The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
I am host for AIRBNB and we share our guest house a two bedroom carriage house located on a five acre parcel of land with our primary residence in Middletown, RI. We purchased this property due to the potential to make additional income by sharing our real estate with guests. We have three children and likely will pay for our kids college education with the income generated from our seasonal rentals. We estimate about 25K net after tax income. We live adjacent to NEwport RI a tourist community and there is not sufficient hotel and BnB housing for all the tourists who come to the area. WE offer an out of town option for families who want to enjoy the community and stay in a housing setting rather than a hotel. We often socialize with our guests and give them detailed information on how to enjoy our community- they visit our restaurants, shops, beaches, and local attractions and bring much needed dollars to our mostly tourist community. In addition, because I have the house mostly unoccupied in the off season we were able to assist a low income family with a temporary housing need. The family's home was being renovated by Habitat for Humanity and their bathrooms and kitchen floor were being renovated so they needed to move out for 6 nights- we gratuitously housed them during this period of time. I have also house other local families when moving from home to home or doing renovations such as flooring on their own homes- saving them the cost of hotel stay and giving them an opportunity to upgrade their own homes- which in the end helps our community housing values. I see many positive opportunities to having housing options available in the sharing community. If you have any questions of me I am happy to respond [REDACTED].