Man, the more I read stories like this about AirBnB the more I want them to fail. People hate regulations until they get screwed, and suddenly they understand that sometimes regulations exist for a reason. Beyond that though, what I despise is that AirBnB seems to reap all the profits and accept none of the blame. They fought to avoid paying taxes and whined when they lost, they refuse to take down listings when pres…
> Beyond that though, what I despise is that AirBnB seems to reap all the profits and accept none of the blame. I dunno; it seems to me that in these cases, the people who are really to blame are the "tenants" who are actually breaking both laws and rental agreements. I'm puzzled as to why the property owners aren't suing them to recover all the money they lost. I mean, yeah, lawsuits cost money, too, but when you're…
It sounds like you have never been a landlord. It's a five step process that takes at least two months just to evict someone in my landlord friendly state. I've heard it's worse in many other states. After that, it's possible to sue someone but that costs money and time and even after you do win it can take years to actually get your money and go through garnishment procedures once you track down their income. It's seldom worth the effort.
Yes most of the fault lies with AirBnb but being a distant landlord without a local property manager is crazy anyway. I sold my properties because the expense of getting a property manager or the hassle of managing it myself from across town wasn't worth it.