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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.
by foldr 7y ago
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.
- stevekemp 7y agoI 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.
- foldr 7y agoThe 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.