We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Holiday homes/apartments financial protection

Hi,
Tried to see if there was already a thread for this but I couldn't find anything.

I'm looking to book a holiday apartment for a trip to New York as it's much cheaper than a hotel. However, I'm worried that as these apartments are owned and you have to send the money to the owners rather than via a company what financial protection do you have if I was to turn up and the apartment didn't exist/ already had someone living there etc.

Having had a quick look into them it's my understanding that you have to pay via a transfer into the property owners account rather than pay by credit card.

Any advice would be great.
Thanks

Comments

  • PeacefulWaters
    PeacefulWaters Posts: 8,495 Forumite
    edited 31 October 2014 at 6:46PM
    There are parts (most) of NYC where it's illegal to let out an apartment short term.
    http://www.tripadvisor.co.uk/Travel-g60763-c147344/New-York-City:New-York:Vacation.Apartment.Rentals.html

    Unless you're paying by card, you've no protection through your method of payment.
  • gfplux
    gfplux Posts: 4,985 Forumite
    Part of the Furniture 1,000 Posts Photogenic Hung up my suit!
    It can be very tricky as there are lots of scammers around. You should ask this question on a specific New York forum like trip adviser. They will guide you to some honest places.
    There will be no Brexit dividend for Britain.
  • jackieblack
    jackieblack Posts: 10,682 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    gfplux wrote: »
    It can be very tricky as there are lots of scammers around. You should ask this question on a specific New York forum like trip adviser. They will guide you to some honest places.
    Except that as most short term apartment rentals in NYC are illegal, there aren't really any 'honest places' you should rent from 😉
    Everything will be alright in the end so, if it’s not yet alright, it means it’s not yet the end
    Quidquid Latine dictum sit altum videtur
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.5K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.5K Spending & Discounts
  • 247.4K Work, Benefits & Business
  • 604.2K Mortgages, Homes & Bills
  • 178.5K Life & Family
  • 261.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.