ELI5: Explain Like I'm 5

Peer-to-peer property rental

Have you ever lent your favorite toy to your friend for a few hours or a day? That's kind of like what peer-to-peer property rental is!

Instead of lending toys, grown-ups can lend their homes, apartments, or rooms through peer-to-peer property rental websites, like Airbnb, VRBO, or HomeAway. You see, some people have extra space in their homes that they don't use all the time. They can rent out that extra space to people who are traveling and need a place to stay, like a hotel room.

These websites help people who want to rent a place find someone who is willing to rent their space to them. The websites also help the renter and the rentee make arrangements for payment, security deposit, and other important details, like how to get the key to the property and what to do if something goes wrong.

Sometimes, people like to rent out their homes because it can help them make extra money to pay for things they want or need. It can also be a good way to meet new people from other parts of the world.

Peer-to-peer property rental is a fun and creative way to help people save money on travel expenses, while also giving people a chance to share their homes and make new friends!