The Share Economy & Rental Income

The Share Economy & Rental Income

Gen Y Finance Guy Share Economy 2 Comments

You may have noticed that the tagline of this site is “we do things differently”. The “Share Economy” is the perfect example of how Gen Y does things differently. We have taken the idea of rental income and found a way to leverage technology to rent excess capacity in things we already have to our peers. The best example of this is Airbnb, which allows you to list a room or your entire place for rent (regardless of whether you currently own or rent). This is disrupting both the hotel and rental market which has traditionally been dominated by deep pocket investors. Airbnb takes all the friction out of the rental process. They handle identity verification, payment, communication, and they even have a peer review process …