The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
My wife and I rent space in our house in Portland Oregon through AirBnB. Our rental activity is permitted by the City of Portland, which, among other things, required a safety compliance inspection by the City. We pay the standard City-required bed tax (collected and paid by AirBnB. We are located near a university in an area with no other lodging options. Parents and others visiting the university welcome the lodging options provided by us and other AirBnB lodging options in the area. We are close to retirement and are testing the AirBnB business model as a way to supplement our upcoming fixed income status. So far the model is a success. As a bonus we get to meet interesting people, with little fear of problem guests because of AirBnB's excellent review process. Our guests benefit by experiencing a one-on-one hosting relationship with us, which allows them to get a better orientation to the Portland area. We strongly support the sharing economy business model as a result of our AirBnB experience.