People can rent many different things today: cars, apartments, party dresses— even surf boards to ride the waves. People handle these rentals between and among themselves. They do not need to involve any company. This system is called the sharing economy.
It adds up to $26 billion in business each year. It is easy to do because of the Internet, online payments, and social media.
One group, RelayRides, helps owners earn money from their cars. Anas Kasawat made more than $1,000 this month."I’ve always thought why I can’t rent my own car, and it was difficult to find the right insurance, and no one would do it. So RelayRides was the perfect choice in the end.”
Car owners and renters both feel safer when they learn about RelayRides’ million-dollar insurance policy. The company also offers many kinds of vehicles that other companies don’t have.
Daryn Swanson rents out his bicycles on "Spinlister." He says he cares about making connections with other people in his community."I just like the idea of sharing my things. I have three or four bikes and I don’t use them all at the same time, so I thought it was a good way to meet some people and share what I have.”
For Spinlister’s Andrew Batey, this kind of rental helps people who like the same things to meet.“I really see that everywhere. We’re in 66 countries now. I could go to Bangladesh and feel the same way in meeting someone who loves biking as much as I do."
For now, it is easy for people to share their bicycles and cars in New York. They do not have to spend very much money. But in the future, the services may become more costly and more difficult to use.
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