The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
My husband and I decided to invest our time transforming our legal one bedroom apartment attached to our own house into an airbnb rental two years ago. Our main interests were to continue earning rent to cover one half of our mortgage, which we have always counted on to live in such a beautiful and historic area. Our taxes and house expenses dictate us needing the creative extra revenue. Airbnb.com was an alternative we sought out because we have quite a beautiful historic property with leisure rental potential and appeal to individuals coming to the Hudson Valley every weekend to see the sites and experience the history. Airbnb.com is an amazing model for a limited business of rentals like ours to set up a payment method, advertising venue and verification checkpoints so we are capable of handling this type of activity with heavy expenses to our bottom line. We are thoroughly enjoying providing these furnished accommodations to others and able to regularly inspect, clean, maintain and care for our own property. We rely 100% on airbnb.com for all of our rental business at this point for this the following reasons - the company makes communication between us and guests easy and quick, they are supportive of our situation as hosts and help screen individual gust accounts and ask for feeedback, and they ensure payments and charges are handled fairly and quickly. I am impressed by the ability for airbnb.com to continue service at this high standard as they have grown worldwide. I do not see any opportunity of company that is comparable in what Airbnb.com offers to us and would not think of changing anything right now.