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To play devil's advocate... Airbnb is a much better alternative (for landlords) vs leasing out and that's why it's wildy successful in Toronto. Landlords often
by canada_dry 8y ago
To play devil's advocate... Airbnb is a much better alternative (for landlords) vs leasing out and that's why it's wildy successful in Toronto.
Landlords often find themselves in a costly and exasperating battle dealing with a shitty tenant.
Once a shitty tenant moves in, it can be several months of legal battles to remove them... and the landlord is out-of-pocket thousands of dollars.
Airbnb does away with most of this risk.
Update: www.airbnbhell.com demonstrates, it has it's own risks!
- afterburner 8y agoAirbnb has its own risks, which you multiply by having many, many, many times more people going through your place, and not caring about it like a home. There's also far more overhead in terms of managing it.
- dr_orpheus 8y agoThere are a lot of people that are preferring to do Airbnb instead of traditional rentals. Your comment reminded me of another article (may have been previously posted on HN). https://www.theguardian.com/cities/2018/nov/29/empty-dublin-housing-crisis-airbnb-homelessness-landlords https://www.theguardian.com/cities/2018/nov/29/empty-dublin-...
- dorchadas 8y agoMy thoughts always turn to Dublin (and Galway) on this too. It's an issue I've noticed firsthand there when I was looking for a place to live. Really difficult to get a year long lease. Landlords like to rent out in summer to tourists, then try to get undergrads in the fall (if they make the switch at all with it...)