Could be an insurance nightmare at some point. The liability of a renter renting

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Dec 5, 2018
1:11:15am

JAGA97 All-American

Could be an insurance nightmare at some point. The liability of a renter renting

A property that he doesn't own will void all coverage in most cases.

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JAGA97

Bio page: JAGA97
Joined: Apr 10, 2008
Last login: May 4, 2024
Total posts: 23,515 (15 FO)

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Messages

Author

Time

Airbnb has got to be among the most economically efficient innovations ever.

12/5/18 12:29am

Sounds like an expensive property manager.

garyfan

12/5/18 12:33am

Naw, the rent I collect is probably max. I wouldn't be able to make as much as

12/5/18 12:47am

Wouldn’t you make so much more money by using your rental as an Airbnb?

byulove

12/5/18 12:35am

It's probably a "how much do I wanna think about this" thing

Cashmeousside

12/5/18 12:38am

Airbnb actually takes considerable time, which I don't have. But now that I know

12/5/18 12:39am

That is trailers work, squeeze every last drop. Gu

calvindyer

12/5/18 10:53am

That's why I put a two-night minimum and bought myself a robo mop

12/5/18 11:16am

Could be an insurance nightmare at some point. The liability of a renter renting

JAGA97

12/5/18 1:11am

Just get a short term rental coverage endorsement. Easy.

mulletino

12/5/18 1:30am

The renter or the landlord?

12/5/18 2:08am

Landlord. Update your policy.

mulletino

12/5/18 6:34am

Thanks

12/5/18 6:37am

I just think you're responsible for insuring against all activities that you know are taking place in the property

mulletino

12/5/18 6:47am

It's not that easy. BeefNoodleSoup is the owner of the property but he is not

JAGA97

12/5/18 2:33pm

It’s economically efficient as long as you don’t consider what it does to home

Y2k

12/5/18 1:49am

NNothing artificial about it. The true value of the home needs to factor

12/5/18 2:07am

Area you trying to say people are not buying 2nd and 3rd homes right now at

Y2k

12/5/18 10:17am

In 2008 home prices were rising like mad and homeowners used the equity of th

12/5/18 11:12am

Wait a few years. I live in an area that’s in high demand. You see neighborhoods

Y2k

12/5/18 11:58am

According to this study a 1% increase in Airbnb listings increases home prices

12/5/18 12:55pm

Hotels are an old stilted industry with high taxes. Gov't will either shut down

rcbyufan

12/5/18 7:25am

Or use zoning so you can have commercial areas and residential areas.

Y2k

12/5/18 10:12am

To pay for the whole rent? His share of 3 rooms

Blue Ghost

12/5/18 7:33am

Yes

12/5/18 11:01am

You should be taking a cut of the Airbnb revenue, if you aren't. No reason

Iman23

12/5/18 7:46am

I kind of am because he's paying for the rooms

12/5/18 11:13am

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