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Airbnb Guests Trashed This Guy's $2.5 Million Condo

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Re: Airbnb Guests Trashed This Guy's $2.5 Million Condo

#12

Earlier quoted context omitted.

Renting it, as opposed to just listing it.

Seems like it's not worth the liability - much more to lose.

I mean if the data we are using for this conclusion is one news story of when everything goes bad then sure your conclusion is valid.

"Using the media to determine how well the world is doing is like using an emergency room for an image of health." - Nassim Nicholas Taleb

Re: Airbnb Guests Trashed This Guy's $2.5 Million Condo

#13
post #7

"Out of 86 guests, I've only had problems with 15 guests." "only"? n.b.: If your business model is renting out luxury condos to people on the Internet, you're going to have a bad time. People will use them for parties.

So Las Vegas Hotels have a bad business model? There are ways to deal with potential issues, ie. security deposits

Las Vegas hotels are staffed around the clock, owned by large companies with paid staff. In the event of damages or unruly behavior, they can kick someone out or have them arrested in short order. AirBnB listings tend be owned by individuals or families, and are often rented when those owners are absent. I can't imagine a security deposit in such a situation of less than 10% of the property's value.
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