Re:Turns out claims Airbnb was taking houses out of the rent...
by foldr on Sunday March 22, 2020 @05:21AM
(#22653746)
I've always suspected that being an Airbnb host appears to be much more profitable than it really is because hosts are not properly insured.
Re:Turns out claims Airbnb was taking houses out of the rent...
by stevekemp on Sunday March 22, 2020 @09:13AM
(#22654710)
I wonder if it would even make a difference? I used to be a landlord in Scotland, and now am in Finland.
For landlord insurance I'd pay about £300/year in Scotland, and €60/year in Finland. I'd be surprised if there were short-term policies, as distinct from long-term-tenant policies, that we significantly more expensive than that.
Re:Turns out claims Airbnb was taking houses out of the rent...
by foldr on Monday March 23, 2020 @05:59AM
(#22662466)
The risk from taking on multiple short-term tenants with no real background checks is surely much greater. Especially given that the tenants have no real incentive to behave well or keep the property in good condition.
There have been articles about this. It sticks in my mind because I used to be in insurance.
Residential buildings were not intended to be used this way and all the policy and infrastructure points to "No, really, you weren't supposed to use this as a commercial vehicle. That's not what all of society agreed to for this piece of real property."