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3 Things to Consider Before Listing Your Home as a Short-Term Rental
The sharing economy is a 21st-century phenomenon that's expected to grow from $15 billion in 2014 to $335 billion by 2025. A recent COUNTRY Financial Security Index revealed that over half of Americans (54 percent) are currently participating in the sharing economy, including using services such as home-sharing and maintenance platforms. A home-sharing platform offers short-term, furnished lodging by the week or by the night, and can be a room, whole house or part of a house an arrangement popularized by Airbnb. A long-term rental, on the other hand, is leased for a month or longer, with renters on the hook for utility bills and other expenses.
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