How The Sharing Economy Can Take Your Real Estate Investments To The Next Level

How The Sharing Economy Can Take Your Real Estate Investments To The Next LevelThe sharing economy has been one of the dominant features of the economic landscape for at least the past five years. The concept is simple. You pay a less expensive price for a share in a service or goods that would be proportionately more expensive in the non-sharing economy. It’s the same concept as the ever-popular ride service Uber, in which riders may share a car with others going in the same general direction. It costs less than a taxi, and drivers choose when they work and when they don’t.

The sharing economy is growing by leaps and bounds, and observers believe it will continue to flourish. Prospective real estate investors can use the sharing economy in many ways. Here are some of the best:

Airbnb

Like Uber, Airbnb is one of the best-known winners in the sharing economy space. A person with space in their apartment or house rents it out by posting pictures and prices on the website. Then visitors pay the agreed-upon price to stay there.

One of the beauties of Airbnb is that you can use it in many ways. You can offer a spare room, but if you don’t have extra space it can also be used as a kind of time share. Going on vacation for two weeks and leaving your apartment vacant? Don’t. Rent it to someone while you’re gone using Airbnb and save the cash.

We Go Look

If you’re thinking about purchasing a property or a home, We Go Look is a great source. They employ more than 20,000 “lookers” who will inspect a site or a home and file a report on it. You can ask specific questions or choose a template. The report can also include photos and videos, which makes it ideal for viewing at a house or site that’s miles away from your current location.

We Go Look is great if you want to see what a place looks like, and it might be especially beneficial for viewing locations. Part of assessing a site for potential future building is seeing whether the ground is level, the drainage is adequate and the property is in context. What’s next door? What’s down the road? We Go Look’s trained personnel, who range from notaries to teachers, will let you know in their report.

Udemy

Want to learn more about real estate finance and investing? Udemy is an online platform with literally thousands of courses. Classes can be taken at any time, and you can take as much time as you need to complete them.

The real estate offerings are extensive. You can learn anything from the fundamentals of real estate investing to how to flip houses. You can also learn to be a realtor and prepare for the exam.

Fiverr

If you want to publicize your real estate for rent or sale, give Fiverr a try. It’s a bidding site where you can post a job for $5.00. It attracts a number of creatives who design and craft marketing messages. If you want a creative flyer or a well-crafted e-mail to send to prospective clients, Fiverr is a promising source that won’t break your personal bank.

The sharing economy is only going to grow larger as more people realize the benefits of turning flexible sharing arrangements and bidding sites that crowd source work. Make its extensive reach work for you in your real estate investment goals! Utilize Airbnb for the short term. Work with We Go Look as your eyes and ears. Study with Udemy. Get creative help at a reasonable price from Fiverr. Happy sharing!

About The Author

Anum Yoon is the founder and editor of Current on Currency. She loves all things personal finance, which is why you'll find her work all over the PF blogosphere. Catch her updates on Twitter @anumyoon!


1 Comment

  1. Derek @ MoneyAhoy.com

    We Go Look sounds really cool. I have never heard of that before, but the concept makes a lot of sense. Especially for remote viewing of homes in a location where you cannot easily make it out to look at dozens of homes at a time. What will they think of next??

    Reply

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