GettyThere’s no doubt about it: Short-term rentals are changing how most of us travel, and often for the better. But is renting out your extra room everything it’s cracked up to be? But while there is money to be made with short-term rentals, it’s important for would-be hosts to ensure that they don’t dive in blindly, without first considering the full implications of renting out their home, or a portion of it, as a short-term rental. Short-Term Rentals: What You Should KnowThe term short-term rentals (STRs) refers to residential properties that are available to rent for a short period, anywhere from 30 days to six months. With this in mind, here are some things potential hosts should take into consideration:Local LegislationAre short-term rentals legal in your city?

Source: Forbes May 07, 2019 12:56 UTC