The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
I've hosted AirBnB in my home for two years in Boulder, Colorado. I own a three-bedroom house so I have two guest bedrooms. 85% of my rentals are 30 days or more. I live across the street from the University of Colorado so most of my guests are graduate students or professors working at the university for two to four months. Many of my guests have a dog. I also have a dog so the guest dogs are happy to stay with another dog, have a fenced-in yard, and go on walks with us. Many of my guests are foreigners, from Spain, Turkey, China, Colombia, Brazil, and many other countries. These guests often need extra help, from a tour of the local supermarket, to going on a hike in the mountains, to fixing a car that broke down in a bad neighborhood in Denver. Hotels can't provide the services that AirBnB hosts provide. Hotels aren't set up for long-term stays, for guests with dogs, or for guests who need help in an unfamiliar country. In 2014 I earned $12,000 from AirBnB. My mortgage is $24,000 per year. I've returned to school so I'm not earning anything. The extra income enables me to pay the mortgage each month.