Thinking of starting to host on Airbnb? Before you dive in, know that Airbnb hosting constitutes a legitimate business—and you should approach it as such.

Starting an Airbnb business isn’t as simple as taking some pictures of your property and listing them on Airbnb. The process takes significant effort and time, requiring you to do deep research into the Airbnb market, navigate complex regulations and taxes, and prepare your property with care to attract guests.

Here, we’ll outline how to start an Airbnb business.