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Considering renting out your home on Airbnb, VRBO, or another short-term hosting or rental service while you take a long vacation? Or do you have an extra room or apartment-like space you want to rent out in your home on a short-term basis? While renting out all or part of your home can be a great way to bring in extra money, there are lots of legal and practical issues to consider, such as taxes, insurance coverage, liability for guest injuries, municipal restrictions, landlord rules (if you rent your home), and concerns of your neighbors. Here are the basics you need to know.