Re:BMW to Let Car Owners Rent Out Vehicles Like `Airbnb on W...
by grkvlt on Thursday April 28, 2016 @02:26PM
(#11590916)
And just imagine doing it with property which often costs ten to one hundred times as much as a vehicle! A sort of AirBnB for houses, if you will...
Just think of the unbelievable number of ways that could go wrong:
Renters could mess up a house in any number of ways, from making a mess with food and drink, to damaging parts of the interior, to having accidents and causing serious damage. Are owners expected to do a full damage assessment pre/post every rental? Nobody will accept any liability otherwise.
That's overlooking any "party like a rock-star" issues which can ruin the contents.
Think of all the nefarious activity a renter could get up to. Domestic abuse, public order offences. Drug dealing or trafficking. Congratulations, your address is now on a watchlist.
Imagine the disputes over how much electricity has been used, or how much milk is left in the fridge. Let alone what type of milk a renter puts in there.
There's no way any ordinary insurance policy would cover this kind of scheme. Your premiums can, and should, skyrocket.
Then contemplate the practicalities of all this. A renter will have to travel from their home to the location of the property, then presumably return home. If that requires payment for transport, who pays?
Don't get me wrong; I can't wait for the future where nobody owns a home and we all live in autonomous coffin hotels that are efficiently utilized, monitored and cleaned automatically as needed. But this halfway house is a nightmare.
TL;DR: The concept of renting property to third parties has existed for a long time, and the problems are well understood.
Just think of the unbelievable number of ways that could go wrong:
Renters could mess up a house in any number of ways, from making a mess with food and drink, to damaging parts of the interior, to having accidents and causing serious damage. Are owners expected to do a full damage assessment pre/post every rental? Nobody will accept any liability otherwise.
That's overlooking any "party like a rock-star" issues which can ruin the contents.
Think of all the nefarious activity a renter could get up to. Domestic abuse, public order offences. Drug dealing or trafficking. Congratulations, your address is now on a watchlist.
Imagine the disputes over how much electricity has been used, or how much milk is left in the fridge. Let alone what type of milk a renter puts in there.
There's no way any ordinary insurance policy would cover this kind of scheme. Your premiums can, and should, skyrocket.
Then contemplate the practicalities of all this. A renter will have to travel from their home to the location of the property, then presumably return home. If that requires payment for transport, who pays?
Don't get me wrong; I can't wait for the future where nobody owns a home and we all live in autonomous coffin hotels that are efficiently utilized, monitored and cleaned automatically as needed. But this halfway house is a nightmare.
TL;DR: The concept of renting property to third parties has existed for a long time, and the problems are well understood.