It wasnt terrible before airbnbs and covid bullshit. I also think its a smart thing to do, if your adding value to the property. But that requires having skills, or the ability to learn them.
When I was in college my friends parents made money this way, they had part time jobs but their main income was buying and flipping properties. They ended up buying one near the college so my friend could have cheap board and they rented out rooms to other kids going to the college. Was a win win.
I even got a discount because I helped with finishing rooms and painting. The house was fucking 3 floors high so I wasn't going up top to help with the roof which had something like 5 layers of shingles on it. Wouldnt have took much more to bring it down. There is a reason you dont see many 6'3 300 lb guys on roofs.
Anyway, in this case they added value to the house, made their money when the kid left and provided cheap housing for a few students.
However, these people who buy property's, only to turn around and list them for a even higher price a week later.
Or these fucking airbnb scum, who think they are business genius's for taking advantage of a loophole and have no qualms whats so fucking ever about putting people or even entire familys out on the streets.
The statement of claim, filed on behalf of Allison Rasquinha in Ontario Superior Court of Justice on June 22, says Michele Nicole Carter and Jose Cornejo Kelly registered Rasquinha's studio condo on Adelaide Street West with the city for short-term rental without authorization and rented it out dozens of times on Airbnb in violation of the condo corporation's rules.
These people can rot in hell, airbnb blows my mind. If they want to run like a hotel, they should pay for a license, inspection, and insurance, Just like every other hotel. Fucking crazy they get away with this shit.
It wasnt terrible before airbnbs and covid bullshit. I also think its a smart thing to do, if your adding value to the property. But that requires having skills, or the ability to learn them.
When I was in college my friends parents made money this way, they had part time jobs but their main income was buying and flipping properties. They ended up buying one near the college so my friend could have cheap board and they rented out rooms to other kids going to the college. Was a win win.
I even got a discount because I helped with finishing rooms and painting. The house was fucking 3 floors high so I wasn't going up top to help with the roof which had something like 5 layers of shingles on it. Wouldnt have took much more to bring it down. There is a reason you dont see many 6'3 300 lb guys on roofs.
Anyway, in this case they added value to the house, made their money when the kid left and provided cheap housing for a few students.
However, these people who buy property's, only to turn around and list them for a even higher price a week later.
Or these fucking airbnb scum, who think they are business genius's for taking advantage of a loophole and have no qualms whats so fucking ever about putting people or even entire familys out on the streets.
https://www.cbc.ca/news/canada/toronto/landlord-lawsuit-airbnb-city-tenants-toronto-1.6900162
These people can rot in hell, airbnb blows my mind. If they want to run like a hotel, they should pay for a license, inspection, and insurance, Just like every other hotel. Fucking crazy they get away with this shit.