Converting LTR to STR

[Cindy Craft]

In Findlay, OH we currently have one LTR that is single story, with a covered car port, close to downtown, a park, and shopping in a quiet neighborhood. The current renters are amazing and have been in there since we first listed it. However, they will be moving back to CA next December and we will be looking for new tenants. I just recently heard of someone in the Toledo area with a home very similar to our LTC, renting out as STR however, it is rented on a weekly basis to traveling employees from nearby companies. They have been very profitable and are booked for the entire year already at $1200/week.

I would like to look into doing this once our current renters move out. Findlay, OH has a lot of factories, Marathon headquarters, distribution centers, and a hospital. 

Has anyone done this? I am not sure where to begin with reaching out to the local large businesses and developing a relationship or contract. I know I will need a special license and to get a tax ID number, and it would need to be fully furnished and live-in ready. Is there anything else I need to do? 

If anyone has any advice or help figuring out the logistics of this please feel free to share!