Founded in 2008, Airbnb has now over 100 million users and well over 640,000 hosts. The idea of opening your home and welcoming travellers into a space that is inviting while you make a few bucks may sound appealing. But unfortunately it is not as easy as simply making a bed, throwing a few clean towels in the room and leaving a key for them. There is a lot that goes into being an Airbnb host that many people may have not considered.
Know Local Laws
There has been plenty of pushback from people and companies who have been making their voices heard. Rules and regulations have been adapted and it varies from place to place so it is extremely important that you know what is and isn't allowed as it can cost you a hefty fine if it turns out you are breaking a law. There are stories of NYC hosts who have been fined thousands of dollars for renting their apartments but have not licensed their place as a bed and breakfast. Do your research before jumping head first.
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