Most BnB homes are not insured correctly.
If they want to be hotels, there are rules and regulations that cover that. Tax rates too. What is going on is a result of people trying to exploit a loophole.
All fun and games until that loophole closes.
Good post. You’re seeing the same thing in these short-term rental arrangements that we saw with ride sharing. Once the property owner or driver has to pay the real cost of doing business, it’s suddenly not such a promising business venture anymore.