The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop #01230

Submission Number:
01230
Commenter:
Peter Glenn
State:
California
Initiative Name:
The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
Dear Federal Trade Commission, My wife and I turned to AirBNB in January as a way to earn some alternative income while I co-found an education technology startup CrowdSchool. We were quickly able to start earning $1600 to $2000 per month by renting out our guest bedroom, which now makes up nearly 50% of our monthly income. Using AirBNB has allowed me to continue launching my startup and without being able to use AirBNB as an income stream, I'm not sure I'd be able to afford continuing to launch my business. We've also gotten to meet guests from around the country and visitors from places diverse as South Korea, Belgium, Argentina, and Columbia. Unlike a hotel setting, we're able to personalize their experience of Los Angeles and the United States and offer deeper insight into our community and country. Even once we're able to buy our own home, my wife Erica and I still plan to run an AirBNB because we love meeting the guests and the extra income it earns for us. We hope you will consider supporting policies that support rental sharing sites like AirBNB. Feel free to contact me anytime with questions: [REDACTED]. Thanks for your consideration, Peter