The news just broke last week: Sonder—one of the biggest “big box” property management companies in the STR world—has filed for bankruptcy.
For years, companies like Sonder promised scale, systems, and sleek branding. They raised millions. They dominated major markets. They were the darlings of venture capital.
And yet…
they couldn’t survive.
So what happened? And what does this mean for hosts, investors, and the future of short-term rental management?
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