Part of the sharing economy

House sitting solves a common problem

House sitting is a unique solution to a common problem. There are houses left empty all over New Zealand, their lucky owners or tenants on a holiday somewhere. These tenants or owners also put their cats or dogs into catteries or kennels during this time. House sitting NZ solves this problem, holistically. Cats, dogs or other pets don’t go without comfort or their own warm beds, and the empty houses are filled by considerate homeowners for a small fee. Sound good? Why not try it?

What is the sharing economy?

The sharing economy is an economic model in which individuals are able to borrow or rent assets owned by someone else. The sharing economy is most likely to be used when the price of a particular asset is high, and the asset is not fully utilized all the time.

So how does the sharing economy fit in with house sitting?

Because home owners and tenants are away, their properties aren’t being fully utilized. House sitters promote the full utilization of homes (assets), which means less empty homes and more happy kiwis.

How was the sharing economy created?

Communities of people have shared the use of assets for thousands of years, but the advent of the internet has made this much easier for asset owners, and those seeking to use those assets to find each other. This sort of lending is sometimes referred to as the peer-to-peer rental market.

What are the benefits of the sharing economy?

Using the sharing economy, in a basic sense, everything is used better. Houses don’t go empty, cars don’t sit in garages, even kitchen appliances get the best use. The possibilities are somewhat endless – with a drop of creativity anything can truly happen. 

Benefits of the sharing economy

1. Peer-to-Peer Lending: Peer-to-peer lending platforms allow individuals to lend and borrow money without going through a traditional bank. Based on the borrower’s credit history, the interest rate is typically set by the platform, which acts as the intermediary between the two parties. However, the individual who lends the money bears the risk.

2. Crowdfunding: Like peer-to-peer lending, crowdfunding connects people who need money with those willing to provide it. entrepreneurs, artists, and others present startup or project ideas to a community of potential funders, and then set a target fundraising amount and date.

3. Apartment/House Renting and Couchsurfing

Apartment/house sharing platforms, such as House sitting NZ connects homeowners with people who need a place to stay when they’re traveling. Hosts set the nightly price and specify available dates, typically when they’re not using the property. In preparation for a trip, visitors can browse accommodations in their destination and choose a place that fits their desired neighborhood, amenity needs, and budget.

4. Ridesharing and Car sharing

Ridesharing and car sharing offer some of the benefits of car ownership, such as easy access to a city without having to rely on public transit, with few of the drawbacks, such as paying for gas, insurance, and maintenance.

5. Co-working

Co-working lets you share the cost of office rent, utilities, storage, mail, and office supplies with other professionals. It’s particularly useful for freelancers, sole proprietors, and very small businesses that don’t have huge inventories requiring lots of storage space.