With stay-at-home orders in place in most of the country, the sharing economy has taken a big hit, especially in the case of Airbnb hosts who saw $1.5 billion in bookings disappear in the middle of March.
Some Airbnb hosts rent out part of their home and rely on the income to make their mortgage. Others have small empires of properties that they’ve invested in and their lack of business effects all those they employ -- maintenance workers, cleaning crews and designers.
If you are part of the rental economy, how are you faring? Call us at 866-893-5722.
Tripp Mickle, reporter at the Wall Street Journal, whose recent piece is “A Bargain With the Devil’—Bill Comes Due for Overextended Airbnb Hosts”; he tweets @trippmickle