The young Sydney businessman's company goes bankrupt because of $ 3.6 million

A young businessman who set up a company to relieve Airbnb from stress for busy homeowners has gone bankrupt, thanks to $ 3.6 million to his customers.

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Callum Forbes, from Sydney, founded And Chill in 2017, but has already entered administration after two years.

The aim of the company was to manage homes for landlords who were too busy to rent them out themselves.

Callum Forbes (photo), from Sydney, founded And Chill in 2017, but it went into administration after two years

Callum Forbes (photo), from Sydney, founded And Chill in 2017, but it went into administration after two years

& # 39; You can enjoy your vacation with your friends and family while the property managers look after your property & # 39 ;, said the website, which claimed a & # 39; hassle-free & # 39; provide service & # 39; and & # 39; Landlords & # 39;

The company rented hundreds of properties on AirBnb and passed on the rent to owners minus a commission.

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But after a while it stopped paying the landlords and now owes 940 of them between $ 20,000 and $ 100,000 each.

And Chill has a 1.4-star rating on Product Review, with dozens of destructive reviews that make it a & # 39; terrible organization & # 39; to mention.

A landlord named Hilary wrote: & # 39; Stay away. I was lucky and came out of the contract with minimal financial loss and damage.

& # 39; The costs for my health and well-being in terms of stress in the struggle to get out, however, were huge. & # 39;

She added: & # 39; There is no office or feet on the floor. All my phone calls and emails went to the Philippines.

& # 39; When I disputed a plumber, he was reimbursed instead of explained. We were good at legal threats at that stage.

& # 39; There were double bookings and long unexplained periods in which the property was not advertised.

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& # 39; I was lucky. I've come out! & # 39;

The company rented hundreds of homes on Airbnb and passed on the rent to owners minus a commission. Pictured: Mr Forbes (in white pants) with employees and friends of And Chill

The company rented hundreds of homes on Airbnb and passed on the rent to owners minus a commission. Pictured: Mr Forbes (in white pants) with employees and friends of And Chill

The company rented hundreds of homes on Airbnb and passed on the rent to owners minus a commission. Pictured: Mr Forbes (in white pants) with employees and friends of And Chill

Another one named Aasim from Sydney wrote: & # 39; Stay away from this company.

& # 39; An absolute nightmare. Poor communication, no money or statement since February 2019, calls always go to voicemail.

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& # 39; I have terminated the contract, but no one has returned to repay my money.

& # 39; This company doesn't even earn half a star. & # 39;

A third landlord named Amy from Queensland said: And Chill rented her house to large groups who wanted to organize parties that made neighbors furious.

& # 39; Every evening I had constant angry messages from my neighbors about loud parties.

& # 39; The police were called several times. They caused extensive damage to our pool that was very expensive to fix. One guest witnessed burnouts in our back yard. & # 39;

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She added: & # 39; After one of the worst parties just before Christmas, the cleaners did not remove the trash they had left in the carport.

And Chill has a 1.4-star rating on Product Review, with dozens of destructive reviews that make it a & # 39; terrible organization & # 39; to mention

And Chill has a 1.4-star rating on Product Review, with dozens of destructive reviews that make it a & # 39; terrible organization & # 39; to mention

And Chill has a 1.4-star rating on Product Review, with dozens of destructive reviews that make it a & # 39; terrible organization & # 39; to mention

& # 39; It took two weeks for them to finally make it. This was during the Christmas period and we had guests cancel due to the mess.

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I could go on … this is just the surface of what we've been through.

I withdrew after 4 months. Stay away. & # 39;

Mr. Forbes, the CEO and co-founder of And Chill, studied accounting at the University of Sydney, but never stopped and graduated.

He has deleted his Facebook and Twitter accounts.

According to a document by manager McGrathNicol he and the former director failed to keep track of transactions and may be personally liable for the debt.

& # 39; The administrators believe that the failure of the director and the former director to keep books and records leads to a suspicion of insolvency, & # 39 ;, the document reads.

& # 39; Accordingly, the director and the former director may be personally liable for all amounts due to all creditors (including PFG, employees and unsecured creditors). Based on our current insights, this is approximately $ 3.6 million. & # 39;

Daily Mail Australia has contacted Mr. Forbes' lawyers for comment.

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