STR Offers - any special language included?

[Jack McGraw]

Hi BP Family, 

Long time lurker, first time question regarding STR offers & transition of ownership. We've read a couple books and listened to several dozen hours of podcasts recently from BP, The Short Term Show, etc. so we know enough to be dangerous but some of the finer details are lost on me...

My wife and I have set our targets on our first STR property here in TX and have some questions regarding how people have handled the transition of ownership. Our thinking is to ask the future customers to cancel all future bookings and ask them to rebook (once the contract closes). Is this something that the seller should intiate as they have all the contact info/contracts or should it be a team effort? If so, should we addressed that after an offer is accepted? Should there be language in an offer letter (my gut says no, right?) or something addressed after the close?

Some listings won't be able to be re-booked as the city requires re-permitting for STR properties (which we've already discussed with the city and don't expect any problems outside of a 3-4 week approval lead time).

I'd be grateful for anyone who can share their experiences or point me towards a resource to digest. 

Cheers!

[John Underwood]

I personally would want control of the communication of all future booked guests, maybe even control of Vrbo and Airbnb accounts at closing. That way I could communicate with and manually cancel if needed. 

Don't leave it to the previous owner to take care of the communication for you.