Whether you're renting out an extra room to cover a portion of your mortgage, using the platform to expand your real estate portfolio, or exploiting Airbnb arbitrage to build a multi-million dollar business, short term rental can be a life changer. One of the best things about Airbnb is that it allows hosts to scale at their own pace. No matter what your plans are for your Airbnb long term, there are a few crucial things to think about as you get started. This guide will walk you through everything from figuring out your local short term rental laws, to furnishing your space, creating an appealing listing, establishing your house rules, and so much more.