I need some advice on the Risk Free Reservations offered. I've always had a 30 day free cancellation policy that has worked very well in the past. I take a deposit of 50% immediately to secure the reservation and deduct the balance 30 days before arrival. The guest is therefore still allowed to cancel for a full refund up until 30 days before the date of arrival. I believe this is also an excellent way of knowing if the reservation is genuine or not.
I've had issues with last minute bookings in the past, so would hate to have to take a last minute booking because of a 24 hour cancellation.
Some advice on this will be appreciated.