What is considered a short term rental?

A Short Term Rental, or STML, refers to the rental of any dwelling unit or bedroom as a residential accommodation for a duration of less than 30 consecutive days. Common hosting platforms used are Air BnB, VRBO, Craigslist, HomeAway, Boston Rentals, Couch Surfing, and FlipKey.

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1. What is considered a short term rental?
2. If I operate a short term rental, what do I need to know?