Financial Ruin... $10,000,000 FINE

Summary

James Svetec discusses the increased risk to Airbnb rental arbitrageurs in regions with new restrictions and hefty fines (up to $10 million in Ontario). The key is to mitigate risk by building a high cash flow business with low overhead. Svetec recounts his personal experience of over-investing, and emphasizes managing rentals for a fee as a lower-risk business model.