Why Hourly Rentals Failed

<p>Visit The <a href="https://portal.costsegregationguys.com/r/estateespressopodcast" target="_blank" rel="noopener noreferer">Cost Segregations Guys</a>, our sponsor using this link for a discount. Cost Segregation is the key to accelerating depreciation and improving cash flow in your portfolio. </p><p>------------</p><p>On today&#39;s show we are looking at why Property Tech company Peerspace filed for Chapter 11 bankruptcy protection. </p><p>For over a decade, Peerspace was celebrated as the &quot;Airbnb for hourly space.&quot; The company promised to unlock millions of dollars in value hidden inside under-utilized physical real estate. But its sudden filing in bankruptcy court exposes the deep structural vulnerabilities of trying to monetize space by the hour.</p><p>The company Peerspace was supposed to revolutionize the industry. But operational friction choked its unit economics, and we will look at the severe liability issue that ultimately forced its restructuring.</p><p>-------------</p><p>**Real Estate Espresso Podcast:**<br> Spotify: [The Real Estate Espresso Podcast](<a href="https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1" target="_blank">https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1</a>)  <br> iTunes: [The Real Estate Espresso Podcast](<a href="https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613" target="_blank">https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613</a>)  <br> Website: [<a href="http://www.victorjm.com/" target="_blank">www.victorjm.com</a>](<a href="http://www.victorjm.com/" target="_blank">http://www.victorjm.com</a>)  <br> LinkedIn: [Victor Menasce](<a href="http://www.linkedin.com/in/vmenasce" target="_blank">http://www.linkedin.com/in/vmenasce</a>)  <br> YouTube: [The Real Estate Espresso Podcast](<a href="http://www.youtube.com/@victorjmenasce6734" target="_blank">http://www.youtube.com/@victorjmenasce6734</a>)  <br> Facebook: [<a href="http://www.facebook.com/realestateespresso%5D(http://www.facebook.com/realestateespresso)" target="_blank">www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)</a>  <br> Email: [<a href="mailto:podcast@victorjm.com" target="_blank">podcast@victorjm.com</a>](mailto:<a href="mailto:podcast@victorjm.com" target="_blank">podcast@victorjm.com</a>)  <br>**Y Street Capital:**<br> Website: [<a href="http://www.ystreetcapital.com/" target="_blank">www.ystre