid the owner; what happens when there’s a refund or cancellation? Airbnb immediately takes the money from us. Now we need to recover the money from the owner. This can become a mess when based on a cordial handshake. 

Our Terms and conditions are general. It may not cover all your specific needs. Certain clauses are negotiable others not. We can add, and adapt some. 

Did you find this FAQ helpful?
0
0

All FAQs: Home Owner (9)

If the owner ensures the calendar is always correct there is no reasonable-justification, for the owner, to cancel; other than for extenuating circumstance (Acts of God).

Therefore clause 3.3 in our T&CS should never be an issue. This clause, however, will ensure owners who may not have the best intentions stay honest. And is that not one reason for an agreement; to keep the bad guys honest?

The quick answer is you can not cancel any booking. And not reporting unavailability to us for whatever reason has serious consequences.

Here’s the long version:

Risk. As you know all businesses have some risk. Even though these risks have an extremely low probability please take note. 

One of the risks is what’s called Instant Bookings. Instant bookings increase the chance for bookings. 

When guests meet set criteria they can instant-book. And we cannot cancel as we will face severe penalties. Not only is there a cost involved but we can easily lose our SuperHost status. 

When an owner agrees to our terms and conditions we share this risk and must limit it. 

We, therefore, must indicate to owners, who may not take this seriously, the risk and consequences

Let me quote the Terms and Conditions

3.3 If the OWNER cancels or cannot host as agreed, a confirmed booking, a penalty of US$1500 will be paid by the OWNER to the AGENT and the OWNER will be kept liable for any additional losses incurred by the guest who made the booking and any losses occurred by the AGENT, excluding ‘Acts of God’.

The loss, when the owner rejects a confirmed booking, is not measured only in monetary terms. No. The cost to lose our SuperHost status is not quantifiable. 

Booking.Com makes it more difficult. 

Booking.com says that if you cancel a confirmed booking, you must find alternative accommodation for the guests. If you cannot they will find similar accommodation, and if the rates are higher then you will be liable to pay the cost to relocate the guest. 

Therefore, we, explicitly, share with the owner the risks and consequences of rejecting a confirmed booking. 

How often does this happen? 

Well, infrequently, but we have had one or two peak only owners who have asked us to market and then remove their homes from the market, without notifying us when it happens. In these cases, we accidentally learned about it. Next time we may not be that lucky. 

The risks are low as long as owners inform us of changes well in advance. 

Did you find this FAQ helpful?
0
0

New Airbnb owners should be aware of the hosting risks of Airbnb and do something to limit it.

NOTE: In general, you may never even encounter any of these issues. Reading about these risks may scare many owners. If that is the case then you make take this as an absolute. It’s not. The risks are very low.  

Let’s consider a list of risks of hosting Airbnb guests and solutions here:

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Yes. Unfortunately, agreements are to keep the bad guys in line. 90% of people are trustworthy. The problem is complicated 10%. And we need to clarify very important clauses. Clarifying them with our T&Cs sets the scene explaining the rules we try to adhere to. Our ultimate aim is to protect the guest, you and us. But that’s the foundation from where we aim to make all interested parties happy. This is not easy. But we must start at the bottom and then work towards success.
Some of our T&C clauses ar set in stone. A few are negotiable to suit your unique needs. We believe it best for you to read our FAQs, the read the T&Cs and then ask questions. We have two T&Cs; one for owners who only rent only during school holidays and other renting out during the year. These two groups have unique needs.
Read the Agency CapeHolidays Owner T&Cs here.
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Instant Booking is one of the features hosts don’t really have an option with. Airbnb gives you another option where guests can first discuss a booking. But still, you cannot decline if you don’t have a very good reason. And guests don’t like being rejected when your calendar shows availability. And if we cancel the hosts will never keep their status as a SuperHost (see more). 

