Have you ever dreamt of ditching the standard hotel room in favor of British castle or spending your vacation on a private island instead of a crowded resort? Thanks to home-sharing services such as Airbnb and HomeAway, either option is now attainable with the click of your mouse.
 
If the term “home-sharing” is unfamiliar to you, just imagine Uber’s business model with shelter taking the place of transportation. Home-sharing services are community marketplaces that allow people to rent out their houses, apartments, or even spare rooms to guests visiting the area. The practice offers travelers a unique alternative to hotels, and it can be a great way for homeowners or tenants to bring in extra money.
 
But while its benefits can certainly be extolled, the practice of home-sharing is not without risks. Whether you’re interested in hosting or renting, understanding how to best protect yourself from potential liabilities is the key to a successful home-sharing experience.