No matter how much you criticize them or their practices, the fact is that Airbnb has an excellent concept and a business model which makes them a lot of dough without putting in much effort. But does having an excellent concept in place make up for an incompetent management and administration? Nah, for when you involve people and their pads with your business, you have got to be extremely cautious, and you can’t treat them as just another assets in your big American dream. Then there are tons of laws which you have to consider before you let any John Doe rent dwellings of some other John Doe.
It seems Airbnb isn’t quite following the law for the NY AG appears to be ready to go after Airbnb’s business and all the ‘illegal activities’ that take place in the name of p2p lodging service.
Veenga 