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Starting a short-term rental (STR) is an exciting way to earn extra income or build a full-time business, but success requires dedication, planning, and a clear understanding of the challenges ahead. Whether you’re listing your home on Airbnb, Vrbo, or a direct booking site, launching an STR involves upfront costs, legal considerations, and ongoing management. In 2025, with STR markets booming and regulations evolving, new hosts must be prepared to stand out in a competitive landscape. Here’s what to expect when starting your STR, along with practical tips to ensure confidence and profitability, supported by NSTRA’s expert resources.

Understanding the Costs of Starting an STR

Every STR begins with startup costs, which vary based on your property’s condition and furnishings. A 2024 STR industry report estimates initial costs for a furnished home range from $2,000-$10,000, covering essentials like:

• Furnishings and Amenities: Beds, linens, towels, kitchen appliances, dishes, and Wi...