It depends heavily on your location. Some jurisdictions levy taxes that you are supposed to pay when you rent out your house for a short time ('hotel taxes'). S

It depends heavily on your location. Some jurisdictions levy taxes that you are supposed to pay when you rent out your house for a short time ('hotel taxes'). Some areas have private groups which control a block of houses ("Home Ownership Associations" in the US) which might have a rule saying you can't rent out the house at all, even though you own it. Some cities have laws saying that a building must be either built for the purpose of being a hotel (with extra requirements for fire codes, etc) or you can't rent it for short periods. Some say you can rent out your house but must register as a business (San Francisco). Some say that if the place you own is inside an apartment building then you may not rent it out for short periods unless you live there while the renter lives there (this is the law in NYC).