How the sharing economy could save your retirement
Retirees fearful about their financial security are turning to the sharing economy to better their lifestyle later on in life.
The rising phenomenon that encourages owners to rent something out that they are not using; such as a house, car or bike, is helping retirees use their personal assets to vastly improve the quality of their everyday lives.
Sites such as Airbnb – the global community marketplace that connects travellers seeking authentic, high-quality accommodation with hosts who offer unique places to stay – have seen a rise in older generations using their services, with the average host age now at 50. Enabling regular income without the pressures of a full-time job, older generations are embracing their inner entrepreneur and enjoying a second wind of earning – with a fresh burst of life to boot.
Take Tessa for example, the 61 year old host from Camden, who was a former acrobat, avid traveller and TV location manager before being severely hit with ME. Out of work for 15 years, and almost housebound, she began hosting for London 2012 and has not had an empty room since.
“I couldn’t afford to heat my house at one point, and now I am feeling a bit better, I am starting to save enough money to travel the world. My aim is to visit every single tree house that is listed on Airbnb – I never thought that would be possible! There’s definitely no going back for me.”
Others in their 50s and 60s have suddenly found themselves with empty rooms for the first time as their children fly the nest; leaving behind them an opportunity far too tempting to miss.
Thinking of hosting? Here are some tips from Airbnb:
Be sure everything accurately reflects what guests will experience. Airbnb offers free professional photography to help you with this.
Keep in touch! Get to know your guest’s travel plans so you can personalise their experience. Download the Airbnb app to respond to guests from wherever you are in the world.
Manage your calendar meticulously. Find the right match for your space by setting criteria and get to know your guests before saying yes.
Keep your commitments. If you can’t, apologise and bend over backwards to find back-up accommodations. Don’t forget to officially cancel online, too.
Clean as if royalty were on their way. The cleaner your space, the more glowing your review.
Fresh bedding, towels, soap, and toilet paper are a must. Always, always have them available upon arrival. Plus feel free to add your own little luxuries, too!
Give a good welcome. Think prompt check-in time, transportation tips, and a tour of the space.
Be supportive. Check in on guests, be easily accessible and go out of your way to offer alternatives if things don’t go according to plan.
Write a review for guests within 14 days. Approach this as if you were writing a thank you note or friendly letter encouraging how to be a better guest.
Latest posts by Sally - Silversurfer's Editor (see all)
- 3 simple ways to organise your medication - October 19, 2018
- Leaping into Costa Rica - October 18, 2018
- Pumpkin and Red Pepper Soup with Crispy Shallots and Pumpkin Seeds - October 18, 2018
- Would you support a delay to the final EU departure? - October 18, 2018
- Should all pensioners over 75 be entitled to a free TV licence? - October 17, 2018
Leave a Comment!
Community Terms & Conditions
These content standards apply to any and all material which you contribute to our site (contributions), and to any interactive services associated with it.
You must comply with the spirit of the following standards as well as the letter. The standards apply to each part of any contribution as well as to its whole.
be accurate (where they state facts); be genuinely held (where they state opinions); and comply with applicable law in the UK and in any country from which they are posted.
Contributions must not:
contain any material which is defamatory of any person; or contain any material which is obscene, offensive, hateful or inflammatory; or promote sexually explicit material; or promote violence; promote discrimination based on race, sex, religion, nationality, disability, sexual orientation or age; or infringe any copyright, database right or trade mark of any other person; or be likely to deceive any person; or be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence; or promote any illegal activity; or be threatening, abuse or invade another’s privacy, or cause annoyance, inconvenience or needless anxiety; or be likely to harass, upset, embarrass, alarm or annoy any other person; or be used to impersonate any person, or to misrepresent your identity or affiliation with any person; or give the impression that they emanate from us, if this is not the case; or advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse.
Nurturing a safe environment
Our Silversurfers community is designed to foster friendships, based on trust, honesty, integrity and loyalty and is underpinned by these values.
We don't tolerate swearing, and reserve the right to remove any posts which we feel may offend others... let's keep it friendly!