Let’s get to the details:

  • Instant booking means we must ensure 100% integrity of the calendar.
  • Any verified guest can reserve the accommodation immediately if the calendar shows availability. 
  • Any guest who instantly reserves do this by accepting our rules we set with the owner and the rules (T&Cs) by the booking sites like; Airbnb and Booking.com. 
  • All reservations must be accepted by the owner as he appointed us to do it per our T&Cs.
  • CapeHolidays don’t check availability with the owner before a guest do an instant reservation. 
  • But what about owner reservations? The owner agreed to first check availability with the agent at all times and only then reserve the accommodation for his own use.  
  • Owners cancelling guest reservations: cancellations carry no owner penalties only if the cause is a major disaster or something out of reasonable control. 
  • Owners ending/cancelling the agreement do it in writing. All current/confirmed reservations are honoured. Any owner not communicating the cancellation of the agreement will honour future bookings. If these are not communicated and/or honoured the owner is liable for penalties. 
  • All websites like Airbnb and Booking.com do instant bookings. This increases the chances of getting reservations. Read about Airbnb Instant Book here

What the above means is that everything works extremely well if the agent can ensure 100% calendar integrity. As agents or hosts, we cannot do our business best without instant booking

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A few owners only want occasional bookings and not interested in maximising income.

Yes. We can assist you.

Some Cape Town Accommodation owners only want to get one, two or three bookings during the year. And nothing more. 

We just need to agree to a different T&Cs (see it here) for your specific needs. 

These owners either;

  • tend to live in their homes during the year. 
  • owners who only want a few guests through their home. 

These owners keep the home for their own use or no use during the year and make certain dates exclusively available to CapeHolidays. Agency.CapeHolidays.info are 100% responsible for bookings during this time and the owner will honour all bookings during the agreed availability period. See the consequences and responsibilities for Instant Bookings.

Owners who don’t live in their homes during the year may want the management of their accommodation while they are not here; our T&Cs do not provide for this function. And these owners will need to discuss their needs with us clearly to understand their needs and agree on the management fee to oversee the home during the empty time.

Can You Assist if I only want occasional bookings? Read this FAQ.

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An Owner Pieter recommended Sandra and husband John. Around the dining table, they heard about the slug of money Pieter got renting his home over peak. 

The one couple got easy money over Christmas and the others wanted to be part of the rainbow. 

Sandra showed us their upmarket apartment close to the beach. It was not guest ready yet. But we assisted in staging the accommodation and the photos were really great. This is going to be a winner. 

We sent them the T&Cs to read, discuss, agree, sign and send back. 

Nothing. Eventually, we got an email;

We know Peter who has a property that you have rented over the high season period. We are comfortable with a similar arrangement with our property. 

Long story short; the: similar arrangement was based on a handshake. Although low incidence, renting out accommodation has various risks. And things had to change. Easy verbal arrangements are great and easy but…. 

Various parties with different expectations make it difficult to just shake hands on hope for the best:

  1. The owner has risks, fears, and needs. 
  2. Guests have high expectations. 
  3. The management agent must address the issues of the owner and guests. 
  4. The provider Airbnb, Booking.com or other third-party agents has its own set of rules. 
  5. And where there is money the one holding it is controlling the roost. 

The rare incidents can be severe. Let me explain:

Since starting out Cape Town Management Agency during 2009 we only had three cancellations due to extenuating circumstances. All during 2019. An insignificant issue as measured in incidence and 4% in value. 

The three owners feeling the burn and are now out of pocket. These cancellations occur last minute. And in most cases, guests book at least two months in advance. Meaning; we will not get another booking. 

Two of the affected owners, we paid a substantial amount, said they were not aware we market their home on Airbnb and did not realise the risk.

One owner asked us to share the risks in more detail. Obviously, this is one example of many. 

An agreement has various purposes:

  • It draws the lines within which the guest, owner, and agent plays the game. 
  • It sets out and explains expectations for parties. It shares timelines, responsibilities, and duties. 
  • It explains the risks in no uncertain terms. And owners have the right to know. 
  • It keeps all involved as honest as is possible. 
  • It indicates to us that we have the right to represent the owner and the owner is committed. 
  • In exchange for generating an income, for the committed owner, we brand the owner’s home with the trustworthiness we established over many years. These include being SuperHosts and having nearly a thousand 4.9 out of 5 Star reviews. And we cannot risk losing these with owners who say, “Sorry, we shook hands and you did not tell me about that!” 
  • Money complicates things. Example: we get paid by Airbnb, we paid the owner; what happens when there’s a refund or cancellation? Airbnb immediately takes the money from us. Now we need to recover the money from the owner. This can become a mess when based on a cordial handshake. 

