With an influx of visitors due into the Twin Cities for the big game and related events and festivities, many property owners are offering their places up for rent – or at least looking into that option. Super Bowl festivities kick off soon, and time to get your property on the market is growing short. Better Business Bureau® of Minnesota and North Dakota (BBB) offers a list of things people should consider before listing their property on Airbnb or VRBO, including researching the track records of these companies at bbb.org. “We’ve aware that some people are hoping to cash in by renting their homes to out-of-towners during Super Bowl week,” said Susan Adams Loyd, President and CEO of BBB of Minnesota and North Dakota. “While that may be a viable option, we’re recommending they first confirm that they can rent their property and also that they’re in compliance with applicable statues.”Both Airbnb and VRBO offer detailed instructions on their websites as far as how their services work. Given the potential demand for lodging during the week of the Super Bowl, it’s likely many people will be putting their homes up for rent for the first time. BBB suggests taking a step by step approach, starting with basic questions, such as:· Does your city or suburb allow short-term rentals? Some may not.· Where will you stay while you’re renting out your house? Be aware that hotels will likely be full and rates will be high. Do the math and make sure the potential for profit is there. Is it possible to stay with friends, family or neighbors?· Is your co-op or condo association open to people renting out their units? Are their rules against it?· If you have a roommate and if you or your roommate plan on staying in your home while you have guests, be clear on boundaries; make sure all parties are aware of the transaction and house rules.· Will your homeowners insurance protect you against liability claims should someone be injured on your property? Talk to your insurance agent for more details about what’s covered and what’s not.· Are you abiding by city statutes as far as renting out your property? MinnPost recently published an article outlining Minneapolis and St. Paul’s policies in regard to short-term rentalsOther things property owners will want to consider are the following:· Setting your damage deposit. Sites like Airbnb and VRBO make this easy to manage – just be sure you’re clear on the details.· Will you need access to your home while hosting tenants? Be sure that’s disclosed while you’re communicating with potential guests.· Is your home child-proofed?· Are you open to tenants bringing their pets? Be clear in your listing as far as that.· From a safety perspective, go through your home and make sure it’s clean and all potential impediments are removed. Check the batteries in your fire alarms. Secure sensitive materials, such as bank and credit card statements, Social Security cards, as well as your blank checks and checkbook. Make sure your home computer and any laptops are password protected.· Look into best practices on the site hosting your listing if you choose to offer Wi-Fi service to your guest or guests. Be sure rules are in place and agreed to by your guests.· Think like an innkeeper: what amenities will guests need upon arrival and during their stay?Before rushing into listing your property, it’s a good idea to talk to others who have rented their homes out. Familiarize yourself with tips offered by sites such as Airbnb and VRBO; be sure you understand how their services work. Finally, be realistic. While it’s possible some property renters will earn significant rental fees, the market will ultimately decide the going rate. Some people who offer their home for rent may not find any takers.