How One Rental Startup Gamed Airbnb

Jay Roberts, the CEO and co-founder of a startup called Domio, purchased a newly constructed condo in the city’s North Nashville neighborhood with his then-girlfriend. A few days later, 24-year-old Adrian Lam, chief strategy officer and co-founder of Domio, bought the home directly across the street with his father. Within a month, Domio—a business that converted apartments and homes across the country into accommodations for tourists—listed both of the properties for rent on Airbnb.