Our Terms and conditions are general. It may not cover all your specific needs. Certain clauses are negotiable others not. We can add, and adapt some. 

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Yes. It happens. How do we manage future bookings for owners who want to sell or who are very sick? 

Obviously, if you pass away it’s an extenuating circumstance and we are allowed to cancel. With terminal illness or selling of your accommodation, you have a transition period where you may want the bookings to continue. And it is possible.

Let me remind you of the T&C clause in question:

3.3 If the OWNER cancels or cannot host as agreed, a confirmed booking, a penalty of US$1500 will be paid by the OWNER to the AGENT and the OWNER will be kept liable for any additional losses incurred by the guest who made the booking and any losses occurred by the AGENT, excluding ‘Acts of God’.T&Cs

This clause does not change at all, other than for extenuating circumstances.

 But there is a way to limit the exposure and it is very simple: 

You close the future booking window from 12 to 18 months to only three months in advance.

This means at any time when the owner sells their property, only the next three months’ worth of bookings must be honoured. As you know; estate transfers take about three months. 

 If this interests the owner, they must just ask us in writing to only open a rolling three-month booking window. 

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Procedure when I want to sell my home while you manage.

An owner may think that it’s easy selling their home while we try and keep guests happy.

Unfortunately, the consequences are not obvious to the outsider. Paying guests will not tolerate intrusions. Never. Ever!

You can ask nicely; they may oblige but deep down they are disappointed when “their home” is intruded upon. 

And the one small consequence? A bad review!

We are extremely protective of our SuperHost status (more here), and our nearly 1000, 5 out of 5-star ratings. We will not sacrifice quality under any circumstances.

Therefore, while we manage and market your home, you must be aware of the limitations.

There is a price to pay for this. And it may be better to cancel our agreement than to compromise our commitment to you, your home and the guests with high expectations.

You know the saying:

You can’t have your cake and eat it too…

There is a conflict between your needs to have a rental income and selling your home. Your rental agent must ensure the integrity of the home at all times while the real estate agent wants access now and will do whatever to get access.

We must find a way for all three interested parties to work hand in hand.

The following procedure is applicable while we have a mandate to market and manage your home.

Obviously, if the owner believes it is too restrictive then we need to consider the request.

But if the request limits our ability to ensure guest’s privacy or a third party interferes with the quality (as we have set it up for guests), then we must reconsider the agreement.

Please read this FAQ first for some background info.

The following procedure applies:

  1. The T&Cs indicate that you need to honour all future bookings. To reduce the risk we recommend you limit the availability calendar. For example, you can ask us to open a rolling one month or three-month availability-window. This will, however, reduce occupancy; most people book at least 2 to six months in advance. The further the calendar extends (opens) the higher the occupancy but the higher the risk that the property may sell and the new owner may not want to honour the bookings. In that case, you, the responsible party, will be liable for additional costs and penalties of at least $1500 plus relocating costs.
  2. Any real estate agent wanting to show the home or wanting access to the home can only enter through Agency.CapeHolidays.
  3. At no time will the real estate agent be permitted to enter the home without an appointment with Agency.CapeHolidays.
  4. Never will real estate agents engage with guests.
  5. No real estate agent will have keys to the home.
  6. Should the owner give access to a third party without our knowledge or consent and we cannot resolve the issue amicably the owner has by default cancelled the agreement and must honour all future bookings as per our T&CS.
  7. Agency.CapeHolidays cannot be responsible for the property when there’s a third party with uncontrolled access. Let me be blunt; if a third party has access without our control the risk is too high and we would not be interested to continue our mandate.
  8. The owner may choose to block a few days per month for viewings. But again only via Agency.CapeHolidays.Info.
  9. The owner must notify Agency.CapeHolidays.Info immediately when a sales agreement has been signed.
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