The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop #01218

Submission Number:
01218
Commenter:
Powell
State:
Tennessee
Initiative Name:
The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
I am managing an Air BnB for an apartment attached to my rental. Air BnB has so far been a help to both my landlord and I financially and since I lost my part time job it has helped me pay the rent. At first I was afraid to try Air BnB for safety and security reasons but we put an extra lock on my back door and so far all of the guests have been friendly and did not seem suspicious. The reviews help me to feel safer with Air BnB than with other vacate rental sites because the guest musts be verified with a social media account and they can receive reviews also. It truly seems like a win-win situation because guests can find a reasonably priced accommodations while home owners can make some extra money as well. When I had extra medical bills to pay for and did not know what to do I rented out my part of the house and I was able to pay some of it back. However, I did have a chair that was damaged by one of the guests and none of them would confess to who did it so I did not know which set of guests to charge. They had propped the leg up so the damage was not noticed till later. It was still a resourceful way to keep myself from further sinking financially and a relief to find a way to do that.