{"id":2956,"date":"2018-03-02T19:19:08","date_gmt":"2018-03-03T00:19:08","guid":{"rendered":"http:\/\/lisa.rushworth.us\/?p=2956"},"modified":"2018-03-08T12:24:07","modified_gmt":"2018-03-08T17:24:07","slug":"side-job-accounting","status":"publish","type":"post","link":"https:\/\/www.rushworth.us\/lisa\/?p=2956","title":{"rendered":"Side Job Accounting"},"content":{"rendered":"<p><a href=\"https:\/\/medium.com\/uber-under-the-hood\/an-analysis-of-ceeprs-paper-on-the-economics-of-ride-hailing-1c8bfbf1081d\" target=\"_blank\" rel=\"noopener\">Flaws<\/a> in the <a href=\"http:\/\/ceepr.mit.edu\/files\/papers\/2018-005-Brief.pdf\" target=\"_blank\" rel=\"noopener\">MIT ride-share earning calculations<\/a> aside, I don&#8217;t think ride-share or home-share involves\u00a0a realistic accounting of expenses against income.\u00a0I used to use my personal car for work quite regularly. The company reimbursed per mile at a fixed rate,\u00a0and I\u00a0started off thinking I scored. Paid like 20 bucks for gas and they cut me a cheque for 100 USD. Then I needed to replace my tires *way* before I expected.\u00a0Turns out the reimbursement rate wasn&#8217;t a major boon. If you consider tires, oil changes, brake pads as part of your auto maintenance budget and don&#8217;t book some portion of those expenses against your Uber\/Lyft income,\u00a0then the gig looks artificially\u00a0profitable.<\/p>\n<p>At the time I looked, Lyft had a 2500 USD deductible on their comprehensive\/collision insurance (and both Uber and Lyft only covered comp\/collision when passengers were in the car). Drivers incur additional expense for supplemental \/ commercial insurance policies or live with those restrictions. But most people I know didn&#8217;t consider their insurance coverage &#8211; which means they incurred risk that would offset income. Same with house-rentals (AirBnB, HomeAway) &#8211; apart from people who rented properties as a commercial venture (i.e. people who were using the service as advertising for properties they rented anyway, not just renting out their house for a week or two when they were out of town), I don&#8217;t find many people who really understood what, say, AirBnB&#8217;s host protection insurance covered\u00a0 \/ what their homeowners insurance covered \/ what was uncovered.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Flaws in the MIT ride-share earning calculations aside, I don&#8217;t think ride-share or home-share involves\u00a0a realistic accounting of expenses against income.\u00a0I used to use my personal car for work quite regularly. The company reimbursed per mile at a fixed rate,\u00a0and I\u00a0started off thinking I scored. Paid like 20 bucks for gas and they cut me &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[537,536],"class_list":["post-2956","post","type-post","status-publish","format-standard","hentry","category-miscellaneous","tag-false-accounting","tag-gig-economy"],"_links":{"self":[{"href":"https:\/\/www.rushworth.us\/lisa\/index.php?rest_route=\/wp\/v2\/posts\/2956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rushworth.us\/lisa\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rushworth.us\/lisa\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rushworth.us\/lisa\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rushworth.us\/lisa\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2956"}],"version-history":[{"count":3,"href":"https:\/\/www.rushworth.us\/lisa\/index.php?rest_route=\/wp\/v2\/posts\/2956\/revisions"}],"predecessor-version":[{"id":2959,"href":"https:\/\/www.rushworth.us\/lisa\/index.php?rest_route=\/wp\/v2\/posts\/2956\/revisions\/2959"}],"wp:attachment":[{"href":"https:\/\/www.rushworth.us\/lisa\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rushworth.us\/lisa\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rushworth.us\/lisa\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}