We’re using Airbnb ourselves for our vacation.
I’m also being asked more often by clients my thoughts on the legal issues of renting rooms/houses/vacation places through Airbnb. I’m a fan but keep in mind that there are tax and insurance issues for which you need to be aware of if you are going to use it to rent a place.
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BY Andrew Sachais| 03/21/14 – 11:36 AM EDT
NEW YORK (TheStreet) — A new round of funding could value Airbnb at over $10 billion, signifying the company’s role as a disruptive force in the hotel industry.
The idea for Airbnb was conceived in 2008 by three Rhode Island School of Design and Harvard graduates who relocated to San Francisco, originally calling the site Airbedandbreakfast.com.
Since its inception, Airbnb has become a leader in the share economy. The site is a destination for millions of tourists looking for cheap rooms, while giving homeowners a new source of income.
Airbnb’s reach spans 160 countries with more than 600,000 listings, and the site has accommodated 11 million guests in its five-year history, according to the Wall Street Journal. The company said it had a record 250,000 guests in one night on New Year’s Eve 2013.
via Airbnb’s Valuation May Have the Hotel Industry Shaking – TheStreet.