Transfering Ownership with STR

[Mike Lattier]

We just went under contract with a cabin purchase that is self-managed as a vacation rental.  The 2 platforms being used are Airbnb and VRBO.  The cabin is booked solid after we close.  Does anyone have any insight into the best way to transfer bookings to the new owner?  Anyone been through that process before?  The VRBO site explanation seems a bit convoluted.  Just wondering if there is a smoother way than cancelling current bookings and rebooking.  Thanks.

[Collin Hays]

Re-booking is the only solution, and our experience has been that very few end up re-booking for whatever reason.  And unless your rental agreement is identical to the owner before you, that's probably a necessary thing.