The reason this vertical hasn't been disrupted in this manner is the inherent liability of dealing with humans.
An institution like a hotel chain can both:
-React to a situation like this immediately instead of letting it play out.
-Take the losses in the event that damage occurs and the guests credentials were fake.
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To an individual renting out less than 5 properties a loss like this is crippling.
Also agree that the real victims here are the fellow tenants +landlord, they won't be seeing any of that 90k+ or their shitty past tenant.
The reason this vertical hasn't been disrupted in this manner is the inherent liability of dealing with humans.
An institution like a hotel chain can both:
-React to a situation like this immediately instead of letting it play out.
-Take the losses in the event that damage occurs and the guests credentials were fake.
------------------------------------------------
To an individual renting out less than 5 properties a loss like this is crippling.
Also agree that the real victims here are the fellow tenants +landlord, they won't be seeing any of that 90k+ or their shitty past tenant.