The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
Our 40 acres in Plumas County, CA consists of 8 homes, 7 of which are vintage 1930-1940's. The property was originally the Penman Peak Lumber Company established in 1925. The cabins are old, but historic, and unfortunately with a lot of deferred maintenance when we purchased this property January 2012. We have one cabin that we have listed on Airbnb. The revenue we receive from the rent of this cabin helps to paint, repair, and maintain all of the cabins, out-buildings and property. This is a bonus as we are barely making our property tax, government fees, insurance, and mortgage payments. There is no room for expensive repairs. For instance, every cabin on the property needs a new roof. Ouch. Plumas County is a depressed area, so full-time rent on the other cabins is "economically competitive" for this area. We are grateful for the extra money we earn on renting one of the nicest cabins as a vacation rental through Airbnb, and similar sites. This cabin is earning a new roof!