The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop #00513

Submission Number:
00513
Commenter:
Patrick Turney
State:
California
Initiative Name:
The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
Hello, We use airbnb to rent out our vacation home in the mountains. This allows us to offset the cost of maintaining the cabin via electricity, propane etc. We also enjoy having it available to other folks who are not able to afford a mountain property. We like using airbnb as a middleman as they handle all the intermediate negotiation, i.e. they facilitate acceptance of the credit card payment, verification of the identity of renters, holding a security deposit and providing an insurance backup in case of problems. We enjoy this arrangement as it is beneficial to all parties involved. Thankyou