India, Aug. 2 -- People are increasingly turning to private homes instead of a hotel room while travelling. If you live in a popular tourist destination, offering your home as a short term rental can fetch you more income per month.

Before you get started with fixing up your home as a short term rental, you'll need to do a little research about your area. As a short-term rental, you can earn almost double what you make with long-term tenants. Of course, this depends on how frequently you rent out your place, the amenities you can offer and the demand in your locality.

Prepare Your Home

Short-term rentals are usually alternatives to a hotel room so guests would expect homes to be furnished to basic standards and amenities needed for tra...