Short Term Rentals have become a very popular way for homeowners to make money. My family and I have used the services of Home Away and AirBNB to find a place to stay for vacation several times. It can be a great way to earn additional money if you’re in an area that attracts tourists or for events/concerts/conferences, etc. I’ve helped investors find property in areas of Austin for this purpose that have made them a great return. Be mindful however of your local city and HOA regulations to make sure you’re in compliance. My HOA for example just past an ordinance that prohibits renting out your property for less than 60 days. So renting out my property for the weekend would be in violation for example.