¶ From our partners at CohostMyPlace

Are you looking for a way to make some extra income? If you live in the DC area, you're in luck! Home sharing is a big business in the nation's capital, and there are plenty of opportunities to get involved.

In Washington DC; to operate an Airbnb or short-term rental (where guests stay less than 30 days at a time) a host will need to register with the city and receive a short-term rental license or permit.

Here are the major 5 helpful steps:

(1) Visit https://dlcp.dc.gov/shorttermrentals to start the application and verify your address

(2) Obtain a certificate of clean hands in the homeowner's name via myTax.DC.gov

(3) Provide proof of liability insurance (Airbnb provides this coverage)

(4) Pay your permit fees with a Credit/Debit card once approved

(5) Add your Permit to your Airbnb listing and you are all set!

Just like Airbnb CEO, Brian Chesky and recently some celebrities now trending~Why Rent Out Your Home? Of course, there are plenty of good reasons to rent out your home in DC.

It's a great way to make some extra income. With home-sharing rates averaging $125 per night in the DC area, you can easily make hundreds of dollars per week—or even more!

- It can help offset the costs of ownership. If you're struggling to make ends meet or keep up with your mortgage payments, renting out your home can give you the financial breathing room you need.

- If you own a second home that you don't use very often, renting it out can help defray the costs of ownership (property taxes, insurance, etc.).

- Finally, renting your home can also be a great way to meet new people and experience new cultures. As a host, you'll have the opportunity to interact with people from all over the world—and who knows, you might even make some new friends along the way!

If you're looking for a way to make some extra income, consider renting out your home in DC's booming home-sharing market! At CohostMyPlace.com, we can help you get started with minimal hassle and expense. So why wait? Give us a call today or visit our website to learn more!