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Airbnb Guests Trashed This Guy's $2.5 Million Condo

businessinsider.com

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

#6
post #2

Does anyone know where the liability falls for Airbnb rentals? Is it on the owner or the rental agency (Airbnb)? If it falls on the owner, Airbnb should make this clear, and owners should be sure to have insurance in order to protect themselves.

AirBnb has an insurance policy on each rental made to through the site. I believe it is up to $1 million.

However, they obviously don't want to use the insurance regularly, as that will likely mean an increase in the rates they pay.

Both sides of this story could very well be true. He could have been a bad host AND a guest may have done a lot of damage to his apartment. BUT, if he's had problems with 15 guests, I'm sure that each time their is an issue, AirBnb tracks what owners are most problematic, and after this incident, they decided to sever ties.

It is possible AirBnb has an unspoken rule that if they spend x amount on a host with a specified period of time, they cancel the hosts account. 17% of guests doing damage to your apartment seems like quite a lot to me.

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

#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

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

#8

This is one of those times where there are 2 sides to every story and the truth lays somewhere in the middle. Interesting read though.

That's actually a common logical fallacy that is often used to deceive observers. The truth stands alone, just like the cheese.
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