The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
Airbnb has been an absolute life saver for me. My "season" is generally May through about the middle of November. I have a guest room with an en suite bathroom just off my kitchen, so it is very private and separate from the rest of my house. I must admit to having been a bit nervous the first time I had guests, but I quickly got over it. Airbnb checks out potential guests very carefully, as they check out hosts, such as myself, before they accepted me on their service. All my guests have been very charming and interesting and I think that we all learn a little from each other. Airbnb collect the rentals before the guests arrive and I get paid the day after they arrive. At the end of the year Airbnb send me a 1099. While I don't make a huge amount of money, the income that I earn from Airbnb supplements my social security. Without my income from Airbnb, I would have had to sell my house, which I love, and downsize. I do expect that this information and my name and address will be kept absolutely confidential.